Company: LILA
Filing Date: 2025-10-17
Form Type: 8-K
Source: 0001712184-25-000168
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Company: Liberty Latin America Ltd.
Filing Date: 2025-10-17
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

As previously disclosed in Liberty Latin America’s (the “Company”) Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 27, 2022, Mr. Nair received an award of Class B common shares (“ LILAB”) and performance share units (“PSUs”) in connection with the entry into an amended and restated employment agreement by the Company and Balan Nair, Chief Executive Officer of the Company. The award was split into three installments. The first two installments vested on July 28, 2022 and March 15, 2023 and half of the final installment vested on March 15, 2024 based on Mr. Nair’s achievement of his 2023 performance objectives. The compensation committee (the “ Committee”) of the board of directors (the “Board”) of the Company conditioned vesting of the remaining half (156,250 LILAB PSUs) on Mr. Nair’s achievement of his 2024 performance objectives. In March 2025, the Committee determined that the 2024 performance objectives had not been achieved and decided to condition vesting of the 156,250 remaining PSUs on 2025 performance.

On October 10, 2025, the Committee approved the performance objectives to be achieved by Mr. Nair, which focus on the Company’s execution of certain strategic, capital allocation and value enhancing initiatives, as determined by the Board, improvements in SOX compliance and overall risk management and achievement of the Company’s budget goals. In addition, the Committee may evaluate Mr. Nair’s overall performance in light of the foregoing objectives and other factors including, for example, leadership, handling adversity, external factors, strategic progress and stock price. If the Committee determines that Mr. Nair’s 2025 performance was “strong” (on a scale of “good” - “strong” - “exceeds”), 156,250 LILAB PSUs would vest on March 15, 2026.

Item 9.01 Financial Statements and Exhibits