Document:

Blucora, Inc. 8-K

Exhibit 10.1

 

Blucora Announces Appointment of Kan Kotecha
and Rick Leaman to the Board of Directors

New Directors Have Extensive Technology and
Capital Allocation Expertise

DALLAS, March 11, 2022 -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax-focused financial solutions, today announced the appointment of Kan Kotecha and Rick
Leaman to the Company’s Board of Directors, effective immediately. The appointments complete a search process initiated in 2021
by the Blucora Board of Directors, which was conducted with the input of Blucora’s shareholders and the assistance of a leading
executive search firm.

Mr. Kotecha is currently a Vice President of Engineering at Google
Inc. and previously served as Chief Technology Officer at Morgan Stanley Wealth Management where he led a team of over 600 professionals.
He brings to the Board extensive experience in technology, cybersecurity and large-scale systems integration.

Mr. Leaman joins the Board with over 30 years of experience in investment
banking, most recently as Managing Partner of Moelis & Co. Mr. Leaman also served as a Director on the Moelis & Co. board. His
specialized knowledge of capital markets and investment banking are beneficial to Blucora, particularly in relation to M&A, capital
allocation and other strategic initiatives.

“We are thrilled to welcome two highly qualified new members
to the Blucora Board. Both appointees bring valuable insight and experience – with Kan offering a perspective on technology, cybersecurity
and operational efficiency gleaned through his work at one of the largest wealth management firms in the world and Rick having extensive
capital markets, capital allocation and M&A expertise – that can meaningfully support our leadership team. We are very pleased
to have them join the Blucora Board and look forward to their contributions,” said Georganne Proctor, Blucora’s Chair of the
Board.

Chris Walters, Blucora’s President and Chief Executive Officer,
added, “The appointments of Rick and Kan further augment the substantial expertise of the Board, which has been highly engaged in
supporting our corporate strategy and focus on creating value for all our shareholders. We appreciate the input from a large portion of
our shareholder base as we considered these appointments.”

About Kan Kotecha

Mr. Kotecha currently serves as a Vice President of Engineering
at Google Inc., a role he has held since January 2015. As Vice President of Engineering, Mr. Kotecha is leading the digital transformation
of Google’s internal functions across Finance, HR, Legal, Marketing and Real Estate. Prior to this role, Mr. Kotecha served as Chief
Technology Officer at Morgan Stanley Wealth Management from May 2010 to December 2015, where he was integral to the successful integration
of Smith Barney, which was acquired by Morgan Stanley from Citigroup, with Morgan Stanley’s Wealth Management platform. From 1992
to 2009, Mr. Kotecha held multiple roles at Morgan Stanley ranging from technical infrastructure to application development throughout
the world, including in London, Zurich, Moscow and India. From 2009 to 2010, Mr. Kotecha served as lead for Corporate Engineering at Google London.
Mr. Kotecha serves as Vice Chair for the Special Olympics of New York. Mr. Kotecha holds a Bachelor of Science in Computer Science from
the University of Hertfordshire in the United Kingdom.

    	 	 	 

    	 

    

About Rick Leaman

Mr. Leaman has spent over 30 years in the investment banking industry,
most recently serving as Vice Chairman and Managing Director of Moelis & Company (NYSE: MC), an investment bank. From September 2015
to March 2019, Mr. Leaman served as Vice Chairman and Managing Director of Moelis & Company. From 2012 until September 2015, Mr. Leaman
served as Managing Partner of Moelis & Company. From 2010 until 2012, Mr. Leaman was a Managing Director at Moelis & Company.
He also served on its board of directors from April 2014 to July 2018. Mr. Leaman retired in 2019 and has overseen private investments
since that time. Mr. Leaman began his investment banking career at Smith Barney, Harris Upham & Co. Incorporated in 1986 and then
moved to Dillon Read & Company in 1993, until it was acquired by Swiss Bank Corporation in 1997. Swiss Bank Corporation merged with
Union Bank of Switzerland and was renamed UBS Group AG in 1998. While at UBS, Mr. Leaman served in various capacities, including Joint
Global Head of Mergers and Acquisitions, both Joint Global Head and Global Head of Investment Banking and Chairman of Investment Banking.
Mr. Leaman also served on the Group Management Board of UBS and on the Executive and Risk Committees of UBS Investment Bank. Mr. Leaman
left UBS to join Moelis & Company in 2010. Mr. Leaman received his A.B. in Economics and his MBA from Duke University.

