UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 20, 2010
Level 3 Communications, Inc.
(Exact name of Registrant as specified in its charter)
Delaware | | 0-15658 | | 47-0210602 |
(State or other | | (Commission File | | (IRS employer |
jurisdiction of incorporation) | | Number) | | Identification No.) |
1025 Eldorado Blvd., Broomfield, Colorado
(Address of principal executive offices) | | 80021 (Zip code) |
720-888-1000
(Registrant’s telephone number including area code)
Not applicable
(Former name and former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
Level 3 Communications, Inc. (“Level 3” or “we” or “us” or “our”) held its 2010 annual meeting of stockholders on May 20, 2010. At the meeting, stockholders present in person or by proxy voted on the matters described below. The votes noted below are the final voting results.
1. Stockholders elected each of the 14 directors named below to our Board of Directors (our “Board”) to hold office until the annual meeting of stockholders in 2011 or until his successor is elected and qualified, based on the following votes:
| | For | | Against/Withheld | | Abstain | | Broker Non-Votes | |
Walter Scott, Jr. | | 1,145,259,411 | | 23,251,664 | | 0 | | 255,489,346 | |
James Q. Crowe | | 1,147,310,689 | | 21,200,386 | | 0 | | 255,489,346 | |
R. Douglas Bradbury | | 1,134,677,944 | | 33,833,131 | | 0 | | 255,489,346 | |
Douglas C. Eby | | 1,138,297,349 | | 30,213,726 | | 0 | | 255,489,346 | |
James O. Ellis, Jr. | | 1,148,861,176 | | 19,649,899 | | 0 | | 255,489,346 | |
Richard R. Jaros | | 1,141,987,420 | | 26,523,655 | | 0 | | 255,489,346 | |
Robert E. Julian | | 1,134,154,604 | | 34,356,471 | | 0 | | 255,489,346 | |
Michael J. Mahoney | | 1,151,299,591 | | 17,211,484 | | 0 | | 255,489,346 | |
Rahul N. Merchant | | 1,140,886,397 | | 27,624,678 | | 0 | | 255,489,346 | |
Charles C. Miller, III | | 1,146,145,792 | | 22,365,283 | | 0 | | 255,489,346 | |
Arun Netravali | | 1,151,339,306 | | 17,171,769 | | 0 | | 255,489,346 | |
John T. Reed | | 1,129,824,858 | | 38,686,217 | | 0 | | 255,489,346 | |
Michael B. Yanney | | 1,144,212,247 | | 24,298,828 | | 0 | | 255,489,346 | |
Dr. Albert C. Yates | | 1,147,343,131 | | 21,167,944 | | 0 | | 255,489,346 | |
2. Stockholders approved the grant of discretionary authority to our Board to effect a reverse stock split at one of four ratios, based on the following votes:
For | | Against | | Abstain | | Broker Non-Votes | |
1,383,829,818 | | 37,095,643 | | 3,074,960 | | 0 | |
3. Stockholders approved an amendment to our restated certificate of incorporation to increase the number of authorized shares of our common stock, par value $.01 per share, from 2.5 billion to 2.9 billion, based on the following votes:
For | | Against | | Abstain | | Broker Non-Votes | |
1,357,172,996 | | 63,689,364 | | 3,138,061 | | 0 | |
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4. Stockholders approved an amendment and restatement of the Level 3 Communications, Inc. 1995 Stock Plan (amended and restated as of April 1, 1998) to, among other things, extend the term of that plan to May 20, 2020 and to increase the number of shares of our common stock, par value $.01 per share reserved for issuance under the plan by 50 million, based on the following votes:
For | | Against | | Abstain | | Broker Non-Votes | |
915,762,877 | | 251,458,242 | | 1,289,956 | | 255,489,346 | |
Item 8.01. Other Matters
Attached as Exhibit 10.1 to this Current Report is the Level 3 Communications, Inc. Stock Plan, effective May 20, 2010. Also attached as exhibits to this Current Report are the forms of award agreements that have been updated to reflect administrative changes to the forms of award agreements required as a result of the amendments to the Level 3 Communication, Inc. Stock Plan. On May 20, 2010, the Compensation Committee of the Board and the full Board approved the form of Master Deferred Issuance Stock Agreement for Non-Employee Directors, which is filed as Exhibit 10.4 to this Current Report.
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired
None
(b) Pro Forma Financial Information
None
(c) Shell Company Transactions
None
(d) Exhibits
10.1 Level 3 Communications, Inc. Stock Plan, effective May 20, 2010.
10.2 Level 3 Communications, Inc. OSO Master Award Agreement
10.3 Level 3 Communications, Inc. Amended Master Deferred Issuance Stock Agreement
10.4 Level 3 Communications, Inc. Master Deferred Issuance Stock Agreement for Non-Employee Directors
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Level 3 Communications, Inc. |
| |
| By: | /s/ Neil J. Eckstein |
| Neil J. Eckstein, Senior Vice President |
Date: May 25, 2010
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Exhibit Index
Exhibit | | Description |
| | |
10.1 | | Level 3 Communications, Inc. Stock Plan, effective May 20, 2010. |
| | |
10.2 | | Level 3 Communications, Inc. OSO Master Award Agreement |
| | |
10.3 | | Level 3 Communications, Inc. Amended Master Deferred Issuance Stock Agreement |
| | |
10.4 | | Level 3 Communications, Inc. Master Deferred Issuance Stock Agreement for Non-Employee Directors |
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