--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-081846" form_type: "8-K" ticker: "FWONA" cik: "0001560385" company_name: "Liberty Media Corp" filed_at: "2023-07-18T23:59:59+00:00" generated_at: "2026-06-13T07:00:49.998061+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Liberty Media shareholders approve Braves split-off and tracking stock reclassification ## Summary - Split-off of Braves effective July 18, 2023; each Braves share exchanged one-for-one for Atlanta Braves Holdings shares. - Approximately 10.3M Series A, 981K Series B, and 50.4M Series C Braves Holdings shares outstanding post-split. - Reclassification effective Aug 3, 2023: each SiriusXM share becomes 1 new SiriusXM + 0.25 Liberty Live; each F1 share becomes 1 new F1 + 0.0428 Liberty Live. - Formula One Distribution of ~6.8M Braves C shares to F1 holders on July 19, 2023; ratio 0.02896 per F1 share. - Liberty Live stock to trade under LLYVA/LLYVK (A/C) and LLYVB (B) on Nasdaq/OTC; Braves Holdings BATRA/BATRK on Nasdaq, BATRB on OTC. ## SEC filing metadata - accession: 0001104659-23-081846 - form_type: 8-K - ticker: FWONA - cik: 0001560385 - company_name: Liberty Media Corp - filed_at: 2023-07-18T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/tm2320270d3_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-081846 - JSON: https://secwatch.observer/filing/0001104659-23-081846.json - Plain text: https://secwatch.observer/filing/0001104659-23-081846.txt ## Key facts - Shareholder Votes Liberty Media Corp shareholders approved The Split-Off Proposal to approve the redemption by the Company of each outstanding share of Liberty Braves common stock in exchange for one share of the corresponding series of common stock of Atlanta Braves Holdings, Inc. at the 2023-07-17 meeting. - Proposal: merger approval - Outcome: passed - Meeting: 2023-07-17 source text: At Liberty Media Corporation’s (the " Company ") special meeting of stockholders held on July 17, 2023 (the " Special Meeting "), the following proposals were considered and acted upon by the stockholders of the Company: (1) a proposal (the " Split-Off Proposal ") to approve the redemption by the Company of each outstanding share of Liberty Braves common stock in exchange for one share of the corresponding series of common stock of Atlanta Braves Holdings, Inc. evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm - Shareholder Votes Liberty Media Corp shareholders approved The Liberty SiriusXM Recapitalization Proposal to reclassify each outstanding share of Liberty SiriusXM common stock into one share of the corresponding series of new Liberty SiriusXM common stock and 0.2500 of a share of the corresponding series of Liberty Live common stock at the 2023-07-17 meeting. - Outcome: passed - Meeting: 2023-07-17 source text: 3. The Liberty SiriusXM Recapitalization Proposal Entitled to Vote Votes For Votes Against Abstentions Broker Non-Votes BATRA, BATRB, LSXMA, LSXMB, FWONA, FWONB 232,575,242 164,952 35,572 - evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm - Shareholder Votes Liberty Media Corp shareholders approved The Adjournment Proposal to approve the adjournment of the Special Meeting by the Company from time to time to solicit additional proxies at the 2023-07-17 meeting. - Outcome: passed - Meeting: 2023-07-17 source text: 5. The Adjournment Proposal Entitled to Vote Votes For Votes Against Abstentions Broker Non-Votes BATRA, BATRB, LSXMA, LSXMB, FWONA, FWONB 229,441,074 3,282,273 52,419 - evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm - Shareholder Votes Liberty Media Corp shareholders approved The Liberty Formula One Recapitalization Proposal to reclassify each outstanding share of Liberty Formula One common stock into one share of the corresponding series of new Liberty Formula One common stock and 0.0428 of a share of the corresponding series of Liberty Live common stock at the 2023-07-17 meeting. - Outcome: passed - Meeting: 2023-07-17 source text: 4. The Liberty Formula One Recapitalization Proposal Entitled to Vote Votes For Votes Against Abstentions Broker Non-Votes BATRA, BATRB, LSXMA, LSXMB, FWONA, FWONB 232,566,770 174,576 34,420 - evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm - Shareholder Votes Liberty Media Corp shareholders approved The Tracking Stock Proposal to approve the amendment and restatement of the Company’s restated certificate of incorporation to, among other things, following the completion of the Split-Off, reclassify the Company’s then-outstanding shares of common stock into three new tracking stocks at the 2023-07-17 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-07-17 source text: 2. The Tracking Stock Proposal Entitled to Vote Votes For Votes Against Abstentions Broker Non-Votes BATRA, BATRB, LSXMA, LSXMB, FWONA, FWONB 232,574,650 177,996 23,120 - evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.