# EDGAR Filing Document

**Accession Number:** 0001702780
**File Stem:** 0000947871-23-000261
**Filing Date:** 2023-3
**Character Count:** 13388
**Document Hash:** dd3c6b3b023b8e2d2e1b86006a9bfe7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-23-000261.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0000947871-23-000261

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230302

**DATE AS OF CHANGE**: 20230302

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Altice USA, Inc.
- **CENTRAL INDEX KEY:** 0001702780
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **IRS NUMBER:** 383980194
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90339
- **FILM NUMBER:** 23696409

**BUSINESS ADDRESS:**
- **STREET 1:** 1 COURT SQUARE WEST
- **CITY:** LONG ISLAND CITY
- **STATE:** NY
- **ZIP:** 11101
- **BUSINESS PHONE:** (516) 803-2300

**MAIL ADDRESS:**
- **STREET 1:** 1 COURT SQUARE WEST
- **CITY:** LONG ISLAND CITY
- **STATE:** NY
- **ZIP:** 11101
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Altice USA, Inc.
- **CENTRAL INDEX KEY:** 0001702780
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **IRS NUMBER:** 383980194
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1 COURT SQUARE WEST
- **CITY:** LONG ISLAND CITY
- **STATE:** NY
- **ZIP:** 11101
- **BUSINESS PHONE:** (516) 803-2300

**MAIL ADDRESS:**
- **STREET 1:** 1 COURT SQUARE WEST
- **CITY:** LONG ISLAND CITY
- **STATE:** NY
- **ZIP:** 11101

**SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549**

**SCHEDULE TO/A**

**(Rule 13e-4)**

**Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)<br> of the Securities Exchange Act of 1934**

**(Amendment No. 2)**

**ALTICE USA, INC.**

(Name of Subject Company (Issuer) and Name of Filing Person (Offeror))

**Stock Options to Purchase Class A Common Stock, Par Value $0.01 Per Share**

(Title of Class of Securities)

**02156K103**

(CUSIP Number of Class of Securities)

**Michael E. Olsen**

**Executive Vice President, General Counsel and Secretary**

**Altice USA, Inc.**

**1 Court Square West**

**Long Island City, NY 11101**

**Tel: 516-803-2300**

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Person)

Copy to:

**Gillian Emmett Moldowan**

**Scott Petepiece**

**Derrick Lott**

**Richard Alsop**

**Shearman & Sterling LLP**

**599 Lexington Avenue**

**New York, NY 10022**

**Telephone: +1 (212) 848-4000**

⌧ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing
with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule
and date of its filing.

Amount Previously Paid: $2,480.91 Filing Party: Altice USA, Inc.

Form or Registration No.: Schedule TO-I Date Filed: January 23, 2023

□ Check the box if the filing relates solely to preliminary communications made before the commencement of
a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

□ third-party tender offer subject to Rule 14d-1.

⌧ issuer tender offer subject to Rule 13e-4.

□ going-private transaction subject to Rule 13e-3.

□ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ⌧

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

□ Rule 13e-4(i) (Cross-Border Issuer Tender Offer).

□ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer).

This Amendment No. 2 to Schedule TO (together with any exhibits and annexes attached hereto, this "***Amendment No. 2***"), is filed by Altice USA, Inc., a Delaware corporation (the "***Company***"), and amends and supplements the Tender Offer Statement on Schedule TO filed by the Company with the Securities and Exchange Commission on January 23, 2023 (together with any amendments and supplements thereto, the "***Schedule TO***"). The Schedule TO relates to an offer (the "***Exchange Offer***") to provide eligible employees (which includes current employees of the Company and its wholly owned subsidiaries and excludes all members of the Company's Board of Directors (including its Executive Chairman), the Chief Executive Officer of the Company (the "***CEO***") and his direct reports who have employment agreements and all employees of non-wholly owned subsidiaries of the Company) with the opportunity to exchange outstanding eligible stock options for a number of restricted stock units and deferred cash-denominated awards, upon the terms and subject to the conditions set forth in the Offer to Exchange Eligible Options for Replacement Awards dated January 23, 2023 (the "***Offer to Exchange***"), including the Offering Memorandum beginning on page 17 thereof (the "***Offering Memorandum***"), and the Election Form on the Exchange Offer Website, attached as Exhibits (a)(1)(A) and (a)(1)(C), respectively, to the Schedule TO and incorporated herein by reference.

This Amendment No. 2 is the final amendment to the Schedule TO and is being made to report the results of the Exchange Offer. Except as otherwise set forth in this Amendment No. 2, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment No. 2. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO.

***Items 1 through 9; Item 11.***

The Offer to Exchange and Items 1 through 9 and Item 11 of the Schedule TO, to the extent such Items 1 through 9 and Item 11 incorporate by reference the information contained in the Offer to Exchange, are hereby amended and supplemented by adding the following paragraph thereto:

"The Exchange Offer expired at 5:00 p.m. Eastern Time on March 1, 2023. Pursuant to the terms and conditions of the Offer to Exchange, the Company accepted for exchange, in the aggregate, Eligible Options to purchase 24,015,508 shares of the Company's Class A common stock, representing approximately 89.3% of the total shares of Class A common stock underlying the Eligible Options. Upon expiration of the Exchange Offer, all tendered Eligible Options were cancelled, and subject to the terms of the Offer to Exchange and the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended, the Company will promptly grant 3,430,433 restricted stock units and $34,309,284 of deferred cash-denominated awards, representing all the Replacement Awards granted in exchange for the tendered Eligible Options. The vesting terms of the Replacement Awards are described in detail in the Offer to Exchange."

