# EDGAR Filing Document

**Accession Number:** 0001712184
**File Stem:** 0001712184-23-000112
**Filing Date:** 2023-3
**Character Count:** 7839
**Document Hash:** 76081d1753d149e597d1f56a13931b5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001712184-23-000112.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001712184-23-000112

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230320

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liberty Latin America Ltd.
- **CENTRAL INDEX KEY:** 0001712184
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38335
- **FILM NUMBER:** 23759949

**BUSINESS ADDRESS:**
- **STREET 1:** 1550 WEWATTA STREET
- **STREET 2:** SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-220-6600

**MAIL ADDRESS:**
- **STREET 1:** 1550 WEWATTA STREET
- **STREET 2:** SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LatAm Splitco Ltd.
- **DATE OF NAME CHANGE:** 20170718

?xml version="1.0" ? lila-20230320

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT** 

**PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of report (Date of earliest event reported): March 20, 2023** 

**LIBERTY LATIN AMERICA LTD.** 

(Exact Name of Registrant as Specified in Charter)

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| | | |
|:---|:---|:---|
| **Bermuda** | **001-38335** | **98-1386359** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (IRS Employer<br>Identification #) |

---

**Clarendon House, 2 Church Street,** 

**Hamilton HM 11, Bermuda** 

(Address of Principal Executive Office)

**(303) 925-6000** 

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbols** | **Name of Each Exchange on Which Registered** |
| Class A Common Shares, par value $0.01 per share | LILA | The NASDAQ Stock Market LLC |
| Class C Common Shares, par value $0.01 per share | LILAK | The NASDAQ Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

<u>2023 Annual Performance Bonus</u>

On March 20, 2023, the Compensation Committee (the "**Committee**") of the Board of Directors of Liberty Latin America Ltd. (the "**Company**") approved performance goals for the year ending December 31, 2023 for annual performance awards to its executive officers (the "**2023 Performance Awards**"), including those executive officers who were named executive officers in the Company's proxy statement for the 2022 annual general meeting of shareholders and those who are expected to be named executive officers in the Company's proxy statement for the 2023 annual general meeting of shareholders (collectively, the "**NEOs**").

Payment of the 2023 Performance Awards will be based on achievement of the following consolidated Company performance metrics for the year ending December 31, 2023:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• budgeted revenue growth, weighted 25%;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• budgeted operating free cash flow ("**OFCF**"), weighted 60%;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• governance objectives focused on compliance and improvements in the Company's internal control

framework, weighted 15%.

For purposes of the 2023 Performance Awards, OFCF means operating income before depreciation and amortization, share-based compensation, provisions and provision releases related to significant litigation, and impairment, restructuring and other operating items less property and equipment additions.

Based on the achievement of these performance metrics, a payout of up to 150% of the target bonus amount is available for over-performance against budget/target and no payout would be earned if the achievement is less than 25% of the Company's budgeted revenue growth or OFCF goals. The Company has also created a recognition program for high performers who are eligible to receive, based on personal performance, an increased bonus of 130% of the annual bonus result, subject to Committee approval.

In connection with the 2023 Performance Awards, the Company encourages increased share ownership among its executive team to enhance alignment between the executives and shareholder returns. As a result, the Committee implemented a shareholding incentive program that allows the Company's executive officers, including the NEOs, to receive up to 50% of their 2023 annual performance awards in Company common shares in lieu of cash. Executives electing common shares in respect of their 2023 Performance Awards will also receive restricted share units equal to 12.5% of the common shares they earn pursuant to the 2023 Performance Awards. The restricted share units vest one year after the grant date provided that the executive holds all of the common shares issued in respect of the 2023 Performance Awards through that period.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Exhibit Name</u> |
| 101.SCH | XBRL Inline Taxonomy Extension Schema Document. |
| 101.DEF | XBRL Inline Taxonomy Extension Definition Linkbase. |
| 101.LAB | XBRL Inline Taxonomy Extension Label Linkbase Document. |
| 101.PRE | XBRL Inline Taxonomy Extension Presentation Linkbase Document. |
| 104 | Cover Page Interactive Data File.\* (formatted as Inline XBRL and contained in Exhibit 101) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| LIBERTY LATIN AMERICA LTD. | LIBERTY LATIN AMERICA LTD. |
| By: | /s/ John M. Winter |
|  | John M. Winter |
|  | Senior Vice President, Chief Legal Officer & Secretary |

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Date: March 24, 2023