About Blucora®

Blucora, Inc. (NASDAQ: BCOR) is a provider of data and technology-driven
solutions that empower people to improve their financial wellness. Blucora operates in two segments (i) wealth management, through its
Avantax Wealth Management and Avantax Planning Partners brands, with a collective $89 billion in total client assets as of December 31,
2021 and (ii) tax software, through its TaxAct business, a market leader in tax software with over 3 million consumer users and approximately
24,500 professional users in 2021. With integrated tax-focused software and wealth management, Blucora is uniquely positioned to assist
our customers in achieving better long-term outcomes via holistic, tax-advantaged solutions. For more information on Blucora, visit www.blucora.com.

Important Additional Information

Blucora, Inc. (the “Company”) intends to file a definitive
proxy statement, accompanying BLUE proxy card and other relevant documents with the Securities and Exchange Commission (the “SEC”)
in connection with the solicitation of proxies for the Company’s 2022 annual meeting of stockholders (the “Annual Meeting”).
BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE
SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY AMENDMENTS AND SUPPLEMENTS THERETO, BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Investors and stockholders will be able to obtain a copy of the definitive proxy statement and other documents filed by the
Company with the SEC free of charge from the SEC’s website at www.sec.gov. In addition, copies will be
available at no charge by selecting “SEC Filings” under “Financial Information” in the “Investors”
tab of the Company’s website at www.blucora.com.

    	 	 	 

    	 

    

The Company, its directors and certain of its executive officers
are participants in the solicitation of proxies from the Company’s stockholders in connection with the Annual Meeting. The names
of these directors and executive officers and their respective direct and indirect interests, by security holdings or otherwise, in the
Company are set forth in the Company’s Current Report on Form 8-K filed with the SEC on February 14, 2022 and subsequent filings
of Statements of Changes of Beneficial Ownership of Securities on Form 4.

 

Investors:

Dee Littrell

Investor Relations

(972) 870-6463

ir@blucora.com

 

Media:

Gagnier Communications

Dan Gagnier / Jeff Mathews

(646) 569-5897

blucora@gagnierfc.comEX-4.1

 EXHIBIT 4.1 

DESCRIPTION OF COMMON STOCK 
 General

 HF Sinclair Corporation (“HF Sinclair,” “we,” or “our”) is incorporated in the state of Delaware. The rights of our
stockholders are generally covered by Delaware law and our certificate of incorporation (“Certificate”) and by-laws (“By-Laws”) (each as amended and
restated and in effect as of the date hereof). The terms of our common stock are therefore subject to Delaware law, including the Delaware General Corporation Law (the “DGCL”), and the common and constitutional law of Delaware. 

This exhibit describes the general terms of our common stock. This is a summary and does not purport to be complete. Our Certificate and By-Laws as they exist on the date of this Current Report on Form 8-K are incorporated by reference or filed as an exhibit to the Current Report on Form 8-K of which this exhibit is a part, and amendments or restatements of each will be filed with the Securities and Exchange Commission (the “Commission”) in future periodic or current reports in accordance
with the rules of the SEC. You are encouraged to read those documents. 
 For more detailed information about the rights of our common stock, you should
refer to our Certificate, By-Laws and the applicable provisions of Delaware law, including the DGCL, for additional information. 

Common Stock 
 Our authorized common stock consists of
320,000,000 shares, par value $0.01 per share. 
 Dividend Rights 

Each share of our common stock is entitled to participate equally in dividends as and when declared by our Board of Directors. The payment of dividends on our
common stock may be limited by obligations we may have to holders of any preferred stock. 
 Voting Rights 

Holders of our common stock are entitled to one vote for each share held on all matters submitted to them. Holders of our common stock do not have cumulative
voting rights, meaning that holders of a majority of the shares of common stock voting for the election of directors can elect all the directors if they choose to do so. 

Liquidation Rights 
 If we
liquidate or dissolve our business, whether voluntarily or involuntarily, the holders of common stock will share ratably in the distribution of assets available for distribution to stockholders after creditors are paid and preferred stockholders, if
any, receive their distributions. 

 Other Matters 

The shares of common stock have no preemptive rights and are not convertible, redeemable or assessable or entitled to the benefits of any sinking fund. 

Anti-Takeover Provisions 
 Certain provisions of the DGCL,
our Certificate and our By-Laws summarized below may have an anti-takeover effect and may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider in his or her best
interest, including those attempts that might result in a premium over the market price for our common stock. 
 Preferred Stock

 Our authorized preferred stock consists of 5,000,000 shares, par value $1.00 per share, issuable in series. Our Board of Directors can, without
action by stockholders, issue one or more series of preferred stock. Our Board of Directors can determine for each series the number of shares, designation, relative voting rights, dividend rates, liquidation and other rights, preferences and
limitations. In some cases, the issuance of preferred stock could delay or discourage a change in control of us. 
 The issuance of preferred stock, while
providing desired flexibility in connection with possible acquisitions and other corporate purposes, could adversely affect the voting power of holders of our common stock. It could also affect the likelihood that holders of our common stock will
receive dividend payments and payments upon liquidation. 
 Stockholder Proposals and Director Nominations 

Our stockholders can submit stockholder proposals and nominate candidates for our Board of Directors if the stockholders follow advance notice procedures
described in our By-Laws. Generally, stockholders must submit a written notice between 90 and 120 days before the first anniversary of the date of our previous year’s annual stockholders’ meeting.

