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EX-99.1 - EX-99.1 - Lumos Networks Corp.d405053dex991.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): May 24, 2017

 

 

Lumos Networks Corp.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-35180   80-0697274

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

One Lumos Plaza, P.O. Box 1068, Waynesboro, Virginia 22980

(Address of Principal Executive Offices) (Zip Code)

(540) 946-2000

(Registrant’s telephone number, including area code)

N/A

(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):

 

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

 

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

 

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

 

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders

The following summarizes the voting results for the six proposals submitted for a vote of the stockholders at the 2017 Annual Meeting of Stockholders of Lumos Networks Corp. (the “Company”) held on May 24, 2017.

Proposal 1. To adopt the agreement and plan of merger ( the “Merger Agreement”) with MTN Infrastructure TopCo, Inc., a Delaware corporation (“Parent”), and MTN Infrastructure BidCo, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), pursuant to which, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company surviving the merger as a wholly-owned subsidiary of Parent (the “Merger”). This proposal was approved by the Company’s stockholders at the 2017 Annual Meeting.

The number of shares cast in favor and against the proposal and the number of abstentions and broker non-votes were as follows:

 

Votes For

     19,497,770  

Votes Against

     7,731  

Votes Abstained

     60,607  

Broker non-votes

     1,371,774  

Proposal 2. To approve a non-binding advisory resolution approving the Merger-related compensation of the Company’s named executive officers. This proposal was approved by the Company’s stockholders at the 2017 Annual Meeting.

The number of shares cast in favor and against the proposal and the number of abstentions and broker non-votes were as follows:

 

Votes For

     18,915,321  

Votes Against

     586,150  

Votes Abstained

     64,637  

Broker non-votes

     1,371,774  

Proposal 4. To elect Messrs. Peter D. Aquino, Lawrence J. Askowitz, Timothy G. Biltz, Robert E. Guth, Shawn F. O’Donnell, William M. Pruellage, Michael K. Robinson, Michael T. Sicoli and Jerry E. Vaughn to the Company’s Board of Directors to serve until the 2018 Annual Meeting of Stockholders or until their successors are duly elected and qualified. This proposal was approved by the Company’s stockholders at the 2017 Annual Meeting.

The number of shares cast in favor and against the proposal and the number of abstentions and broker non-votes were as follows:

 

Name

   Votes For      Votes
Against
     Abstentions      Broker
non-votes
 

Peter D. Aquino

     17,997,533        1,557,210        11,365        1,371,774  

Lawrence J. Askowitz

     19,503,891        47,686        14,531        1,371,774  

Timothy G. Biltz

     19,520,090        39,411        6,607        1,371,774  

Robert E. Guth

     19,496,389        58,354        11,365        1,371,774  

Shawn F. O’Donnell

     19,489,423        62,154        14,531        1,371,774  

William M. Pruellage

     19,501,132        55,442        9,534        1,371,774  

Michael K. Robinson

     18,093,746        1,462,825        9,537        1,371,774  

Michael T. Sicoli

     19,491,896        36,513        37,699        1,371,774  

Jerry E. Vaughn

     19,385,998        171,415        8,695        1,371,774  

Proposal 5. To approve a non-binding advisory resolution approving the compensation of the Company’s named executive officers. This proposal was approved by the Company’s stockholders at the 2017 Annual Meeting.

The number of shares cast in favor and against the proposal and the number of abstentions and broker non-votes were as follows:

 

Votes For

     19,254,067  

Votes Against

     300,206  

Votes Abstained

     11,835  

Broker non-votes

     1,371,774  


Proposal 6. To ratify the appointment by the Audit Committee of the Board of Directors of KPMG LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017. This proposal was approved by the Company’s stockholders at the 2017 Annual Meeting.

The number of shares cast in favor and against the proposal and the number of abstentions and broker non-votes were as follows:

 

Votes For

     20,919,156   

Votes Against

     13,268   

Votes Abstained

     5,458   

Broker non-votes

     0   

In connection with the 2017 Annual Meeting, the Company also solicited proxies with respect to Proposal 3 to approve the adjournment of the 2017 Annual Meeting to solicit additional proxies if the Company had not received proxies representing a sufficient number of votes to adopt the Merger Agreement. As there were sufficient votes at the time of the 2017 Annual Meeting to adopt the Merger Agreement, the adjournment proposal was rendered moot and was not presented at the 2017 Annual Meeting.

 

Item 8.01 Other Events

On May 24, 2017, the Company issued a press release announcing the voting results on the Merger Agreement at the 2017 Annual Meeting. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.

 

Item 9.01 Financial Statements and Exhibits

 

  (d) Exhibits

 

Exhibit
No.

  

Description

99.1    Press Release dated May 24, 2017


SIGNATURE

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.

Date: May 24, 2017

 

LUMOS NETWORKS CORP.
By:  

/s/ Johan G. Broekhuysen

 

Johan G. Broekhuysen

Executive Vice President, Chief Financial Officer and Chief Accounting Officer


EXHIBIT INDEX

 

Exhibit
No.

  

Description

99.1    Press Release dated May 24, 2017