Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 349

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 349
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holder unless (i) prior to the time such stockholder became an interested stockholder, the board of directors approved either the business combination or the transaction which resulted in such stockholder becoming an interested stockholder, (ii) upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, such stockholder owns at least 85% of the voting stock outstanding at the time the transaction commenced (subject to certain exclusions), or (iii) at or subsequent to such time, the business combination is approved by the board of directors and by the affirmative vote (but not written consent) of at least 66-2/3% of the corporation’s outstanding voting stock that is not owned by the interested stockholder. 
 A Delaware corporation may opt out of Section 203 of the DGCL in its certificate of incorporation or a stockholder approved bylaw.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 Charter has not elected to opt-out of Section 203 of the DGCL.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Action by Written Consent    |     | The DGCL provides that, unless prohibited by the certificate of incorporation, the stockholders may take action by consent without a meeting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 The Liberty Broadband certificate of incorporation prohibits stockholder action by consent, except that the holders of any series of preferred stock of Liberty Broadband may take action by written consent to the extent provided in a Preferred Stock Designation with respect to such series. The terms of the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |     | The Charter bylaws permits stockholder action by written consent, taken without a meeting, without prior notice and without a vote, signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted. The action by written consent must be delivered to Charter by delivery to its registered office in Delaware, its principal place of business, or an officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

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TABLE OF CONTENTS

|                          |     | Rights of Existing Liberty Broadband Stockholders                                                                                                                                                                                                                              |     | Rights of Charter Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                          |     | Liberty Broadband Preferred Stock do not include the right of the holders of such stock to act by written consent except with respect to certain protective provisions contained in the Liberty Broadband certificate of designation and the waiver of rights