Filed by the Registrant ☒
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Filed by a Party other than the Registrant ☐
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☐ |
Preliminary Proxy Statement
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☐ |
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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☒ |
Definitive Additional Materials
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☐ |
Soliciting Material Under Rule 14a-12
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No fee required.
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☐ |
Fee paid previously with preliminary materials.
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.
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5% Beneficial Owners
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Number of Shares
and Nature of
Beneficial Ownership
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Percent
of Class
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Ares Management LLC(a)
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35,205,132
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14.4%
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Glendon Capital Management, L.P.(b)
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21,324,539
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8.7%
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Cerberus Capital Management, L.P.(c)
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21,011,633
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8.6%
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The Vanguard Group(d)
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20,944,352
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8.6%
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Non-Employee Directors & Director Nominees(e)
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Kevin Beebe
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7,889
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*
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Lisa Chang
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7,694
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*
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Pamela Coe
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7,694
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*
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Stephen Pusey
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7,616
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*
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Margaret M. Smyth
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8,006
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*
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Maryann Turcke
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7,420
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*
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Prat Vemana
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7,616
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*
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Named Executive Officers and Directors & Executive Officers as a Group(f)
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Nick Jeffery(g)
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45,405
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*
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John Stratton(h)
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293,889
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*
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Scott Beasley
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26,032
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*
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Veronica Bloodworth
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35,794
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*
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Mark Nielsen
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22,778
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*
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Bernie Han(i)
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—
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*
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Sheldon Bruha(i)
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—
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*
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*
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All directors and executive officers as a group (21 persons)
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574,194
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0.2%
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* |
Less than 1%.
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(a) |
The number of shares is as of December 31, 2021 and based on a Schedule 13G/A filed on February 14, 2022 pursuant to a joint filing agreement by various affiliates of
Ares Management LLC. The business address of each of the beneficial owners is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.
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(b)
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The number of shares is as of December 31, 2021 and based on a Schedule 13G/A filed on February 14, 2022 by Glendon Capital Management, L.P. The
business address of the beneficial owners is 2425 Olympic Blvd., Suite 500E Santa Monica, CA 90404. Such Schedule 13G discloses that Glendon Capital Management, L.P. and Holly Kim Olson have shared voting and dispositive power over all of
such shares and that G2 Communications LP has shared voting and dispositive power over 18,734,431 of such shares.
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(c)
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The number of shares is as of December 31, 2021 and based on a Schedule 13G filed on February 14, 2022 by Cerberus Capital Management, L.P., the
investment manager to certain affiliated funds (collectively, the “Cerberus Funds”). Such 13G discloses that Cerberus Capital Management, L.P., as the investment manager to the Cerberus Funds, may be deemed to beneficially own these
securities. The business address of the beneficial owners is c/o Cerberus Capital Management, L.P., 875 Third Avenue, 11th Floor, New York, NY 10022.
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(d) |
The number of shares is as of December 31, 2021 and based on a Schedule 13G filed on February 9, 2022 by The Vanguard Group. The business address of the beneficial
owner is 100 Malvern Blvd., Malvern, PA 19355.
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(e) |
Amounts shown for each non-employee director consist solely of shares that may be acquired upon the vesting of restricted stock units on April 30, 2022.
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(f) |
Amounts shown for each executive officer, other than Mr. Stratton and Mr. Jeffery, consist solely of shares that may be acquired upon the vesting of restricted stock
units on April 30, 2022.
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(g) |
Consists solely of shares that were acquired upon the vesting of restricted stock units on March 4, 2022.
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(h) |
Consists of 288,889 shares that may be acquired upon the vesting of restricted stock units on April 30, 2022 and 5,000 shares purchased by Mr. Stratton in the open
market on December 17, 2021.
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(i) |
Based on information available to the Company as of the date of Mr. Han’s and Mr. Bruha’s respective departures from the Company.
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