8-KLeadership Changes

Liberty Media Corp 8-K Report, Executive Changes (Sep 24, 2019)

Filed September 24, 2019For Securities:FWONKFWONAFWONB

Summary

Liberty Media Corporation (FWONK) filed an 8-K on September 24, 2019, to announce significant management changes. Effective September 23, 2019, Richard N. Baer resigned from his positions as Chief Legal Officer and Chief Administrative Officer. This departure marks a shift in the company's legal and administrative leadership. Following Mr. Baer's resignation, Renee L. Wilm was appointed as the new Chief Legal Officer for Liberty Media Corporation, effective the same date. Ms. Wilm's responsibilities will extend to other related Liberty Media entities, including Qurate Retail, Inc., Liberty Broadband Corporation, Liberty TripAdvisor Holdings, Inc., and GCI Liberty, Inc. Her extensive background includes over twenty years of legal experience with Baker Botts L.L.P., where she specialized in mergers and acquisitions, capital structures, and corporate governance, and notably represented Liberty Media and its predecessors.

Key Highlights

  • 1Richard N. Baer resigned as Chief Legal Officer and Chief Administrative Officer, effective September 23, 2019.
  • 2Renee L. Wilm has been appointed as the new Chief Legal Officer for Liberty Media Corporation, effective September 23, 2019.
  • 3Ms. Wilm will also serve as Chief Legal Officer for several other Liberty Media-related companies: Qurate Retail, Inc., Liberty Broadband Corporation, Liberty TripAdvisor Holdings, Inc., and GCI Liberty, Inc.
  • 4Ms. Wilm brings over 20 years of legal experience, with a specialization in M&A, capital structures, and corporate governance.
  • 5Her prior role involved representing Liberty Media and its predecessors at the law firm Baker Botts L.L.P.
  • 6The filing is primarily focused on these executive and officer changes.
  • 7The report was filed on September 24, 2019, with information effective September 23, 2019.

Frequently Asked Questions

Liberty Media announced the resignation of Richard N. Baer as Chief Legal Officer and Chief Administrative Officer, effective September 23, 2019. Concurrently, Renee L. Wilm was appointed as the new Chief Legal Officer for Liberty Media Corporation and several related entities, also effective September 23, 2019.

Renee L. Wilm is a seasoned legal professional with over 20 years of experience at Baker Botts L.L.P. Her expertise lies in mergers and acquisitions, complex capital structures, shareholder arrangements, securities offerings, corporate governance, and securities law compliance. Notably, she represented Liberty Media and its predecessors for many years in her previous role.

Yes, Ms. Wilm's role as Chief Legal Officer extends beyond Liberty Media Corporation to include Qurate Retail, Inc., Liberty Broadband Corporation, Liberty TripAdvisor Holdings, Inc., and GCI Liberty, Inc.

The 8-K filing states that Richard N. Baer resigned from his positions, but it does not provide specific reasons for his departure.