DEFA14A 1 d464178ddefa14a.htm DEFA14A DEFA14A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.     )

 

 

Filed by the Registrant  ☒                             Filed by a Party other than the Registrant  ☐

Check the appropriate box:

 

  Preliminary Proxy Statement
  Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
  Definitive Proxy Statement
  Definitive Additional Materials
  Soliciting Material Pursuant to §240.14a-12

Altaba Inc.

(Name of Registrant as Specified In Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

  No fee required.
  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
  (1)  

Title of each class of securities to which transaction applies:

 

     

  (2)  

Aggregate number of securities to which transaction applies:

 

     

  (3)  

Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

 

     

  (4)  

Proposed maximum aggregate value of transaction:

 

     

  (5)  

Total fee paid:

 

     

  Fee paid previously with preliminary materials.
  Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
  (1)  

Amount Previously Paid:

 

     

  (2)  

Form, Schedule or Registration Statement No.:

 

     

  (3)  

Filing Party:

 

     

  (4)  

Date Filed:

 

     

 

 

 

 


Dear [Shareholder],

As you may know, the Company’s annual shareholder meeting is being held on Tuesday, October 24. There are two proposals on the ballot to approve the Company’s investment advisory contracts with BlackRock and Morgan Stanley respectively; these are the contracts to manage the Company’s short-term debt portfolio. Although the vote for the proposals is running more than 99% in favor, for the proposals to pass they need a “40 Act majority” which means either a majority of all shares outstanding (we were at approximately 47.8% of all outstanding shares at last count) or 67% of the meeting quorum (we were at about 64% of quorum at last count). For technical reasons, shares that are voted by brokers on behalf of clients often come in without voting on these proposals (which is why we’re not at 67% of quorum).

While we are optimistic that we can eventually obtain the required vote for the advisory contracts given how strongly in favor the votes have been so far, extending the time to do so will involve administrative burden and expense for the Company that we would prefer to avoid if we can. Accordingly, if you haven’t instructed [your broker] on voting your shares yet, we wanted to ask if you could do so at least as to the advisory contracts (proposals 2 and 3), given the unusual 1940 Act approval requirement. We would really appreciate it, as your vote on those may be enough for the Company to avoid having to extend the voting period.

If either you or [your broker] has any questions at all about the proposals or the vote, please feel free to contact me. I’m also copying Chris Hayden from Georgeson, our proxy solicitor, in case he can be of any help to either of you with the logistics of voting. Thanks in advance for your consideration.

DeAnn Work

Chief Compliance Officer