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EX-99.1 - EX-99.1 - Level 3 Parent, LLCa16-20747_13ex99d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  March 16, 2017

 

Level 3 Communications, Inc.

(Exact name of Registrant as specified in its charter)

 

Delaware

 

1-35134

 

47-0210602

(State or other

 

(Commission File

 

(IRS employer

jurisdiction of incorporation)

 

Number)

 

Identification No.)

 

1025 Eldorado Blvd., Broomfield, Colorado
(Address of principal executive offices)

 

80021
(Zip code)

 

720-888-1000
(Registrant’s telephone number including area code)

 

Not applicable
(Former name and 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):

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

Level 3 Communications, Inc. (the “Company”), held its special meeting of stockholders on March 16, 2017 (the “Special Meeting”) to consider the matters relating to the proposed acquisition of the Company by CenturyLink, Inc.  At the meeting, stockholders present in person or by proxy voted on the matters described below.  The votes noted below are the final voting results.

 

There were 360,078,836 of our common stock entitled to vote at the Special Meeting and a total of 295,681,304 shares (approximately 82.12% of the outstanding common stock) were represented at the meeting in person or by proxy.

 

1)             To approve the proposal to adopt the Agreement and Plan of Merger, dated as of October 31, 2016, among Level 3 Communications, Inc. (“Level 3”), CenturyLink, Inc. (“CenturyLink”), Wildcat Merger Sub 1 LLC (“Merger Sub 1”) and WWG Merger Sub LLC, pursuant to which Merger Sub 1, a wholly owned subsidiary of CenturyLink, will merge with and into Level 3, with Level 3 surviving the merger as a wholly owned subsidiary of CenturyLink; and to approve the merger:

 

For

 

Against

 

Abstain

 

292,255,451

 

1,969,598

 

1,456,255

 

 

 

2)             To approve the proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Level 3’s named executive officers in connection with the merger, and the agreements and understandings pursuant to which such compensation may be paid or become payable:

 

For

 

Against

 

Abstain

 

284,982,877

 

8,050,764

 

2,647,663

 

 

3)             To approve the proposal to approve the adjournment or postponement of the special meeting, if necessary or appropriate to solicit proxies if there are not sufficient votes at the time of the special meeting to approve the merger proposal:

 

For

 

Against

 

Abstain

 

278,516,760

 

15,309,794

 

1,854,750

 

 

Item 8.01.  Other Events.

 

On March 16, 2017, the Company and CenturyLink, Inc. issued a joint press release announcing the results of the Special Meeting and the results of the special meeting of the shareholders of CenturyLink, Inc., a copy of which is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits.  The following exhibit is filed herewith:

 

Exhibit

 

 

Number

 

Description

 

 

 

99.1

 

Joint Press Release of Level 3 Communications, Inc. and CenturyLink, Inc. dated March 16, 2017.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

Level 3 Communications, Inc.

 

 

 

By:

/s/ Neil J. Eckstein

 

 

Neil J. Eckstein, Senior Vice President

 

 

Date: March 17, 2017

 

 

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Exhibit Index

 

Exhibit

 

Description

 

 

 

99.1

 

Joint Press Release of Level 3 Communications, Inc. and CenturyLink, Inc., dated March 16, 2017.

 

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