WBD Warner Bros. Discovery, Inc. - 8-K

Item 5.07

Submission of Matters to a Vote of Security Holders.

On April 23, 2026, Warner Bros. Discovery, Inc. (“WBD”) held a special meeting of stockholders (the “Special Meeting”), in connection with the Agreement and Plan of Merger, dated as of February 27, 2026 (as it may be amended from time to time, the “Merger Agreement”), by and among WBD, Paramount Skydance Corporation (“PSKY”) and Prince Sub Inc. (“Merger Sub”), pursuant to which and subject to the terms and conditions therein, at the effective time of the Merger (as defined below), Merger Sub will merge with and into WBD, with WBD surviving as a wholly owned subsidiary of PSKY (the “Merger”).

The following matters were submitted to a vote of the WBD stockholders at the Special Meeting: (1) a proposal to adopt the Merger Agreement and (2) a proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to WBD’s named executive officers that is based on or otherwise relates to the Merger. These proposals are described in more detail in the definitive proxy statement filed by WBD with the Securities and Exchange Commission on March 26, 2026. The proposal to adopt the Merger Agreement was approved by the requisite vote of the WBD stockholders.

As of 5:00 p.m. Eastern Time on March 20, 2026, the record date for the Special Meeting, there were 2,506,768,389 outstanding shares of WBD’s Series A common stock, par value $0.01 per share (“WBD Common Stock”), constituting all of the outstanding voting securities of WBD. 1,761,474,343 shares of WBD Common Stock, or approximately 70.3% of the outstanding shares of WBD Common Stock, were present virtually or represented by proxy at the Special Meeting, constituting a quorum.

Each share of WBD Common Stock is entitled to one vote. Set forth below is the number of votes cast for or against, as well as the number of abstentions, as to each such matter.

Proposal No.  1 :

The holders of WBD Common Stock approved the adoption of the Merger Agreement, which provides for the Merger pursuant thereto. The table below sets forth the voting results for this proposal:

For

Against

Abstain

1,742,843,087

16,260,135

2,371,121

Proposal No.  2 :

The holders of WBD Common Stock did not approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to WBD’s named executive officers that is based on or otherwise relates to the Merger. The table below sets forth the voting results for this proposal:

For

Against

Abstain

307,742,302

1,444,387,748

9,344,293