UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
June 8, 2011
Date of Report (Date of earliest event reported)
CLEARWIRE CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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1-34196
(Commission File Number)
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56-2408571
(IRS Employer
Identification No.) |
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4400 Carillon Point,
Kirkland, WA
(Address of principal executive offices)
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98033
(Zip Code) |
Registrants telephone number, including area code: (425) 216-7600
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01 |
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Regulation FD Disclosure. |
On June 1, 2011, Sprint Nextel Corporation, or Sprint, notified Clearwire Corporation, or
Clearwire, of its election to surrender Class B voting shares to reduce its voting interest in
Clearwire from approximately 54 percent to approximately 49.8 percent. This transaction does not
reduce Sprints economic interest in Clearwire and its subsidiaries, which remains approximately 54
percent.
The
Class B voting shares being surrendered by Sprint have full
voting rights, but only nominal economic
interests, which consist of the right to receive an amount equal to their $.0001 par value upon
surrender. Sprint will continue to hold the same economic interest in the company immediately
following the transaction by retaining all of its Class B interests in Clearwires operating
subsidiary, Clearwire Communications, LLC, or Clearwire LLC.
Following the transaction, Clearwire will have 666,067,592 million Class B voting shares
outstanding, and 743,481,026 million Class B interests of Clearwire LLC will remain outstanding.
The transaction does not materially affect the parties rights under the Equityholders Agreement
or the commercial agreements between Clearwire and Sprint. Sprints right to surrender Class B
voting shares is more fully described in Clearwires Form 8-K filed on December 13, 2010.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly
caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.
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CLEARWIRE CORPORATION
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Dated: June 8, 2011 |
By: |
/s/ Broady R. Hodder
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Broady R. Hodder |
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Senior Vice President and General Counsel |
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