Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 342

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 342
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 certificate of incorporation fixes the number of directors on the Charter Board at 13. A/N and Liberty Broadband are entitled to certain designation rights pursuant to the existing stockholders agreement. |
| Classified Board           |     | The members of the Liberty Broadband Board, other than those who may be elected by holders of any then-outstanding shares of any series of preferred stock of Liberty Broadband, will be divided into three classes. Each class will consist, as nearly as possible, of a number of directors equal to one-third of the then authorized number of board members. As of December 31, 2024, the terms of the Class II, III and I directors who were then in office will expire at the annual meeting of stockholders to be held in 2025, 2026 and 2027, respectively. At each annual meeting of stockholders, the successors of that class of directors whose term expires at that meeting will be elected to hold office for a term expiring at the annual meeting of stockholders to be held in the third year following the year of their election. The directors of each class will hold office until the expiration of the term of such class and until their respective successors are elected and qualified or until such director’s earlier death, resignation or removal. |     | The Charter Board is not classified. Directors are elected annually at each annual meeting of stockholders for terms ending at the next succeeding annual meeting of stockholders.                                       |
| Executive Committee        |     | The Liberty Broadband bylaws provide that the Liberty Broadband Board may, by the affirmative vote of not less than 75% of the members of the Liberty Broadband Board then in office, designate an executive committee, all of whose members shall be directors, to manage and operate the affairs of Liberty Broadband or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     | None.                                                                                                                                                                                                                    |

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TABLE OF CONTENTS

|                                                                             |     | Rights of Existing Liberty Broadband Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | Rights of Charter Stockholders                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                             |     | particular properties or enterprises of Liberty Broadband. Subject to the limitations of the law of the State of Delaware and the Liberty Broadband certificate of incorporation, such executive committee shall exercise all powers and authority of the Liberty Broadband Board in the management of the business and affairs of Liberty Broadband including, but not limited to, the power and authority to authorize the issuance of shares of common or preferred stock.                            |     |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Removal