Liberty Media Acquisition Corp.
LIQUIDATION VOTE – 11/15/22 – LINK
- In connection with the approval and implementation of the Charter Amendment, the holders of 44,520,391 public shares of Series A common stock, par value $0.0001 per share, of the Company, exercised their right to redeem their shares for cash at a redemption price of approximately $10.07 per share
- Following such redemptions, 12,979,609 public shares of Series A Common Stock remain outstanding.
SUBSEQUENT EVENT – 9/29/22 – LINK
- The SPAC has determined that it is not feasible to complete an initial business combination (or enter into an agreement in principle with respect to an initial business combination) by January 26, 2023.
- In addition, recent changes in U.S. tax law could create corporate-level tax liabilities in connection with stockholder redemptions following year-end.
- As a result, LMAC has determined to seek the approval of its stockholders to complete an early unwind in 2022.
MANAGEMENT & BOARD
Executive Officers
Gregory B. Maffei, 60
Chief Executive Officer, President and Director
Mr. Maffei has served as a director and the President and Chief Executive Officer of LMC (including its predecessor) since May 2007, Liberty Broadband since June 2014 and GCI Liberty since March 2018. He has served as the President and Chief Executive Officer of Liberty TripAdvisor since July 2013 and as its Chairman of the Board since June 2015. Mr. Maffei also served as the President and Chief Executive Officer of Qurate Retail (including its predecessor) from February 2006 to March 2018, having served as its CEO-Elect from November 2005 through February 2006. Prior thereto, Mr. Maffei served as President and Chief Financial Officer of Oracle Corporation (“Oracle”), Chairman, President and Chief Executive Officer of 360networks Corporation (“360networks”), and Chief Financial Officer of Microsoft Corporation (“Microsoft”). As a director, Mr. Maffei has served as (i) Chairman of the Board of Qurate Retail since March 2018 and a director of Qurate Retail (including its predecessor) since November 2005, (ii) Chairman of the Board of Liberty TripAdvisor since June 2015 and a director since July 2013, (iii) a director of Liberty Broadband since June 2014, (iv) a director of GCI Liberty since March 2018, (v) the Chairman of the Board of Tripadvisor since February 2013, (vi) the Chairman of the Board of Live Nation since March 2013 and as a director since February 2011, (vii) the Chairman of the Board of Sirius XM since April 2013 and as a director since March 2009, (viii) a director of Zillow Group, Inc. since February 2015, having previously served as a director of its predecessor, Zillow, Inc., from May 2005 to February 2015, and (ix) a director of Charter since May 2013. Mr. Maffei served as (i) a director of DIRECTV and its predecessors from February 2008 to June 2010, (ii) a director of Electronic Arts, Inc. from June 2003 to July 2013, (iii) a director of Barnes & Noble, Inc. from September 2011 to April 2014, (iv) Chairman of the Board of Starz from January 2013 until its acquisition by Lions Gate Entertainment Corp. in December 2016 and (v) the Chairman of the Board of Pandora Media, Inc. from September 2017 to February 2019.
Brian J. Wendling, 48
Chief Accounting Officer and Principal Financial Officer
Mr. Wendling has served as Chief Accounting Officer and Principal Financial Officer of LMC, Qurate Retail, Liberty Broadband and GCI Liberty since January 2020 and July 2019, respectively. He previously served as Senior Vice President and Controller of each of LMC, Qurate Retail and Liberty Broadband from January 2016 to December 2019 and GCI Liberty from March 2018 to December 2019. In addition, Mr. Wendling has served as a Senior Vice President and Chief Financial Officer of Liberty TripAdvisor since January 2016, and he previously served as Vice President and Controller of Liberty TripAdvisor from August 2014 to December 2015. He previously served as Senior Vice President of Liberty Expedia Holdings, Inc. (“Liberty Expedia”) from March 2016 to July 2019, and Vice President and Controller of LMC (including its predecessor) from November 2011 to December 2015, Qurate Retail from November 2011 to December 2015 and Liberty Broadband from October 2014 to December 2015. Prior thereto, Mr. Wendling held various positions with LMC and Qurate Retail and their predecessors since 1999.
