8-K
filed July 18, 2023, 7:59 PM ET
ticker BATRA
CIK 0001958140
other material
confidence high
sentiment neutral
materiality 0.80
Atlanta Braves Holdings, Inc. (BATRA): M&A transaction — Atlanta Braves Holdings completes split-off from Liberty Media, begins trading July 19
Atlanta Braves Holdings, Inc.
- Split-off effective 5:00 p.m. ET July 18, 2023; Braves Holdings now an independent public company.
- Series A (BATRA) and Series C (BATRK) start trading on Nasdaq July 19; Series B (BATRB) on OTC Markets.
- Outstanding shares: 10.3M Series A, 0.98M Series B, 50.4M Series C; Gregory Maffei named Chairman/CEO.
- New board of five directors appointed; Renee Wilm resigns as director but remains Chief Legal Officer.
- Q2 2023 earnings release due Aug 4 before market open; conference call at 10:00 a.m. ET that day.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gregory B. Maffei was appointed as Chief Executive Officer and President of the Company and Chairman of the Board at Atlanta Braves Holdings, Inc..
- Action
- appointed
- Role
- Chief Executive Officer and President of the Company and Chairman of the Board
Exact text from the filing
Gregory B. Maffei Age: 63 Chief Executive Officer and President of the Company and Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Renee L. Wilm resigned as Director at Atlanta Braves Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Renee L. Wilm resigned from the Board, effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Terence McGuirk was appointed as Director at Atlanta Braves Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Brian M. Deevy, Wonya Y. Lucas, Terence McGuirk and Diana M. Murphy were appointed to the Board of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian M. Deevy was appointed as Director at Atlanta Braves Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Brian M. Deevy, Wonya Y. Lucas, Terence McGuirk and Diana M. Murphy were appointed to the Board of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Diana M. Murphy was appointed as Director at Atlanta Braves Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Brian M. Deevy, Wonya Y. Lucas, Terence McGuirk and Diana M. Murphy were appointed to the Board of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wonya Y. Lucas was appointed as Director at Atlanta Braves Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Brian M. Deevy, Wonya Y. Lucas, Terence McGuirk and Diana M. Murphy were appointed to the Board of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Albert E. Rosenthaler was appointed as Chief Corporate Development Officer at Atlanta Braves Holdings, Inc..
- Action
- appointed
- Role
- Chief Corporate Development Officer
Exact text from the filing
Albert E. Rosenthaler Age: 63 Chief Corporate Development Officer of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Atlanta Braves Holdings, Inc.: Amended and Restated Articles of Incorporation providing for reclassification of common stock into Series A, B, C common stock (effective 2023-07-18).
- Change
- charter amendment
- Effective
- 2023-07-18
Exact text from the filing
On July 18, 2023, the Company filed its Amended and Restated Articles of Incorporation (the “Restated Charter”) with the Nevada Secretary of State, which became effective as of 4.01 p.m., New York City time on July 18, 2023. The Restated Charter provided for the reclassification of the Company’s then outstanding common stock, par value $0.01 per share, into the Company’s Series A common stock, Series B common stock and Series C common stock (collectively, the “Company Common Stock”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Atlanta Braves Holdings, Inc.: Amended and restated bylaws (effective 2023-07-18).
- Change
- bylaw amendment
- Effective
- 2023-07-18
Exact text from the filing
Also on July 18, 2023, effective as of the Effective Time, the Company amended and restated its bylaws (the “Bylaws”) to read as filed as Exhibit 3.2 to this Current Report on Form 8-K.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Atlanta Braves Holdings, Inc. completed a disposition involving Liberty Media Corporation (closed 2023-07-18).
- Action
- disposition
- Counterparty
- Liberty Media Corporation
- Closing
- 2023-07-18
Exact text from the filing
On July 18, 2023, at 5:00 p.m., New York City time (the “Effective Time”), Liberty Media Corporation (the “Liberty Media”) completed its previously announced split-off (the “Split-Off”) of its former wholly owned subsidiary Atlanta Braves Holdings, Inc. (“Company”).
View on SEC.gov
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