Additional Proxy Soliciting Materials - Non-management (definitive) (dfan14a)
May 09 2013 - 4:59PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934
Filed by the
Registrant
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Filed by
a Party other than the Registrant
x
Check the
appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to § 240.14a-12
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Clearwire Corporation
(Name of Registrant as Specified in Its Charter)
Crest Financial
Limited
Crest Investment Company
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of
Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify
the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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On May 9, 2013 Crest Financial Limited issued the following press release:
FOR IMMEDIATE RELEASE:
CONTACT: Jeffrey
Birnbaum, (202) 661-6367, JBirnbaum@BGRPR.com
Crest Financial Issues Presentation Urging Clearwire Stockholders to Vote Against
Sprint-Clearwire Merger
Document Highlights Eagerness of DISH and SoftBank to Control Clearwire Spectrum
HOUSTON, May 9, 2013 Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire Corporation (NASDAQ: CLWR),
yesterday filed a 40-page presentation with the Securities and Exchange Commission detailing its reasons for asking Clearwire stockholders to reject the proposed merger with Sprint Nextel Corporation.
The presentation elaborates on Crests long-held contentions that the price Sprint is offering to pay Clearwire stockholders for their shares is
highly inadequate and that the Clearwire Board entered into an unfair Merger Agreement with Sprint, is plagued by weak corporate governance, is under undue influence of Sprint and has failed to protect non-Sprint stockholders.
In addition, the presentation highlights statements from the chief executives of DISH Network and SoftBank earlier this month suggesting that the real
prize offered by an acquisition of Sprint is acquiring control of Clearwire and its valuable spectrum. As noted in the presentation, DISHs Charlie Ergen, as reported in the Denver Business Journal, said, Its better for us to own
Sprint, because then we control Clearwire. In addition, at SoftBanks Press Conference 2013 Summer, SoftBank Chief Executive Officer Masayoshi Son said: In the Sprint-SoftBank transaction, Clearwires spectrum is
key.
David Schumacher, the General Counsel of Crest Financial said: These statements confirm what Crest has been
communicating to Clearwires other shareholders for some time now: The battle for Sprint is really a battle for Clearwires valuable spectrum, and that each of Sprints suitors wants to divert the value of Clearwires
spectrum assets to itself so as to extract maximum benefit for itself to the detriment of Clearwires minority shareholders.
Crest
strongly urges Clearwire stockholders to vote AGAINST the Sprint-Clearwire merger using the GOLD proxy card.
D.F. King & Co,
Inc. has been retained by Crest to assist it in the solicitation of proxies in opposition to the merger. If stockholder have any questions or need assistance in voting the GOLD proxy card, please call D.F. King & Co. at (800) 949-2583. The
presentation can be found at
http://www.dfking.com/clwr
.
About Crest Financial Limited
Crest Financial Limited (
Crest
) is a limited partnership under the laws of the State of Texas. Its principal business is investing in
securities.
Important Legal Information
In connection with the proposed merger of Clearwire with Sprint Nextel Corporation (the
Proposed Sprint Merger
), Crest and other persons (the
Participants
) have filed
a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC). The definitive proxy statement was mailed to the stockholders of Clearwire on or about May 6, 2013. SECURITYHOLDERS OF CLEARWIRE ARE URGED TO READ THE
DEFINITIVE PROXY STATEMENT, WHICH IS AVAILABLE NOW, AND THE PARTICIPANTS OTHER PROXY MATERIALS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE
PARTICIPANTS, CLEARWIRE AND THE PROPOSED SPRINT MERGER. The definitive proxy statement and all other proxy materials filed with the SEC are available at no charge on the SECs website at http://www.sec.gov. In addition, the definitive proxy
statement is also available at no charge on the website of the Participants proxy solicitor at
http://www.dfking.com/clwr
.
Forward-looking Statements
Certain
statements contained herein are forward-looking statements including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future activities and are subject to many risks and uncertainties. Due to such risks and
uncertainties, actual events may differ materially from those reflected or contemplated in such forward-looking statements. Forward-looking statements can be identified by the use of the future tense or other forward-looking words such as
believe, expect, anticipate, intend, plan, should, may, will, believes, continue, strategy, position or the
negative of those terms or other variations of them or by comparable terminology.
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