Albert E. Rosenthaler, 61
Chief Corporate Development Officer
Mr. Rosenthaler has served as Chief Corporate Development Officer of LMC, Qurate Retail, Liberty TripAdvisor and Liberty Broadband since October 2016 and GCI Liberty since March 2018. He previously served as Chief Corporate Development Officer of Liberty Expedia from October 2016 to July 2019 and Chief Tax Officer of LMC, Qurate Retail, Liberty TripAdvisor and Liberty Broadband from January 2016 to September 2016 and Liberty Expedia from March 2016 to September 2016. Prior to that, he served as a Senior Vice President of LMC (including its predecessor) from May 2007 to December 2015, Qurate Retail (including its predecessor) from April 2002 to December 2015, Liberty TripAdvisor from July 2013 to December 2015 and Liberty Broadband from June 2014 to December 2015. He holds a Bachelor of Arts degree from Olivet College and a Master of Accounting Science from the University of Illinois.
Renee L. Wilm, 46
Chief Legal Officer, Chief Administrative Officer and Director
Ms. Wilm has served as Chief Legal Officer of LMC, Qurate Retail, Liberty TripAdvisor, Liberty Broadband and GCI Liberty since September 2019. Previously, Ms. Wilm was a Senior Partner with the law firm Baker Botts L.L.P., where she represented LMC, Qurate Retail, Liberty TripAdvisor, Liberty Broadband and GCI Liberty and their predecessors for over twenty years, specializing in mergers and acquisitions, complex capital structures and shareholder arrangements, as well as securities offerings and matters of corporate governance and securities law compliance. At Baker Botts, Ms. Wilm was a member of the Executive Committee, the East Coast Corporate Department Chair and Partner-in-Charge of the New York office. Ms. Wilm holds a Bachelor of Business Administration with High Honors in Finance from Hofstra University and a Juris Doctorate from St. John’s University School of Law.
Board of Directors
Ajay Menon, 58
Director
Dr. Menon has served as President and Chief Executive Officer of Colorado State University Research Foundation (“CSURF”) since October 2019, where he is responsible for the protection, management and commercialization of intellectual property resulting from research at Colorado State University (“CSU”) and oversees the services that CSURF provides to both CSU and institutions affiliated with CSU. Dr. Menon served as Dean of CSU’s College of Agricultural Sciences and director of the Colorado Agriculture Experiment Station from July 2015 until August 2019. Dr. Menon served as Dean of CSU’s College of Business from July 2002 until June 2015. Dr. Menon’s teaching and research expertise lie in the areas of international marketing, new product development and management and strategic market planning. From November 2011 to August 2013, as appointed by the Governor of Colorado, Dr. Menon served as the state’s first Chief Innovation Officer. In that role, he helped establish and lead the Colorado Innovation Network to develop an ecosystem in Colorado that cultivates entrepreneurial and innovative activities. Dr. Menon has also served as a director on the boards of directors or advisors to for-profit and nonprofit organizations including the Colorado Innovation Network, Junior Achievement?—?Rocky Mountain, Inc., Colorado National Bancorp, World’s Fresh Waters, Chile, Convera Corp., Women’s Vision Foundation, Envirofit Corp. and the Better Business Bureau of Northern Colorado. Mr. Menon holds a Ph.D. in Marketing and joined CSU in 1991 as a member of the Marketing Department faculty.
Geoffrey Y. Yang, 61
Director
Mr. Yang has served as a founding partner and Managing Director of Redpoint Ventures (a global private equity and venture capital firm based in Menlo Park, California) since 1999. Mr. Yang also serves as CEO and founder of Performance Health Sciences (d/b/a Apeiron Life), located in Menlo Park, California. Prior to founding Redpoint, Mr. Yang previously served as a General Partner with Institutional Venture Partners (a private equity and venture capital firm in Menlo Park, California), which he joined in 1987. Mr. Yang has over 35 years of experience in the venture capital industry and has helped found or served on the boards of a variety of consumer media, internet, and infrastructure companies. Mr. Yang also has served as a director to the boards of directors of AT&T Inc. since June 2016 and Franklin Resources, Inc. since March 2011. Mr. Yang holds a B.S.E. in engineering from Princeton University and an M.B.A. from Stanford University.
John E. Welsh III, 69
Director
Mr. Welsh has served as a director of Liberty Broadband since November 2014. Mr. Welsh has served as the President of Avalon Capital Partners LLC, an investment firm, since 2002. He served as a director of CIP Management LLC from October 2000 to December 2002 and as Managing Director and Vice-Chairman of the Board of SkyTel Communications, Inc. from 1992 to 1999. Prior to 1992, Mr. Welsh was Managing Director of Investment Banking of Prudential Securities, Inc. and Co-Head of the Mergers and Acquisitions Department. Mr. Welsh served as a director of General Cable Corp. from 1997 to June 2018 and Chairman of the Board from August 2001 to June 2018. He also served as a director of Spreckels Industries, Inc. and York International, Inc. from 1996 to 2000, and Integrated Electrical Services Corp. from 2006 to 2013.