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 2, 2023

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| | |
|:---|:---|
| **ALTICE USA, INC.** | **ALTICE USA, INC.** |
| By: | /s/ Michael E. Olsen |
| Name: | Michael E. Olsen |
| Title: | Executive Vice President, General Counsel and Secretary |

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| ***Index No.*** | ***Description.*** |
| (a)(1)(A) | [Offer to Exchange Eligible Options for Replacement Awards, dated January 23, 2023.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1a.htm)\* |
| (a)(1)(B) | [Form of Announcement Email to Eligible Participants.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1b.htm)\* |
| (a)(1)(C) | [Election Form on the Exchange Offer Website.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1c.htm)\* |
| (a)(1)(D) | [Form of Confirmation Email to Eligible Participants.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1d.htm)\* |
| (a)(1)(E) | [Form of Reminder Email.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1e.htm)\* |
| (a)(1)(F) | [Form of Final Reminder Email.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1f.htm)\* |
| (a)(1)(G) | [Form of Notice of Expiration of Exchange Offer Email.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1g.htm)\* |
| (a)(1)(H) | [Screenshots from the Exchange Offer Website.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1h.htm)\* |
| (a)(1)(I) | [Employee Informational Presentation.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1i.htm)\* |
| (a)(1)(J) | [Summary Term Sheet—Questions and Answers, incorporated herein by reference to pages 4 through 16 of Exhibit (a)(1)(A) to this Schedule TO.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1a.htm) |
| (a)(1)(K) | [Form of Restricted Stock Unit Award Agreement for Replacement Awards under the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1k.htm)\* |
| (a)(1)(L) | [Form of Deferred Cash-Denominated Award Agreement for Replacement Awards under the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1l.htm)\* |
| (a)(2) | Not applicable. |
| (a)(3) | Not applicable. |
| (a)(4) | [Offer to Exchange Eligible Options for Replacement Awards, dated January 23, 2023, incorporated herein by reference to Exhibit (a)(1)(A) to this Schedule TO.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex99a1a.htm) |
| (a)(5) | [Definitive Information Statement on Schedule 14C filed with the SEC on December 30, 2022 and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1702780/000094787122001264/ss1632559_def14c.htm) |
| (b) | Not applicable. |
| (d)(1) | [Amended and Restated Stockholders and Registration Rights Agreement, dated June 7, 2018, by and among Altice USA, Inc. and the stockholders party thereto (incorporated herein by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K (File No. 001-38126) filed on June 13, 2018).](https://www.sec.gov/Archives/edgar/data/1702780/000110465918039903/a18-15277_1ex4d1.htm) |
| (d)(2) | [Stockholders' Agreement, dated June 7, 2018, by and among Altice USA, Inc., Next Alt S.à r.l. and A4 S.A. (incorporated herein by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (File No. 001-38126) filed on June 13, 2018).](https://www.sec.gov/Archives/edgar/data/1702780/000110465918039903/a18-15277_1ex10d1.htm) |
| (d)(3) | [Altice USA 2017 Long Term Incentive Plan, as amended (incorporated herein by reference to Exhibit 99.1 of the Company's Registration Statement on Form S-8 (File No. 333-228907) filed on December 19, 2018).](https://www.sec.gov/Archives/edgar/data/1702780/000094787118000981/ss118255_ex9901.htm) |
| (d)(4) | [Altice USA 2017 Long Term Incentive Plan, Form of Nonqualified Stock Option Award Agreement (incorporated herein by reference to Exhibit 99.1 of the Company's Current Report on Form 8-K (File No. 001-38126) filed on January 3, 2018).](https://www.sec.gov/Archives/edgar/data/1702780/000094787118000007/ss73892_ex9901.htm) |
| (d)(5) | [Altice USA 2017 Long Term Incentive Plan, Form of Nonqualified Stock Option Award Agreement (incorporated herein by reference to Exhibit 99.1 of the Company's Form 10-Q (File No. 001-38126) filed on May 1, 2020).](https://www.sec.gov/Archives/edgar/data/1702780/000162828020006001/exhibit991formofnonqua.htm) |
| (d)(6) | [Altice USA 2017 Long Term Incentive Plan, as amended (incorporated herein by reference to Exhibit 99.1 of the Company's Form S-8 (File No. 333-239085) filed on June 10, 2020).](https://www.sec.gov/Archives/edgar/data/1702780/000162828020009217/exhibit991forforms-8june20.htm) |

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| | |
|:---|:---|
| (d)(7) | [Altice USA 2017 Long Term Incentive Plan, Form of Nonqualified Stock Option Award Agreement (incorporated herein by reference to Exhibit 10.1of the Company's Current Report on Form 8-K (File No. 001-38126) filed on December 30, 2021).](https://www.sec.gov/Archives/edgar/data/1702780/000162828021025689/exhibit101formofnonqualifi.htm) |
| (d)(8) | [Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended (incorporated herein by reference to Exhibit 99.1 of the Company's Form S-8 (File No. 333-265631) filed on June 15, 2022).](https://www.sec.gov/Archives/edgar/data/1702780/000162828022017240/exhibit991forforms-8june20.htm) |
| (d)(9) | [Transition Agreement, dated February 22, 2023, between Altice USA, Inc. and Michael Grau.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000217/ss1795616_ex99d9.htm)\* |
| (g) | Not applicable. |
| (h) | Not applicable. |
| 107 | [Filing Fee Table.](https://www.sec.gov/Archives/edgar/data/1702780/000094787123000082/ss1684786_ex107.htm)\* |
| &nbsp;&nbsp; ____________________<br>\*Previously filed.<br> \*\*Filed herewith. | &nbsp;&nbsp; ____________________<br>\*Previously filed.<br> \*\*Filed herewith. |

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