Company: LBRDK
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001104659-25-029085
Chunk: 81

Company: Liberty Broadband Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 81
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 in lieu of fractional shares. Each holder of LBRDP will receive one share of newly issued Charter Series A

| ​ | LIBERTY BROADBAND CORPORATION/67 | ​ |

TABLE OF CONTENTS Security Ownership of Certain Beneficial Owners and Management cumulative redeemable preferred stock, par value $0.001 ( Charter preferred stock ) per share of LBRDP held. The Charter preferred stock will substantially mirror the current terms of the LBRDP stock, including a mandatory redemption date of March 8, 2039. As a condition to closing the Combination, we have agreed to divest our GCI business by way of a distribution to the holders of our common stock prior to the closing of the Combination (the GCI Divestiture ). The companies currently expect the Combination to close on June 30, 2027 unless otherwise agreed, subject to the completion of the GCI Divestiture and other customary closing conditions.

| ​ | 68/2025PROXY STATEMENT | ​ |

TABLE OF CONTENTS Certain Relationships and Related Party Transactions Certain Relationships and Related Party Transactions Under our Code of Business Conduct and Ethics and Corporate Governance Guidelines, if a director or executive officer has an actual or potential conflict of interest (which includes being a party to a proposed “related party transaction” (as defined by Item 404 of Regulation S-K)), the director or executive officer should promptly inform the person designated by our Board to address such actual or potential conflicts. No related party transaction may be effected by our company without the approval of the audit committee of our Board or another independent body of our Board designated to address such actual or potential conflicts. EXCHANGE AGREEMENT WITH JOHN C. MALONE On June 13, 2022, we entered into an Exchange Agreement (as defined below) with our Chairman of the Board, President and Chief Executive Officer, John C. Malone, whereby, among other things, Mr. Malone agreed to an arrangement under which his aggregate voting power in our company would not exceed 49% (the Target Voting Power ) plus 0.5% (under certain circumstances). The Exchange Agreement was amended in connection with our entry into the Merger Agreement, as described below. We have an ongoing stock repurchase program which permits us to purchase shares of our common stock. In light of Mr. Malone’s current ownership interests in our company, absent the Exchange Agreement, continued repurchases of LBRDA, pursuant to this program would be expected to have the effect of increasing Mr. Malone’s aggregate voting power in