SEC Contract Filing

Filing Date: 2020-03-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>exhibit101elliottcoope.htm
<DESCRIPTION>EXHIBIT 10.1 COOPERATION AGREEMENT
<TEXT>
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<div><a name="sF14569ED480384E75CAC911D61CF927C"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Execution Version</font></div></div><div><br></div><div style="line-height:144%;padding-bottom:8px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Agreement (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), dated as of February 28, 2020, is by and among Elliott Investment Management L.P., a Delaware limited partnership, Elliott Associates, L.P., a Delaware limited partnership, and Elliott International, L.P., a Cayman Islands limited partnership (each, an &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Elliott Party</font><font style="font-family:inherit;font-size:11pt;">,&#8221; and, collectively, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Elliott Parties</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and Evergy, Inc., a Missouri corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;). In consideration of and reliance upon the mutual covenants and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the Elliott Parties and the Company agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:48px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:11pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">New Directors.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">New Director Appointments</font><font style="font-family:inherit;font-size:11pt;">. Simultaneously with the execution of this Agreement, the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Board</font><font style="font-family:inherit;font-size:11pt;">&#8221;) shall take such actions as are necessary to (i) increase the size of the Board by two (2) directors to a total of seventeen (17) directors and (ii)&#160;appoint each of Paul M. Keglevic and Kirkland B. Andrews (each, a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">New Director</font><font style="font-family:inherit;font-size:11pt;">&#8221; and, together, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">New Directors</font><font style="font-family:inherit;font-size:11pt;">&#8221;) as members of the Board, in each case, in accordance with the Company&#8217;s Amended and Restated Articles of Incorporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Articles</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the Company&#8217;s Amended and Restated By-laws (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Bylaws</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and the General and Business Corporation Law of Missouri, and effective on March 3, 2020. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Nomination of New Directors at the 2020 Annual Meeting</font><font style="font-family:inherit;font-size:11pt;">. The Company agrees that, provided that a New Director continues to be a Qualified Candidate (as defined below) and is able and willing to serve on the Board:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">at the Company&#8217;s 2020 Annual Meeting of Shareholders (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">2020 Annual Meeting</font><font style="font-family:inherit;font-size:11pt;">&#8221;), the Board will nominate such New Director as a director of the Company, with a term expiring at the Company&#8217;s 2021 Annual Meeting of Shareholders (the