SEC Filings

Form DEFM14A
SPECTRUM BRANDS LEGACY, INC. filed this Form DEFM14A on 06/12/2018
Document Outline
Entire Document (3948.3 KB)
Subdocument 1 - DEFM14A - DEFM14A
Page 1 - UNITED STATES
Page 2 - MERGER PROPOSAL YOUR VOTE IS VERY IMPORTANT
Page 3 - The Spectrum board of directors (other than Messrs. Joseph Steinberg and Ehsan Zargar who recused th
Page 4 - SPECTRUM BRANDS HOLDINGS, INC.
Page 5 - Your vote is very important. To ensure your representation at the Spectrum Special Meeting, please c
Page 6 - YOUR VOTE IS IMPORTANT!
Page 7 - HRG GROUP, INC.
Page 8 - Your vote is very important. To ensure your representation at the HRG Special Meeting, please comple
Page 9 - YOUR VOTE IS IMPORTANT!
Page 10 - ADDITIONAL INFORMATION
Page 11 - ABOUT THIS JOINT PROXY STATEMENT/PROSPECTUS
Page 12 - TABLE OF CONTENTS
Page 13 - N/A
Page 14 - N/A
Page 15 - QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETINGS
Page 16 - N/A
Page 17 - N/A
Page 18 - N/A
Page 19 - N/A
Page 20 - N/A
Page 21 - N/A
Page 22 - N/A
Page 23 - N/A
Page 24 - to be admitted to the meeting, and you must obtain a legal proxy from the bank, broker or other nomi
Page 25 - N/A
Page 26 - N/A
Page 27 - FOR or AGAINST the Spectrum Proposals. If you respond with an abstain vote on the Spectrum Adjournme
Page 28 - FOR each Spectrum Proposal in accordance with the recommendation of the Spectrum board of directors,
Page 29 - If you wish to change your vote at the HRG Special Meeting, you must vote by ballot at such meeting
Page 30 - N/A
Page 31 - N/A
Page 32 - SUMMARY
Page 33 - HRG SPV Sub II, LLC
Page 34 - Treatment of Spectrum Equity-Based Awards (See Page 159)
Page 35 - Treatment of HRG Equity-Based Awards (See Page 160)
Page 36 - Spectrum s Reasons for the Merger; Recommendation of the Spectrum Special Committee and the Spectrum
Page 37 - HRG s Reasons for the Merger; Recommendation of the HRG Board of Directors (See Page 117)
Page 38 - J.P. Morgan in preparing the opinion, is attached as Annex E to this joint proxy statement/prospectu
Page 39 - N/A
Page 40 - Amendment No. 1 to Agreement and Plan of Merger (See Page 180)
Page 41 - Listing of Shares of HRG Common Stock (See Page 149)
Page 42 - Post-Closing Stockholder Agreement (See Page 183)
Page 43 - Letter Agreement (See Page 186)
Page 44 - Stockholder Agreement
Page 45 - The Merger
Page 46 - Voting by Spectrum s Directors and Executive Officers (See Page 60)
Page 47 - Risk Factors (See Page 47)
Page 48 - SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA OF SPECTRUM
Page 49 - Statement of Operations
Page 50 - N/A
Page 51 - SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA OF HRG
Page 52 - N/A
Page 53 - N/A
Page 54 - N/A
Page 55 - SELECTED SPECTRUM AND HRG UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL DATA
Page 56 - N/A
Page 57 - COMPARATIVE HISTORICAL AND UNAUDITED PRO FORMA PER SHARE DATA
Page 58 - N/A
Page 59 - COMPARATIVE PER SHARE MARKET PRICE AND DIVIDEND INFORMATION
Page 60 - Dividends
Page 61 - RISK FACTORS
Page 62 - The Merger Agreement and Amended HRG Charter contain restrictions on the amount of HRG Common Stock
Page 63 - The Merger Agreement contains provisions that restrict the ability of the HRG board of directors or
Page 64 - The pendency of the Merger could materially adversely affect the business, financial condition, resu
Page 65 - Leucadia and Fortress have interests in the Merger that may be different from, or in addition to, th
Page 66 - The opinions of the financial advisors to the Spectrum Special Committee and the HRG board of direct
Page 67 - Spectrum and HRG stockholders will not be entitled to appraisal rights in the Merger.
