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LIBERTY CAPITAL CP SER B 8-K Filings

GLIBB OTC

Every 8-K that LIBERTY CAPITAL CP SER B (GLIBB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow GLIBB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GLIBB filings page.

Rhea-AI Summary

Liberty Capital Corporation (GLIBA) reported management changes affecting its top legal leadership. Effective October 1, 2026, Renee L. Wilm will move from her current roles as Chief Legal Officer and Chief Administrative Officer to become Senior Advisor, continuing to provide strategic guidance and support key initiatives.

On the same date, Philip J. Boeckman will become Chief Legal Officer, taking responsibility for the company’s legal functions. He previously served at Cravath, Swaine & Moore LLP from 1991 to 2026, including roles as Managing Partner and Co-Head of EMEA Capital Markets in London, with extensive experience advising public and private companies and financial institutions on cross-border capital markets, financings, M&A, SEC reporting, governance and investigations.

Rhea-AI Summary

Liberty Capital Corporation reported second-quarter 2026 results with total revenue of $261 million, flat versus the prior-year quarter. Operating income fell to $29 million from $51 million and net earnings to $16 million from $27 million. Adjusted OIBDA declined 11% to $96 million, and the Adjusted OIBDA margin compressed to 36.8% from 41.4% as operating and acquisition costs increased.

Year-to-date 2026 revenue was $517 million, down 2%, while Adjusted OIBDA fell 14% to $189 million. GCI’s Consumer revenue declined due to the 2025 exit from the video business, though wireless grew, and Business gross margins narrowed sharply as distribution and network costs rose. Trailing twelve-month free cash flow dropped to $59 million from $153 million, reflecting higher capital expenditures, which reached $125 million in the first half and are expected to total $290 million in 2026.

Liquidity increased, with cash, cash equivalents and restricted cash at $510 million and total debt at $1.263 billion as of June 30, 2026; GCI’s leverage ratio rose to 2.8x. GCI amended its credit facility to add up to $480 million of extra capacity and subsequently repurchased about $129 million of 2028 Senior Notes. The board adopted a dividend policy for GCI Group common stock starting in the fourth quarter of 2026, targeting an initial aggregate cash dividend of approximately $60 million annually, or about $15 million per quarter, subject to customary conditions and potential modification.

Rhea-AI Summary

Liberty Capital Corporation will report results for the second quarter of 2026 and host a conference call on August 6, 2026 at 11:15 a.m. E.T. A press release with the quarterly results will be issued before the open of market trading that day and made available on the company’s investor relations website.

The call, with phone and webcast access, will include prepared remarks followed by a brief Q&A covering Liberty Capital and Liberty Broadband Corporation, and may address their financial performance, outlook and other forward-looking matters. Liberty Capital consists of its wholly owned subsidiary GCI, Alaska’s largest communications provider, which serves more than 200 communities and has invested $4.7 billion in its Alaska network and facilities over the past 45 years.

Rhea-AI Summary

Liberty Capital Corporation, through its subsidiary GCI, amended its Ninth Amended and Restated Credit Agreement to add significant new debt facilities. GCI obtained a delayed draw incremental senior secured Term A-1 loan facility of $155 million and an incremental Term A-2 loan facility of $300 million, plus a new $25 million letter of credit facility. The Term A-1 loan is primarily intended to help finance the Quintillion Acquisition or refinance related acquisition debt, while the Term A-2 loan is earmarked for general corporate purposes, including retiring existing indebtedness. The loans carry interest based on either alternate base rate or SOFR with leverage-based margins and include scheduled quarterly principal repayments. All obligations remain secured by substantially all assets of GCI and its subsidiary guarantors and equity interests of GCI Holdings, with customary covenants and events of default.

Rhea-AI Summary

Liberty Capital Corporation, formerly GCI Liberty, Inc., has officially changed its corporate name effective at the close of business on May 21, 2026. The company states that the name change does not affect security holder rights, and its Nasdaq stock tickers will remain GLIBA and GLIBK, with GLIBB continuing on OTC Markets.

The Alaska operating business will continue to use the GCI name and brand while the parent company focuses on expanding investments beyond its core Alaska communications business. GCI remains Alaska’s largest communications provider, having invested $4.7 billion in its network and facilities over the past 47 years and serving more than 200 communities across the state.

Rhea-AI Summary

GCI Liberty reported weaker first quarter 2026 results while advancing major strategic investments. Revenue declined to $256 million from $266 million, with operating income falling to $30 million from $58 million and Adjusted OIBDA decreasing 18% to $93 million. Net earnings were $18 million, or $0.45 per share, down from $35 million, or $1.13 per share, as higher operating and public company costs and increased stock-based compensation weighed on margins.

