SEC Contract Filing

Filing Date: 2015-10-16

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d58472dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXHIBIT 10.1 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>VOTING AND PROXY AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Voting and Proxy Agreement, dated October&nbsp;15, 2015 (this &#147;Agreement&#148;), is by and among the persons and entities listed on
Schedule A hereto (collectively, the &#147;Icahn Group&#148;, and individually a &#147;member&#148; of the Icahn Group) and TEGNA Inc. (the &#147;Company&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of and reliance upon the mutual covenants and agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">For as long as the Voting Obligation is in effect and there are Excess Shares, with respect to any matter to be voted on or consented to by stockholders of the Company, each member of the Icahn Group shall take all
action necessary to cause all Excess Shares (as defined below) to be voted (or exercise rights of consent in respect to) via the proxy mechanism set forth in Section&nbsp;2 below, including, without limitation, by obtaining (and providing a copy
thereof to the Company) a legal proxy from the broker, custodian or other person who has the power to grant such legal proxy with respect to such Excess Shares. The term &#147;Excess Shares&#148; means any shares of Voting Securities (as defined
below) that are beneficially owned by any member of the Icahn Group or any of their respective Affiliates in excess of 4.99% of the outstanding Voting Securities as of the time of determination of stockholders of the Company entitled to vote on (or
exercise rights of consent in respect to) any matter to be voted on or consented to by the stockholders of the Company and based on such number of outstanding shares as most recently disclosed by the Company in its filings with the Securities and
Exchange Commission. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Each member of the Icahn Group irrevocably and unconditionally grants to, and appoints, the Company as proxy and attorney-in-fact, for and in the name, place and stead of such member of the Icahn Group, to vote or cause
to be voted (including by proxy or written consent, if applicable) all Excess Shares in accordance with the Voting Obligation (as defined below); provided that such irrevocable proxy shall not apply so long as the Voting Obligation shall not apply
pursuant to Section&nbsp;4, and shall again be applicable if the Voting Obligation again becomes applicable pursuant to Section&nbsp;4. Each member of the Icahn Group hereby affirms that the foregoing proxy is coupled with an interest and, except as
provided in the proviso to the preceding sentence, is intended to be irrevocable. The Company shall vote (or exercise rights of consent in respect to) all Excess Shares in accordance with the Voting Obligation. The term &#147;Voting Obligation&#148;
means the obligation to vote (or exercise rights of consent in respect to) all Excess Shares in the same proportion as all other votes cast (or consents exercised) with respect to the applicable matter, with such proportion determined without
inclusion of the votes cast by members of the Icahn Group or any of their respective Affiliates. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Each member of the Icahn Group hereby represents, warrants, covenants and agrees that neither it nor any of its controlled Affiliates is or will be bound by any agreement that would interfere with the Voting Obligation
and that any proxies in respect of Excess Shares other than as set forth in this Agreement are revocable and hereby revokes such proxies. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">The Voting Obligation with respect to Excess Shares shall not apply at such time as (a)&nbsp;there is a change in Federal Communications Laws (as
defined in Article ELEVENTH </P></TD></TR></TABLE>

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of the Company&#146;s Third Restated Certificate of Incorporation) that eliminates any potential or actual