Page 68 - Each of Spectrum and HRG may refuse to close in the event the other experiences a material adverse e
Page 69 - HRG s actual financial positions and results of operations following the Merger may differ materiall
Page 70 - Certain provisions of the Amended HRG Charter, Amended HRG Bylaws and of the DGCL will have anti-tak
Page 71 - CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Page 72 - THE SPECTRUM SPECIAL MEETING
Page 73 - Required Vote
Page 74 - Treatment of Abstentions; Failure to Vote
Page 75 - Voting of Proxies; Incomplete Proxies
Page 76 - Shares Held in Street Name
Page 77 - Solicitation of Proxies
Page 78 - SPECTRUM PROPOSALS
Page 79 - Vote Required and Spectrum Board Recommendation
Page 80 - Vote Required and Spectrum Board Recommendation
Page 81 - Vote Required and Spectrum Board Recommendation
Page 82 - Vote Required and Spectrum Board Recommendation
Page 83 - FOR the Spectrum Advisory HRG Preferred Stock Proposal.
Page 84 - Vote Required and Spectrum Board Recommendation
Page 85 - Vote Required and Spectrum Board Recommendation
Page 86 - THE HRG SPECIAL MEETING
Page 87 - Required Vote
Page 88 - Recommendation of the HRG Board of Directors
Page 89 - Voting by HRG s Directors and Executive Officers
Page 90 - Shares Held in Street Name
Page 91 - Attending the HRG Special Meeting will NOT automatically revoke a proxy that was submitted through t
Page 92 - HRG PROPOSALS
Page 93 - Vote Required and HRG Board Recommendation
Page 94 - Vote Required and HRG Board Recommendation
Page 95 - Vote Required and HRG Board Recommendation
Page 96 - Vote Required and HRG Board Recommendation
Page 97 - THE MERGER
Page 98 - N/A
Page 99 - Background of the Merger
Page 100 - N/A
Page 101 - N/A
Page 102 - N/A
Page 103 - N/A
Page 104 - N/A
Page 105 - N/A
Page 106 - N/A
Page 107 - N/A
Page 108 - N/A
Page 109 - N/A
Page 110 - N/A
Page 111 - N/A
Page 112 - N/A
Page 113 - The Spectrum Special
Page 114 - N/A
Page 115 - N/A
Page 116 - N/A
Page 117 - N/A
Page 118 - N/A
Page 119 - Following discussion, the Spectrum Special Committee determined to inform HRG that, although it coul
Page 120 - N/A
Page 121 - N/A
Page 122 - N/A
Page 123 - N/A
Page 124 - Spectrum s Reasons for the Merger; Recommendation of the Spectrum Special Committee and the Spectrum
Page 125 - N/A
Page 126 - N/A
Page 127 - N/A
Page 128 - N/A
Page 129 - N/A
Page 130 - Spectrum Board of Directors
Page 131 - HRG s Reasons for the Merger; Recommendation of the HRG Board of Directors
Page 132 - N/A
Page 133 - N/A
Page 134 - N/A
Page 135 - N/A
Page 136 - Opinion of the Spectrum Special Committee s Financial Advisor
Page 137 - N/A
Page 138 - Summary of Financial Analyses
Page 139 - N/A
Page 140 - Additional Information
Page 141 - Spectrum Management s Unaudited Prospective Financial Information
Page 142 - N/A