 The notice must set forth specific information regarding the stockholder and the proposal or director nominee, as described in our By-Laws. These requirements are in addition to those set forth in the regulations adopted by the SEC under the Securities Exchange Act of 1934. 

Proxy Access 
 Our By-Laws permit a stockholder, or a group of up to 20 stockholders (with funds having specified relationships constituting a single stockholder), owning 3% or more of our outstanding common stock continuously for at
least three years, to nominate and include in our proxy materials director nominees constituting up to the greater of two individuals or 20% of our Board of Directors (rounded down to the nearest whole number), provided that the stockholder(s) and
the nominee(s) satisfy the requirements specified in our By-Laws and subject to the other terms and conditions set forth in our By-Laws. A stockholder’s Proxy
Access Notice must be submitted not less than 120 calendar days before the first anniversary of the date our proxy statement was released to stockholders for the previous year’s annual stockholders’ meeting. 

 Stockholder Meetings; Action by Written Consent 

Pursuant to our By-Laws, special meetings of stockholders may be called by the Chief Executive Officer or at the
request in writing of a majority of our Board of Directors, a majority of the Executive Committee of HF Sinclair, or of stockholders owning a majority of the outstanding shares of our common stock. At any special meeting of the stockholders, only
such nominations or business may be conducted or considered as shall have been properly brought before the meeting pursuant to the notice of meeting. 
 Our
stockholders may act by written consent without a meeting, subject to the requirements in our By-Laws for setting a record date for the written consent. Any stockholder seeking to have the stockholders
authorize or take corporate action must request that our Board of Directors fix a record date. Such notice must include the same information required for a stockholder proposal and be submitted to our Board of Directors as described in our By-Laws. 
 Size of Board and Vacancies; Removal 

Our By-Laws provide that our Board of Directors will consist of between three and fourteen directors, as determined by
resolution of the Board. Directors are elected to hold office until the next annual meeting. Vacancies on our Board of Directors shall be filled by a majority of the directors then in office. 

Our By-Laws provide that at any meeting of the stockholders called for the purpose any director may, by vote of
stockholders entitled to cast a majority of the votes then entitled to vote in the election of directors, be removed from office with or without cause. 

Delaware Anti-takeover Statute 
 We
are a Delaware corporation and are subject to Section 203 of the DGCL. In general, Section 203 prevents us from engaging in a business combination with an “interested stockholder” (generally, a person owning 15% or more of our
outstanding voting stock) for three years following the time that person becomes a 15% stockholder unless one of the following is satisfied: 
  

	 	•	 	 before that person became a 15% stockholder, our Board of Directors approved the transaction in which the
stockholder became a 15% stockholder or approved the business combination; 

  

	 	•	 	 upon completion of the transaction that resulted in the stockholder becoming a 15% stockholder, the stockholder
owned at least 85% of our voting stock outstanding at the time the transaction began (excluding stock held by directors who are also officers and by employee stock plans that do not provide employees with the right to determine confidentially
whether shares held subject to the plan will be tendered in a tender or exchange offer); and 

  

	 	•	 	 after the transaction in which that person became a 15% stockholder, the business combination is approved by our
Board of Directors and authorized at a stockholders’ meeting by at least two-thirds of the outstanding voting stock not owned by the 15% stockholder. 

 Under Section 203, these restrictions also do not apply to certain business combinations proposed by a
15% stockholder following the disclosure of an extraordinary transaction with a person who was not a 15% stockholder during the previous three years or who became a 15% stockholder with the approval of a majority of our directors. This exception
applies only if the extraordinary transaction is approved or not opposed by a majority of our directors who were directors before any person became a 15% stockholder in the previous three years, or the successors of these directors. 

Other Provisions 

Our By-Laws provide that our By-Laws may be amended or
repealed, or new by-laws may be adopted, only by the affirmative vote of the holders of not less than a majority of the stock issued and outstanding and entitled to vote at any regular or special meeting of
the stockholders, if notice of the proposed alteration or amendment be contained in the notice of meeting, or by the affirmative vote of a majority of our Board of Directors. 

Our Certificate also provides that our Board of Directors is expressly authorized to amend or repeal our By-Laws. 

Listing 
 Our common stock is listed on the New York Stock
Exchange and trades under the symbol “DINO.” 
 Transfer Agent and Registrar 

EQ Shareowner Services is our transfer agent and registrar.

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