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 31, 2011
MXENERGY HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware |
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333-138425 |
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20-2930908 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
595 Summer Street |
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Suite 300 |
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Stamford, Connecticut |
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06901 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code (203) 356-1318
N/A
(Former name or 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.
Merger Proposal Approved By Stockholders
As previously disclosed, on May 12, 2011, MXenergy Holdings Inc. (Holdings), Constellation Energy Resources, LLC (Constellation), a Delaware limited liability company and a wholly owned subsidiary of Constellation Energy Group, Inc., Nutmeg Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Constellation (Merger Sub), and, for certain limited purposes, Mx SR LLC, a Delaware limited liability company, entered into an Agreement and Plan of Merger (the Merger Agreement). Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, Constellation has agreed to acquire Holdings through a merger of Merger Sub with and into Holdings (the Merger), with Holdings continuing as the surviving corporation in the Merger and becoming a wholly owned subsidiary of Constellation.
On May 16, 2011, Holdings mailed a consent solicitation to stockholders with respect to the adoption of the Merger Agreement (the Merger Proposal). Stockholders of record on May 12, 2011 (the Record Date) owning Class A Common Stock of Holdings, $0.01 par value per share (the Class A Common Stock); Class B Common Stock of Holdings, $0.01 par value per share (the Class B Common Stock); and Class C Common Stock of Holdings, $0.01 par value per share (the Class C Common Stock, and together with the Class A Common Stock and the Class B Common Stock, the Common Stock) were entitled to vote on the Merger Proposal by written consent. The following table shows for each class of Common Stock entitled to vote on the Merger Proposal (a) the minimum percentage of the shares issued and outstanding on the Record Date required to vote in favor of the Merger Proposal for it to be approved and (b) the percentage of issued and outstanding shares that had consented to the Merger Proposal as of May 31, 2011.
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Minimum Percentage of Issued and |
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Percentage of Issued and Outstanding |
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Outstanding Shares Required to Vote in |
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Shares That Had Consented to the Merger |
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Class |
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Favor of the Merger Proposal |
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Proposal as of May 31, 2011 |
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Class A Common Stock, voting as a separate class |
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70% |
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80.14% |
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Class B Common Stock, voting as a separate class |
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70% |
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100% |
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Class C Common Stock |
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No separate class vote required |
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95.55% |
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Common Stock, voting together as a single class |
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>50% |
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86.40% |
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Accordingly, the minimum stockholder vote condition to the closing of the Merger is now satisfied. The Merger remains subject to certain other closing conditions and will not be completed until such other conditions have been satisfied or waived.
The table below shows, with respect to each class of Holdings Common Stock, (a) the total number of shares issued and outstanding as of the Record Date, (b) the total number of shares that had consented to the Merger Proposal as of May 31, 2011, (c) the total number of shares with respect to which consent cards were returned that did not consent to the Merger Proposal as of May 31, 2011 and (d) the total number of shares that had abstained with respect to the Merger Proposal as of May 31, 2011. There were no broker non-votes.
Class |
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Total Shares Issued and |
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Consented |
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Did Not Consent |
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Abstained |
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Class A Common Stock |
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33,710,902 |
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27,017,548 |
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0 |
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0 |
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Class B Common Stock |
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4,002,290 |
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4,002,290 |
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0 |
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0 |
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Class C Common Stock |
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17,078,335 |
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16,317,945 |
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0 |
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0 |
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Common Stock |
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54,791,527 |
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47,337,783 |
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0 |
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0 |
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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.
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MXENERGY HOLDINGS INC. | ||
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By: |
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/s/ Chaitu Parikh |
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Name: |
Chaitu Parikh |
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Title: |
Executive Vice President and Chief Financial Officer |
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Date: June 6, 2011 |
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