Page 143 - Opinion of HRG s Financial Advisor
Page 144 - N/A
Page 145 - . J.P. Morgan expressed no opinion as to the price at which HRG Common Stock or Spectrum Common Stoc
Page 146 - N/A
Page 147 - N/A
Page 148 - N/A
Page 149 - N/A
Page 150 - HRG Management s Unaudited Prospective Financial Information
Page 151 - Board and Management of HRG following the Merger
Page 152 - Board of Directors of HRG after the Merger
Page 153 - N/A
Page 154 - Officers of HRG after the Merger
Page 155 - Interests of Spectrum s Directors and Officers in the Merger
Page 156 - Compensation from HRG in Connection with the Merger
Page 157 - Indemnification of Directors and Officers
Page 158 - Interests of HRG s Directors and Officers in the Merger
Page 159 - Equity Awards
Page 160 - Severance and Retention Payments
Page 161 - Golden Parachute Compensation
Page 162 - Rights of Certain Stockholders
Page 163 - Material Agreements Between the Parties
Page 164 - Delisting and Deregistration of Shares of Spectrum Common Stock
Page 165 - N/A
Page 166 - MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES
Page 167 - ALL HOLDERS OF HRG COMMON STOCK OR SPECTRUM COMMON STOCK SHOULD CONSULT THEIR OWN TAX ADVISORS AS TO
Page 168 - U.S. Federal Income Tax Consequences of the Merger to U.S. Holders of Shares of Spectrum Common Stoc
Page 169 - THE TRANSACTION AGREEMENTS
Page 170 - Completion and Effectiveness of the Merger
Page 171 - Post-Closing Governance
Page 172 - Merger Consideration
Page 173 - Treatment of Spectrum Equity Awards
Page 174 - Treatment of HRG Equity Awards
Page 175 - N/A
Page 176 - Delivery of HRG Capitalization Certificate
Page 177 - N/A
Page 178 - Representations and Warranties
Page 179 - Definition of Material Adverse Effect
Page 180 - N/A
Page 181 - Conduct of Business Pending the Merger
Page 182 - N/A
Page 183 - N/A
Page 184 - N/A
Page 185 - Obligations to Recommend the Adoption of the Merger Agreement and the Approval of the HRG Charter Am
Page 186 - N/A
Page 187 - N/A
Page 188 - Reasonable Best Efforts Covenant
Page 189 - Indemnification, Exculpation and Insurance
Page 190 - N/A
Page 191 - Other Covenants and Agreements
Page 192 - Termination of the Merger Agreement
Page 193 - Fees and Expenses
Page 194 - Specific Performance
Page 195 - Description of the Voting Agreements
Page 196 - N/A
Page 197 - Leucadia Voting Agreement
Page 198 - Leucadia Nominee and Independent Designee
Page 199 - Leucadia Standstill
Page 200 - Description of Letter Agreement
Page 201 - Description of the Spectrum Rights Agreement
Page 202 - N/A
Page 203 - SPECTRUM AND HRG UNAUDITED PRO FORMA
Page 204 - HRG GROUP, INC. AND SUBSIDIARIES
Page 205 - HRG GROUP, INC. AND SUBSIDIARIES
Page 206 - Unaudited Pro Forma Condensed Consolidated Statement of Operations
Page 207 - HRG GROUP, INC. AND SUBSIDIARIES.
