Liberty Media Files 8-K on Shareholder Votes
Ticker: FWONB · Form: 8-K · Filed: Jun 13, 2024 · CIK: 1560385
| Field | Detail |
|---|---|
| Company | Liberty Media CORP (FWONB) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, tracking-stock
Related Tickers: LMCA, LMCK, LMCB, FWONA, FWONK
TL;DR
Liberty Media filed an 8-K on shareholder votes for its SiriusXM, Live, and F1 tracking stocks.
AI Summary
Liberty Media Corporation filed an 8-K on June 13, 2024, reporting on matters submitted to a vote of security holders on June 10, 2024. The filing details various common stock classes for its Liberty SiriusXM Group, Liberty Live Group, and Liberty Formula One Group.
Why It Matters
This filing provides an update on corporate actions and voting matters for Liberty Media's various tracking stock groups, impacting shareholders of these distinct entities.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of voting matters and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Liberty Media Corporation (company) — Registrant
- June 10, 2024 (date) — Date of earliest event reported
- June 13, 2024 (date) — Date of report
- Liberty SiriusXM Group (company) — Tracking stock group
- Liberty Live Group (company) — Tracking stock group
- Liberty Formula One Group (company) — Tracking stock group
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders on June 10, 2024, but the specific details of these matters are not provided in the excerpt.
What are the different classes of common stock mentioned?
The filing mentions common stock classes for Liberty SiriusXM Group (Class Member, Class C Member, Class B Member), Liberty Live Group (Class Member, Class C Member), and Liberty Formula One Group (Class Member, Class C Member).
When was the earliest event reported in this 8-K?
The earliest event reported in this 8-K occurred on June 10, 2024.
What is the primary business of Liberty Media Corporation?
Liberty Media Corporation's Standard Industrial Classification is 'TELEVISION BROADCASTING STATIONS [4833]'.
What is the company's principal executive office address?
The company's business and mail address is 12300 LIBERTY BOULEVARD, ENGLEWOOD, CO 80112.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-06-12 18:57:10
Filing Documents
- lmca-20240610x8k.htm (8-K) — 73KB
- 0001560385-24-000015.txt ( ) — 261KB
- lmca-20240610.xsd (EX-101.SCH) — 6KB
- lmca-20240610_def.xml (EX-101.DEF) — 16KB
- lmca-20240610_lab.xml (EX-101.LAB) — 25KB
- lmca-20240610_pre.xml (EX-101.PRE) — 15KB
- lmca-20240610x8k_htm.xml (XML) — 14KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders At Liberty Media Corporation's (the " Company ") annual meeting of stockholders held on June 10, 2024, the following proposals were considered and acted upon by the stockholders of the Company: (1) a proposal to elect Brian M. Deevy, Gregory B. Maffei and Andrea L. Wong to continue serving as Class II members of the Company's board of directors until the 2027 annual meeting of stockholders or their earlier resignation or removal; (2) a proposal to ratify the selection of KPMG LLP as the Company's independent auditors for the fiscal year ending December 31, 2024 (the " auditors ratification proposal "); (3) a proposal to approve, on an advisory basis, the compensation of the Company's named executive officers as described in the definitive proxy statement relating to the Annual Meeting under the heading "Executive Compensation" (the " say-on-pay proposal "); and (4) a proposal to approve, on an advisory basis, the frequency at which future say-on-pay votes will be held (the " say-on-frequency proposal ") . The number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each proposal are set forth below. 1. Election of the following Nominees to the Company's Board of Directors Director Nominee Votes For Votes Withheld Broker Non-Votes Brian M. Deevy 254,987,156 5,045,861 10,683,190 Gregory B. Maffei 254,218,144 5,814,873 10,683,190 Andrea L. Wong 236,157,748 23,875,269 10,683,190 Accordingly, the foregoing nominees were re-elected to the Company's board of directors. 2. The Auditors Ratification Proposal Votes For Votes Against Abstentions Broker Non-Votes 266,123,051 4,450,690 142,466 – Accordingly, the auditors ratification proposal was approved. 3. The Say-On-Pay Proposal Votes For Votes Against Abstentions Broker Non-Votes 227,273,061 32,409,746 350,210 10,683,190 Accordingly, the say-on-pay prop