This Current Report on Form 8-K (this “Form 8-K”) is filed by Landmark Infrastructure Partners LP, a Delaware limited partnership (the “Partnership”), in connection with the matters described herein.
Supplement to Definitive Proxy Statement
This is a supplement to the Definitive Proxy Statement on Schedule 14A filed by Landmark Infrastructure Partners LP, a Delaware limited partnership (the “Partnership”), together with its general partner, Landmark Infrastructure Partners GP LLC, a Delaware limited liability company (the “Partnership GP”), and its subsidiaries Landmark Infrastructure REIT LLC, a Delaware limited liability company (“REIT LLC”), and Landmark Infrastructure Inc., a Delaware corporation (“REIT Subsidiary”, and together with the Partnership, the Partnership GP and REIT LLC, the “Partnership Parties”) with the Securities and Exchange Commission (the “SEC”) on October 25, 2021 (the “Definitive Proxy Statement”) that was mailed to unitholders in connection with the solicitation of proxies for use at a special meeting of Partnership unitholders scheduled to be held on December 9, 2021.
On August 21, 2021, Landmark Infrastructure Partners LP (the “Partnership”), together with its general partner, Landmark Infrastructure Partners GP LLC (the “Partnership GP”), and its subsidiaries Landmark Infrastructure REIT LLC (“REIT LLC”), and Landmark Infrastructure Inc. (“REIT Subsidiary”, and together with the Partnership, the Partnership GP and REIT LLC, the “Partnership Parties”), entered into a definitive Transaction Agreement (the “Transaction Agreement”) with LM DV Infrastructure, LLC (“LM DV Infra”), LM Infra Acquisition Company, LLC (“LM Infra”), Digital LD MergerCo LLC (“Merger Sub”), Digital LD MergerCo II LLC (“Merger Sub II”, and together with LM DV Infra, LM Infra and Merger Sub, the “Buyer Parties”), and, solely for purposes set forth therein, Landmark Dividend LLC (“Landmark Dividend”).
The Definitive Proxy Statement is amended and supplemented by, and should be read as part of, and in conjunction with, the information set forth in this Current Report on Form 8-K. Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings ascribed to those terms in the Definitive Proxy Statement.
The Partnership believes the Definitive Proxy Statement contains all material information required to be disclosed. However, to furnish further information to unitholders, we are providing certain additional disclosures (“Supplemental Disclosures”) in this supplement to the Definitive Proxy Statement.
The following underlined language is added to the fourth full paragraph on page 16 of the Definitive Proxy Statement concerning Background of the Transactions:
Prior to entering into the PSA with DigitalBridge, Landmark Dividend entered into customary non-disclosure agreements (some of which included so-called “Don’t Ask, Don’t Waive” provisions) with 39 potential acquirers of Landmark Dividend, pursuant to which such counterparties agreed to customary standstill provisions restricting their ability to purchase units of the Partnership.
The following underlined language is added to the fifth full paragraph on page 19 of the Definitive Proxy Statement concerning Background of the Transactions:
On August 5, 2021, Gibson Dunn had several calls with Simpson about the Melody Proposal, the Sponsor Proposal and the Counterproposal. Simpson reported that DigitalBridge and the Partnership GP, exercising the GP’s discretionary rights under the Partnership Agreement, did not plan to engage with Melody with respect to the Melody Proposal. Simpson confirmed that the Board had not authorized the Conflicts Committee to engage with Melody. Gibson Dunn requested, on behalf of the Conflicts Committee, for the Board to delegate authority to the Conflicts Committee so that the Conflicts Committee would be authorized to review, consider and evaluate transactions or proposals that may be proposed or presented to the Board by third parties unaffiliated with DigitalBridge, including with respect to the Melody Proposal. Simpson, on behalf of DigitalBridge and the Partnership GP and per the Partnership Agreement, rejected the request and indicated the request would not be reconsidered as DigitalBridge was not interested in selling the Partnership or its assets to any third party. Simpson, on behalf of DigitalBridge, inquired whether anything had changed with respect to the Conflicts Committee’s