Page 208 - N/A
Page 209 - COMPARISON OF STOCKHOLDER RIGHTS
Page 210 - Dividends and Other Distributions
Page 211 - Spectrum
Page 212 - Number and Election of Directors
Page 213 - Term of Directors
Page 214 - Limitations on Directors Liability
Page 215 - Proxy Access
Page 216 - Stockholder Action by Written Consent
Page 217 - Amendment of Bylaws; New Bylaws
Page 218 - Exclusive Jurisdiction
Page 219 - NO APPRAISAL OR DISSENTERS RIGHTS
Page 220 - SHARE OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT/ DIRECTORS OF HRG
Page 221 - N/A
Page 222 - SHARE OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT/ DIRECTORS OF SPECTRUM
Page 223 - Security Ownership of Other Beneficial Owners
Page 224 - LEGAL MATTERS
Page 225 - SPECTRUM ANNUAL MEETING STOCKHOLDER PROPOSALS
Page 226 - HRG ANNUAL MEETING STOCKHOLDER PROPOSALS
Page 227 - HRG ANNUAL MEETING STOCKHOLDER PROPOSALS FOLLOWING THE MERGER
Page 228 - INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
Page 229 - Neither Spectrum nor HRG has authorized anyone to give any information or make any representation ab
Page 230 - WHERE YOU CAN FIND MORE INFORMATION
Page 231 - Annex A
Page 232 - N/A
Page 233 - N/A
Page 234 - EXHIBIT
Page 235 - INDEX OF DEFINED TERMS
Page 236 - INDEX OF DEFINED TERMS
Page 237 - INDEX OF DEFINED TERMS
Page 238 - INDEX OF DEFINED TERMS
Page 239 - N/A
Page 240 - ARTICLE I
Page 241 - N/A
Page 242 - N/A
Page 243 - Agreement and in the applicable provisions of the DGCL. Without limiting the generality of the foreg
Page 244 - ARTICLE II
Page 245 - N/A
Page 246 - N/A
Page 247 - N/A
Page 248 - N/A
Page 249 - N/A
Page 250 - ARTICLE III
Page 251 - N/A
Page 252 - N/A
Page 253 - N/A
Page 254 - N/A
Page 255 - N/A
Page 256 - ARTICLE IV
Page 257 - N/A
Page 258 - N/A
Page 259 - N/A
Page 260 - N/A
Page 261 - N/A
Page 262 - N/A
Page 263 - N/A
Page 264 - N/A
Page 265 - N/A
Page 266 - ARTICLE V
Page 267 - N/A
Page 268 - N/A
Page 269 - N/A
Page 270 - N/A
Page 271 - N/A
Page 272 - N/A
Page 273 - N/A
Page 274 - N/A
Page 275 - N/A
Page 276 - N/A
Page 277 - N/A
Page 278 - N/A
Page 279 - N/A
Page 280 - N/A
Page 281 - ARTICLE VI
Page 282 - N/A
Page 283 - ARTICLE VII
Page 284 - N/A
Page 285 - ARTICLE VIII
Page 286 - N/A
Page 287 - N/A
Page 288 - N/A
Page 289 - N/A
Page 290 - N/A
Page 291 - N/A
Page 292 - N/A
Page 293 - N/A
Page 294 - N/A
Page 295 - N/A
Page 296 - EXHIBIT A
Page 297 - AMENDED AND RESTATED
Page 298 - N/A
Page 299 - N/A
Page 300 - N/A
Page 301 - N/A
Page 302 - N/A
Page 303 - N/A
Page 304 - N/A
Page 305 - N/A
Page 306 - N/A
Page 307 - N/A
Page 308 - N/A
Page 309 - N/A
Page 310 - N/A
Page 311 - N/A
Page 312 - N/A
Page 313 - N/A
Page 314 - EXHIBIT B
Page 315 - SECOND RESTATED BY-LAWS
Page 316 - N/A
Page 317 - N/A
Page 318 - N/A
Page 319 - N/A
Page 320 - N/A
Page 321 - N/A
Page 322 - N/A
Page 323 - N/A
Page 324 - N/A
Page 325 - N/A
Page 326 - N/A
Page 327 - N/A
Page 328 - N/A
Page 329 - N/A
Page 330 - N/A
Page 331 - N/A
Page 332 - N/A
Page 333 - N/A
Page 334 - EXHIBIT C
Page 335 - SECOND AMENDED AND RESTATED
Page 336 - N/A
Page 337 - EXHIBIT D
Page 338 - N/A
Page 339 - N/A
Page 340 - N/A
Page 341 - N/A
Page 342 - N/A
Page 343 - N/A
Page 344 - N/A
Page 345 - N/A
Page 346 - N/A