The company agreed to acquire Alaska fiber provider Quintillion for $310 million in cash plus up to $50 million of reimbursed capital spending and possible earn-outs, expecting the deal to be accretive to free cash flow. It also bought $107 million of Liberty Latin America shares, gaining about a 6% equity stake, and is in talks to acquire Dr. John Malone’s LLA interests in exchange for new Series C shares. Trailing twelve‑month free cash flow was $99 million on $329 million of operating cash flow.

Rhea-AI Summary

GCI Liberty, Inc., through its subsidiary GCI Holdings, agreed to acquire all equity of Alaska fiber operator Quintillion from Q Gateway Ultimate Holdings. GCI will pay $310 million in cash at closing, subject to working capital and other adjustments, plus reimbursement of up to $50 million of specified pre-closing capital spending and contingent earn-out payments tied to Quintillion gross revenue thresholds for 2027, 2028 and 2030.

GCI may settle the 2030 earn-out partly in Series C GCI Group Common Stock, with the share value based on the 10-day volume-weighted average price after filing its 2030 Form 10‑K. Closing requires antitrust clearance, Federal Communications Commission consents, completion and operability of key Alaska fiber routes, and no legal prohibition. If closing fails by the 18‑month End Date or is blocked by law or order under specified conditions, GCI would owe the seller a $10 million termination fee.

Concurrently, GCI, LLC entered into a $160 million term loan Credit Agreement with the seller as borrower. The loan bears interest at SOFR plus 8.50%, with a portion potentially paid in cash and the balance paid in kind, and will be automatically credited against the purchase price if the transaction closes or otherwise mature in 2031. The parties also agreed to a registration rights framework for any stock issued as earn-out consideration and highlighted strategic benefits from integrating GCI’s and Quintillion’s Alaska fiber networks.

Rhea-AI Summary

GCI Liberty, Inc. announced that, as of April 22, 2026, it has received all required regulatory approvals, including from the Federal Communications Commission, allowing its Chairman, Dr. John C. Malone, to hold de jure voting control of the company and its subsidiaries, including GCI Communication Corp.

An existing letter agreement dated December 31, 2024, that had limited Dr. Malone’s voting power to below 50% has terminated by its terms. Dr. Malone may now vote his equity ownership in full, representing an approximate 53.7% voting interest based on outstanding shares as of March 23, 2026.

Rhea-AI Summary

GCI Liberty, Inc. announced it will release and discuss its first quarter 2026 results on a conference call scheduled for Thursday, May 7 at 11:15 a.m. E.T. A press release with the results will be issued before the market opens that day.

The call will include prepared remarks and a brief Q&A session covering GCI Liberty and Liberty Broadband Corporation, and may address financial performance, outlook and other forward-looking matters. The information is being furnished under Regulation FD and is not deemed filed.

Rhea-AI Summary

GCI Liberty, Inc. has scheduled its 2026 virtual Annual Meeting of Stockholders for Monday, May 11, 2026 at 11:30 a.m. Mountain Time. Stockholders of record as of 5:00 p.m. New York City time on March 23, 2026 will be eligible to participate.

Eligible stockholders can listen, vote and submit questions by logging into www.virtualshareholdermeeting.com/GCIL2026 using their 16-digit control number from the proxy card or Notice of Internet Availability of Proxy Materials. A webcast and post-meeting archive will also be accessible through GCI Liberty’s investor relations website.

The company notes that it operates through its wholly owned subsidiary GCI, Alaska’s largest communications provider, which has invested $4.7 billion in its Alaska network and facilities over the past 45 years.

Rhea-AI Summary

GCI Liberty, Inc. plans a temporary trading blackout tied to its employee 401(k) plan. The administrator of the GCI 401(k) Plan will remove the Company’s Series C GCI Group common stock as an investment option and liquidate shares held in the plan’s GCI Group common stock fund.

To carry out this liquidation, plan transactions involving Series C GCI Group common stock will be suspended during a blackout period, which the plan administrator expects to run from 4:00 p.m. ET on March 16, 2026 to on or about March 20, 2026. Under Section 306 of the Sarbanes-Oxley Act and related rules, the Company has notified its directors and executive officers that they and their co-resident immediate family members are prohibited from buying, selling, transferring, acquiring, or disposing of the Company’s Series A, Series B, and Series C GCI Group common stock, including stock options, during this SOX blackout period.

Rhea-AI Summary

GCI Liberty, Inc. reported fourth quarter and full-year 2025 results, showing modest revenue growth but a sharp swing to a net loss driven by a large non-cash write-down. Full-year revenue rose to $1,046 million from $1,016 million, while Adjusted OIBDA increased 12% to $403 million.

Net earnings moved from a profit of $70 million in 2024 to a loss of $309 million in 2025 after a $525 million impairment of goodwill and intangible assets, producing an operating loss of $347 million. The company completed a fully subscribed rights offering, issuing 11,059,127 Series C GCI Group shares for approximately $300 million in proceeds, boosting year-end cash to $429 million and reducing consolidated net leverage to 1.6x. Free cash flow for 2025 improved to $146 million on trailing twelve-month net cash from operations of $370 million.