INNOVATE Corp. Files Proxy Materials

TL;DR

INNOVATE Corp. (formerly HC2 Holdings) filed proxy docs, looks like standard shareholder stuff.

AI Summary

INNOVATE Corp. filed a Definitive Additional Materials proxy statement on May 20, 2024. This filing relates to the company's proxy materials, previously filed under the form type DEFA14A. The company was formerly known as HC2 Holdings, Inc. and PTGi HOLDING, INC. before name changes in 2016 and 2014 respectively.

Why It Matters

This filing indicates that INNOVATE Corp. is proceeding with its shareholder communication and voting processes, which are crucial for corporate governance and decision-making.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement update and does not appear to contain significant new risks or material changes.

Key Players & Entities

• INNOVATE Corp. (company) — Registrant
• HC2 HOLDINGS, INC. (company) — Former Company Name
• PTGi HOLDING, INC. (company) — Former Company Name
• 20240520 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — ock " means the common stock, par value $0.001 per share, of the Company (and any stoc

Filing Documents

• a2024defa14a-proxysuppleme.htm (DEFA14A) — 209KB
• innovateforproxy.jpg (GRAPHIC) — 17KB
• innovatelogo-notextjpg.jpg (GRAPHIC) — 49KB
• 0001006837-24-000081.txt ( ) — 301KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant o Check the appropriate box o Preliminary Proxy Statement o Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) o Definitive Proxy Statement Definitive Additional Materials o Soliciting Material Pursuant to 240.14a-12 INNOVATE Corp. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box) x No fee required. o Fee paid previously with preliminary materials o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. INNOVATE Corp. 295 Madison Avenue, 12th Fl New York, NY 10017 Supplement to the Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders to be held on June 13, 2024 Explanatory Note This proxy statement supplement (this "Supplement") supplements and amends the definitive proxy statement on Schedule 14A (the "Proxy Statement") filed with the Securities and Exchange Commission (the "SEC") on April 29, 2024. Following the filing of the Proxy Statement, it was discovered that the Second Amended and Restated INNOVATE Corp. 2014 Omnibus Equity Award Plan as amended by Proposal 6 (the "Plan") included as Exhibit A to the Proxy Statement inadvertently included a sentence in Section 5(a) that had previously been deleted from the Plan. This Supplement is being filed solely to replace the version of Plan attached as Exhibit A to the Proxy Statement with the version of the Plan attached hereto as Exhibit A in order to correct this error. Except as specifically discussed in this Explanatory Note, this Supplement does not otherwise modify or update any other disclosures presented in the Proxy Statement. This Supplement should be read together with the Proxy Statement, and, from and after the date of this Supplement, any references to the "Proxy Statement" shall be deemed to include the Proxy Statement as amended by this Supplement. If you have already voted by Internet, telephone, or by mail, you do not need to take any action unless you wish to change your vote. Proxy voting instructions already returned by shareholders (via Internet, telephone, or mail) will remain valid and will be voted at the Annual Meeting unless revoked. Important information regarding how to vote your shares and revoke proxies already cast is available in the Proxy Statement under the caption "General Information about the 2024 Annual Meeting." Exhibit A INNOVATE CORP. SECOND AMENDED AND RESTATED 2014 OMNIBUS EQUITY AWARD PLAN, AS AMENDED 1. Purpose . The purpose of this Second Amended and Restated INNOVATE Corp. 2014 Omnibus Equity Award Plan is to provide a means through which the Company and its Affiliates may attract and retain key personnel and to provide a means whereby directors, officers, employees, consultants and advisors (and prospective directors, officers, employees, consultants and advisors) of the Company and its Affiliates can acquire and maintain an equity interest in the Company, or be paid incentive compensation, including incentive compensation measured by reference to the value of Common Stock thereby strengthening their commitment to the welfare of the Company and its Affiliates and aligning their interests with those of the Company's shareholders. This Plan document is an omnibus document which includes, in addition to the Plan, separate sub-plans (" Sub Plans ") that permit offerings of grants to employees of certain Designated Foreign Subsidiaries. Offerings under the Sub Plans may be made in particular locations outside the United States of America and shall comply with local laws applicable to offerings in such foreign jurisdictions. The Plan shall be a separate and independent plan from the Sub Plans, but the total number of shares of Common Stock authorized to be issued under the Plan applies in the aggregate to both the Plan and the Sub Plans. 2. Definitions . The following definitions shall be applicable throughout the Plan. (a) " Affiliate " means (i) any person or entity that directly or indirectly controls, is controlled by or is under common control with the Company andor (ii) to the extent provided by the Committee, any person or entity in which the Company has a significant interest. The term "control" (including, with correlative meaning, the terms "controlled by" and "under common control with"), as applied to any person or entity, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person or entity, whether through the ownership of voting or other securities, by contract or otherwise. (b) " Award " me

View Full Filing

View this DEFA14A filing on SEC EDGAR