Page 347 - EXHIBIT E
Page 348 - REGISTRATION RIGHTS AGREEMENT
Page 349 - N/A
Page 350 - N/A
Page 351 - N/A
Page 352 - ARTICLE II
Page 353 - N/A
Page 354 - N/A
Page 355 - N/A
Page 356 - N/A
Page 357 - N/A
Page 358 - N/A
Page 359 - N/A
Page 360 - N/A
Page 361 - N/A
Page 362 - N/A
Page 363 - ARTICLE III
Page 364 - N/A
Page 365 - N/A
Page 366 - N/A
Page 367 - N/A
Page 368 - N/A
Page 369 - Annex B
Page 370 - ARTICLE III
Page 371 - N/A
Page 372 - Annex C
Page 373 - N/A
Page 374 - N/A
Page 375 - N/A
Page 376 - N/A
Page 377 - N/A
Page 378 - N/A
Page 379 - N/A
Page 380 - N/A
Page 381 - N/A
Page 382 - N/A
Page 383 - N/A
Page 384 - N/A
Page 385 - N/A
Page 386 - N/A
Page 387 - N/A
Page 388 - N/A
Page 389 - Annex D
Page 390 - N/A
Page 391 - N/A
Page 392 - Annex E
Page 393 - N/A
Page 394 - N/A
Page 395 - Annex F
Page 396 - N/A
Page 397 - N/A
Page 398 - ARTICLE II
Page 399 - N/A
Page 400 - N/A
Page 401 - N/A
Page 402 - ARTICLE III
Page 403 - ARTICLE V
Page 404 - N/A
Page 405 - N/A
Page 406 - N/A
Page 407 - N/A
Page 408 - Annex G
Page 409 - N/A
Page 410 - Transfer ), any Shares during the term of this Agreement; provided that, (x) Stockholder may Transfe
Page 411 - N/A
Page 412 - N/A
Page 413 - N/A
Page 414 - Annex H
Page 415 - N/A
Page 416 - Transfer ), any Shares during the term of this Agreement; provided that, subject to Article XII of t
Page 417 - N/A
Page 418 - N/A
Page 419 - N/A
Page 420 - Annex I
Page 421 - N/A
Page 422 - Transfer ), any Shares or the Preferred Share during the term of this Agreement; provided that, subj
Page 423 - N/A
Page 424 - N/A
Page 425 - N/A
Page 426 - N/A
Page 427 - Annex J
Page 428 - Unutilized Cushion Amount shall mean the sum of the Leucadia Cushion Amount and the CF Turul Cushion
Page 429 - N/A
Page 430 - Annex K
Page 431 - TABLE OF CONTENTS
Page 432 - Agreement ), dated as of February 24, 2018, is between Spectrum Brands Holdings, Inc., a Delaware co
Page 433 - Merger Sub 1 ), HRG SPV Sub II, LLC, a Delaware limited liability company and a direct wholly owned
Page 434 - then outstanding, when used with reference to a Person s Beneficial Ownership of securities of the C
Page 435 - Common Shares, when used with reference to the Company, means the shares of Common Stock, par value
Page 436 - Person means any individual, firm, corporation, partnership, limited partnership, limited liability
Page 437 - Distribution Date ; provided however, that notwithstanding anything in this Agreement to the contrar
Page 438 - Rights Agreement ), the terms of which are hereby incorporated herein by reference and a copy of whi
Page 439 - Purchase Price ) and shall be payable in
Page 440 - N/A
Page 441 - N/A
Page 442 - Excluded Person ) shall, in each such case, be null and void, and any holder of such Rights (whether
Page 443 - Equivalent Preferred Shares )) or securities convertible into Preferred Shares or Equivalent Preferr
Page 444 - Current Per Share Market Price of the Preferred Shares shall be determined in accordance with the me
Page 445 - N/A
Page 446 - Earning Power of the Company and its Subsidiaries shall be determined in good faith by the Company s
Page 447 - Section 11.4.1) for the Trading Day immediately prior to the date of such exercise.
