Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 344

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 344
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 be made a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “proceeding”) by reason of the fact that he, or a person for whom he is the legal representative, is or was a director or officer of Liberty Broadband or is or was serving at the request of Liberty Broadband as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust, enterprise or nonprofit entity, including service with respect to employee benefit plans, against all liability and loss suffered and expenses (including attorneys’ fees) incurred by such person. Liberty Broadband will be required to indemnify or make advances to a person in connection with a proceeding (or part thereof) initiated by such person only if the proceeding (or part thereof) was authorized by the Liberty Broadband Board. |     | The Charter bylaws provides that each person wo was or is made a party or is threatened to be made a party or is otherwise involved in any action, suit or proceeding by reason of the fact that he or she is or was a director or an officer of Charter, or is or was serving at the request of Charter as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan, will be indemnified and held harmless by Charter to the fullest extent authorized by the DGCL against all expense, liability and loss reasonably incurred or suffered by such indemnitee, provided that Charter will indemnify any such person in connection with a proceeding initiated by such a person only if such proceeding was authorized by the Charter Board. |
| Charter Amendments                                         |     | The Liberty Broadband certificate of incorporation provides that the affirmative vote of the holders of at least 66-2∕3% of the total voting power of the then outstanding voting securities entitled to vote thereon, voting together as a single class at a meeting specifically called for such purpose, is required to authorize the amendment, alteration or repeal of any provision of, or the addition or insertion of other provisions to, the Liberty Broadband certificate of incorporation; provided, however, that any amendment, alteration, repeal, addition or insertion (A) as to which the laws of the State of Delaware, as then in effect, do not require the consent of                                                                                                                                                                                                                                                                                                                                                                                                                                     |     | The Charter certificate of incorporation may be amended in any manner allowed under Delaware law. The DGCL provides that amendments to the