Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 345

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 345
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 the then outstanding shares of Liberty Broadband Series A common stock, Liberty Broadband Series B common stock and Liberty Broadband preferred stock entitled to vote thereon, voting together as a single class. |     | The DGCL provides that bylaws may be amended or repealed by stockholders, and, if provided for in the certificate of incorporation, by the board of directors.                                                                                                                                                                                                                                                 
 The Charter certificate of incorporation and the Charter bylaws provide that the Charter Board may adopt, make, amend, supplement or repeal the Charter bylaws, by vote of a majority of the Charter Board, subject to the existing stockholders agreement.                                                                                                                                                    
 The existing stockholders agreement provides that the prior written consent of A/N is required for any amendment of the Charter bylaws that would adversely affect Charter Class B common stock held by any A/N Party in a significant manner as compared to other existing shares of Charter common stock.                                                                                                    |
| Vote on Mergers, Consolidations or Sales of All or Substantially All Assets |     | Except in certain limited circumstances where stockholder approval is not required, the DGCL requires that a merger agreement be adopted by the holders of a majority of the voting power of the outstanding stock of the corporation entitled to vote thereon. The DGCL provides that any sale, lease or exchange of all of substantially all of a corporation’s property and assets requires approval of the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | Except in certain limited circumstances where stockholder approval is not required, the DGCL requires that a merger agreement be adopted by the holders of a majority of the voting power of the outstanding stock of the corporation entitled to vote thereon. The DGCL provides that any sale, lease or exchange of all of substantially all of a corporation’s property and assets requires approval of the |

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TABLE OF CONTENTS

|                                  |     | Rights of Existing Liberty Broadband Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |     | Rights of Charter Stockholders                                                                                                                                                                                                                                                                                                                                                                  |
|                                  |     | holders of a majority of the voting power of the outstanding shares of stock of the corporation entitled to vote thereon.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 The Liberty Broadband certificate of incorporation provides that, subject to the rights of the holders of any series of preferred stock of Liberty Broadband, the affirmative vote of the holders of at least 66-2/3% of the total voting power of the then outstanding shares of Liberty Broadband Series A common stock, Liberty Broadband Series B common stock and Liberty Broadband preferred