Page 448 - N/A
Page 449 - N/A
Page 450 - N/A
Page 451 - N/A
Page 452 - Redemption Price ). The redemption of the Rights by the Board of Directors may be made effective at
Page 453 - Exchange Ratio ). From and after the occurrence of an event specified in Section 13.1, any rights th
Page 454 - Exchange Recipients, and such shares and other securities, together with any dividends or distributi
Page 455 - N/A
Page 456 - N/A
Page 457 - N/A
Page 458 - N/A
Page 459 - EXHIBIT A
Page 460 - Common Stock ), of the Corporation or a subdivision of the outstanding shares of Common Stock (by re
Page 461 - Series R Liquidation Preference ) equal to an amount per share, subject to the provision for adjustm
Page 462 - N/A
Page 463 - N/A
Page 464 - EXHIBIT B
Page 465 - N/A
Page 466 - N/A
Page 467 - N/A
Page 468 - N/A
Page 469 - N/A
Page 470 - EXHIBIT C
Page 471 - Beneficial Ownership shall include any securities such Person or any of such Person s Affiliates or
Page 472 - Redemption Price ). The redemption of the Rights may be made effective at such time, on such basis a
Page 473 - N/A
Page 474 - Annex L
Page 475 - TABLE OF CONTENTS
Page 476 - Agreement ), dated as of February 24, 2018, is between HRG Group, Inc., a Delaware corporation (the
Page 477 - Affiliate and Associate shall have the respective meanings ascribed to such terms in Rule 12b-2 prom
Page 478 - then outstanding, when used with reference to a Person s Beneficial Ownership of securities of the C
Page 479 - Derivative Position shall mean any option, warrant, convertible security, stock appreciation right,
Page 480 - Preferred Shares means shares of Series B Preferred Stock, par value $0.01 per share, of the Company
Page 481 - Distribution Date ); provided, however, that notwithstanding anything in this Agreement to the contr
Page 482 - Exhibit B hereto and may have such marks of identification or designation and such legends, summarie
Page 483 - Purchase Price ) and shall be payable in lawful money of the United States of America in accordance
Page 484 - N/A
Page 485 - N/A
Page 486 - Excluded Person ) shall, in each such case, be null and void, and any holder of such Rights (whether
Page 487 - Equivalent Preferred Shares )) or securities convertible into Preferred Shares or Equivalent Preferr
Page 488 - Current Per Share Market Price of the Preferred Shares shall be determined in accordance with the me
Page 489 - N/A
Page 490 - Earning Power of the Company and its Subsidiaries shall be determined in good faith by the Company s
Page 491 - N/A
Page 492 - N/A
Page 493 - N/A
Page 494 - N/A
Page 495 - N/A
Page 496 - Redemption Price ). The redemption of the Rights by the Board of Directors may be made effective at
Page 497 - Exchange Ratio ). From and after the occurrence of an event specified in Section 13.1, any rights th
Page 498 - Exchange Recipients, and such shares and other securities, together with any dividends or distributi
Page 499 - N/A
Page 500 - N/A
Page 501 - N/A
Page 502 - N/A
Page 503 - EXHIBIT A
Page 504 - Common Stock ), of the Corporation or a subdivision of the outstanding shares of Common Stock (by re
Page 505 - Series B Liquidation Preference ) equal to an amount per share, subject to the provision for adjustm
Page 506 - N/A
Page 507 - N/A
Page 508 - EXHIBIT B
Page 509 - N/A
Page 510 - N/A
Page 511 - N/A
Page 512 - N/A
Page 513 - N/A
Page 514 - EXHIBIT C
Page 515 - Beneficial Ownership shall include any securities such Person or any of such Person s Affiliates or
Page 516 - Redemption Price ). The redemption
Page 517 - N/A
Page 518 - N/A
Page 519 - N/A