Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 341

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 341
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 vote for each share of such stock held on all matters submitted to a vote of stockholders. A/N, the holder of the sole share of Charter Class B common stock, is entitled to a number of votes reflecting the voting power of the common units of Charter Holdings held by A/N as of the applicable record date on an as-exchanged basis on all matters submitted to a vote of stockholders. Any holder of Charter Class B common stock who is not an A/N Party is not entitled to any vote on any matter with respect to any Charter Class B common stock held by such holder (other than as required by law). 
 Notwithstanding the foregoing, the existing stockholders agreement (as amended by the stockholders and letter agreement amendment) imposes a voting cap with respect to A/N and Liberty Broadband.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Holders of shares of Charter Series A cumulative redeemable preferred stock will be entitled to one-third of a vote per share for each share of such stock held, subject to adjustment in accordance with the certificate of designations.                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Holders of shares of Charter Class A common stock, Charter Class B common stock and Series A cumulative redeemable preferred stock will vote as one class on all matters that are submitted to a vote of stockholders unless a separate class vote is required by the terms of the Charter certificate of designations, the Charter certificate of incorporation or the DGCL.                                                                                                                                                                                                                                                                                                         |

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TABLE OF CONTENTS

|                            |     | Rights of Existing Liberty Broadband Stockholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     | Rights of Charter Stockholders                                                                                                                                                                                           |
| Cumulative Voting          |     | The DGCL provides that there is no cumulative voting unless expressly authorized in the certificate of incorporation. The Liberty Broadband certificate of incorporation does not provide for cumulative voting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     | The DGCL provides that there is no cumulative voting unless expressly authorized in the certificate of incorporation. The Charter certificate of incorporation does not provide for cumulative voting.                   |
| Size of Board of Directors |     | The Liberty Broadband certificate of incorporation provides that, subject to any rights of the holders of any series of preferred stock of Liberty Broadband to elect additional directors, the number of directors on the Liberty Broadband Board will not be less than three and the exact number will be fixed from time to time by a resolution adopted by the affirmative vote of not less than 75% of the Liberty Broadband Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | The Charter