--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-26-059560" form_type: "8-K" ticker: "GLIBA" cik: "0002057463" company_name: "GCI Liberty, Inc." filed_at: "2026-05-12T22:25:31+00:00" generated_at: "2026-05-13T10:10:11.776893+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # GCI Liberty ends larger LLA deal; Malone to repurchase 6% LLA stake at $8.63/sh ($107M) ## Summary - Chairman John Malone terminated discussions for a larger strategic transaction with Liberty Latin America (LLA) due to obstacles. - Malone offered to buy GCI Liberty's 6% equity interest in LLA at $8.63/share, the same price paid last month, for $107M total. - Board accepted the offer; Malone states vision to split GCI Liberty into two business units under one umbrella. - Stockholders at May 11 annual meeting approved all proposals: director elections, KPMG ratification, say-on-pay every 3 years, and jury trial waiver. ## SEC filing metadata - accession: 0001104659-26-059560 - form_type: 8-K - ticker: GLIBA - cik: 0002057463 - company_name: GCI Liberty, Inc. - filed_at: 2026-05-12T22:25:31+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 3.03, 5.03, 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/tm2614435d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-059560 - JSON: https://secwatch.observer/filing/0001104659-26-059560.json - Plain text: https://secwatch.observer/filing/0001104659-26-059560.txt ## Key facts - Governance Changes GCI Liberty, Inc.: GCI Liberty terminated discussions with Chairman John Malone regarding a larger transaction and accepted his offer to repurchase the company's 6% equity interest in Liberty Latin America Ltd. at cost, although this is not an amendment to articles/bylaws, a fiscal year change, a code-of-ethics change. - Change: fiscal year change source text: GCI Liberty Provides Update Following Discussions with Chairman John Malone evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - Shareholder Votes GCI Liberty, Inc. shareholders approved Approval of adjournment of the Annual Meeting to permit further solicitation if necessary at the 2026-05-11 meeting. - Outcome: passed - Meeting: 2026-05-11 source text: 6. The Adjournment Proposal Votes For Votes Against Abstentions Broker Non-Votes 5,738,251 256,355 329 663,354 evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - Shareholder Votes GCI Liberty, Inc. shareholders approved Adoption of new article waiving jury trials for internal actions at the 2026-05-11 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2026-05-11 source text: 5. The Articles Amendment Proposal Votes For Votes Against Abstentions Broker Non-Votes 5,797,975 193,971 2,989 663,354 evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - Shareholder Votes GCI Liberty, Inc. shareholders approved Advisory approval of named executive officer compensation at the 2026-05-11 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2026-05-11 source text: 3. The Say-On-Pay Proposal Votes For Votes Against Abstentions Broker Non-Votes 4,975,149 1,013,589 6,197 663,354 evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - Shareholder Votes GCI Liberty, Inc. shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2026-05-11 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2026-05-11 source text: 4. The Say-On-Frequency Proposal 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 1,675,384 5,599 4,313,477 475 663,354 evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - Shareholder Votes GCI Liberty, Inc. shareholders approved Election of Class I directors: Richard R. Green and Jedd Gould at the 2026-05-11 meeting. - Proposal: director election - Outcome: passed - Meeting: 2026-05-11 source text: 1. Election of the following Nominees to the Company's Board of Directors Director Nominee Votes For Votes Withheld Broker Non-Votes Richard R. Green 5,509,444 485,491 663,354 Jedd Gould 5,807,726 187,209 evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm - Shareholder Votes GCI Liberty, Inc. shareholders approved Ratification of KPMG LLP as independent auditors for fiscal year 2026 at the 2026-05-11 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2026-05-11 source text: 2. The Auditors Ratification Proposal Votes For Votes Against Abstentions Broker Non-Votes 6,632,364 5,188 20,737 - evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926059560/0001104659-26-059560-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.