Via Renewables Files Proxy Materials

TL;DR

Via Renewables dropped more proxy docs, check 'em.

AI Summary

Via Renewables, Inc. filed a Definitive Additional Materials proxy statement on May 23, 2024. This filing relates to the company's proxy materials, indicating it is providing supplementary information to shareholders. The company, formerly known as Spark Energy, Inc., is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing provides shareholders with additional information relevant to upcoming decisions or votes, ensuring transparency and informed participation in corporate governance.

Risk Assessment

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

Key Players & Entities

• Via Renewables, Inc. (company) — Registrant
• Spark Energy, Inc. (company) — Former company name
• 0001140361-24-027307 (filing_id) — Accession Number
• 20240523 (date) — Filing Date

FAQ

Filing Documents

• ef20029855_defa14a.htm (DEFA14A) — 28KB
• image00001.jpg (GRAPHIC) — 5KB
• 0001140361-24-027307.txt ( ) — 35KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION 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 Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Via Renewables, Inc. (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 all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. EXPLANATORY NOTE On March 28, 2024, Via Renewables, Inc., a Delaware corporation (the " Company "), filed with the U.S. Securities and Exchange Commission (the " SEC ") a definitive proxy statement for the Special Meeting of Shareholders to be held on May 23, 2024 at 10:00 AM Central Time (the " Definitive Proxy Statement "). The Company is filing these additional definitive proxy materials on May 23, 2024 (this " Proxy Statement Supplement ") to amend and supplement certain information in the Definitive Proxy Statement. Defined terms used in this Proxy Supplement but not defined herein have the meanings given to them in the Definitive Proxy Statement, which should be read in its entirety in conjunction with this Proxy Supplement. VIA RENEWABLES, INC. 12140 Wickchester Ln., Suite 100 Houston, Texas 77079 SUPPLEMENT TO DEFINITIVE PROXY STATEMENT FOR SPECIAL MEETING OF SHAREHOLDERS OF VIA RENEWABLES, INC. May 23, 2024 VIA Announces Adjournment of Special Meeting of Shareholders to June 7, 2024 at 10:00 AM Central Time to Allow Additional Time for Shareholders to Vote "FOR" the Merger HOUSTON, May 23, 2024 (ACCESSWIRE) – Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ: VIA; VIASP), an independent retail energy services company, announced today that it convened its Special Meeting of Shareholders on May 23, 2024, and a proposal to adjourn the meeting was approved in order to provide shareholders with additional time to vote on the Merger Proposal. The Special Meeting will be reconvened on June 7, 2024 at 10:00 AM Central Time exclusively via live webcast at www.virtualshareholdermeeting.com/VIA2024SM. The matters of business before the reconvened Special Meeting will be to approve the Merger Proposal and the Compensation Proposal. Capitalized terms used but not defined in this communication have the meanings given to them in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on March 28, 2024 under Regulation 14A of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Shareholders have thus far strongly supported the Merger Proposal and the Compensation Proposal. While the votes FOR the Merger Proposal easily satisfied the majority of issued and outstanding shares of common stock standard of approval required by Delaware law, such votes did not satisfy the "majority of the minority" vote requirement set forth in the merger agreement, which is a non-waivable condition requiring that the Merger Proposal be approved by a majority of the holders of the issued and outstanding shares of the Company's Class A and Class B common stock at the close of business on March 25, 2024 (the "Record Date"), other than shares (i) held (a) by the Company or any subsidiary of the Company, or (b) held or beneficially owned by William Keith Maxwell, III and any person or entity controlled by Mr. Maxwell, including Parent, Merger Sub and NuDevco Retail, LLC (the "Excluded Shares"); and (ii) any shares held by any (a) member of the Company's Board of Directors, (b) any "officer" of the Company (as defined by Rule 16a-1(f) under the Exchange Act), and (c) any immediate family members of the foregoing individuals" (the "Insider Shares"). At the time the Special Meeting was convened on May 23, 2024, (i) over 81% of the issued and outstanding shares of the Company's Class A and Class B common stock, at the close of business on the Record Date, voted FOR the Merger Proposal, (ii) over 44% of the issued and outstanding shares of the Company's Class A and Class B common stock, other than Excluded Shares and Insider Shares, at the close of business on the Record Date, voted FOR the Merger Proposal, and (iii) over 78% of the votes cast by holders of shares of the Company's Class A and Class B common stock, other than Excluded Shares and Insider Shares, at the close of business on the Record Date, voted FOR the Merger Proposal. The record date for determining Class A common stock and Class B common stock shareholders eligible to vote on the Merger Proposal and Compensation Proposal at

View Full Filing

View this DEFA14A filing on SEC EDGAR