-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BEez6tN0RtKkyNxdJxlak1IbxEgrvOc2taWg6Xejs4zwqkqokPvZotOZpUaR584F KQsOO5NZmBtEbhr6mmtjvg== 0000927016-00-000579.txt : 20000225 0000927016-00-000579.hdr.sgml : 20000225 ACCESSION NUMBER: 0000927016-00-000579 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000214 DATE AS OF CHANGE: 20000224 GROUP MEMBERS: HIGHFIELD CAPITAL MANAGEMENT LP GROUP MEMBERS: HIGHFIELDS ASSOCIATES LLC GROUP MEMBERS: HIGHFIELDS CAPITAL LTD GROUP MEMBERS: HIGHFIELDS CAPITAL MANAGEMENT LP GROUP MEMBERS: HIGHFIELDS GP LLC GROUP MEMBERS: JONATHON S JACOBSON GROUP MEMBERS: RICHARD L GRUBMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WADDELL & REED FINANCIAL INC CENTRAL INDEX KEY: 0001052100 STANDARD INDUSTRIAL CLASSIFICATION: 6211 IRS NUMBER: 510261715 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-54561 FILM NUMBER: 544392 BUSINESS ADDRESS: STREET 1: P O BOX 29217 STREET 2: 6300 LAMAR AVE CITY: OVERLAND PARK STATE: KS ZIP: 66202-4200 BUSINESS PHONE: 9132362000 MAIL ADDRESS: STREET 1: P O BOX 29217 STREET 2: 6300 LAMAR AVE CITY: OVERLAND PARK STATE: KS ZIP: 66202-4200 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHFIELDS CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001079563 STANDARD INDUSTRIAL CLASSIFICATION: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 200 CLARENDON STREET 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02117 BUSINESS PHONE: 6178507500 SC 13G/A 1 SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 __________ SCHEDULE 13G (Amendment No. 1) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Waddell & Reed Financial, Inc. - - ------------------------------------------------------------------------------- (Name of Issuer) Class B Common Stock, Par Value $.01 Per Share - - ------------------------------------------------------------------------------- (Title of Class of Securities) 930059209 - - ------------------------------------------------------------------------------- (CUSIP Number) - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 2 of 18 Pages - - ------------------- ------------------ - - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HIGHFIELDS ASSOCIATES LLC - - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - - ------------------------------------------------------------------------------ 3. SEC USE ONLY - - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - - ------------------------------------------------------------------------------ NUMBER OF 5. SOLE VOTING POWER 737,645 SHARES ----------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER --0-- OWNED BY ----------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER 737,645 REPORTING ----------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER --0-- - - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 737,645 - - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] - - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.6% - - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON CO - - ------------------------------------------------------------------------------ - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 3 of 18 Pages - - ------------------- ------------------ - - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HIGHFIELDS CAPITAL MANAGEMENT LP - - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - - ------------------------------------------------------------------------------ 3. SEC USE ONLY - - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - - ------------------------------------------------------------------------------ NUMBER OF 5. SOLE VOTING POWER 2,377,188 SHARES ----------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER --0-- OWNED BY ----------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER 2,377,188 REPORTING ----------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER --0-- - - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,377,188 - - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] - - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.4% - - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON PN - - ------------------------------------------------------------------------------ - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 4 of 18 Pages - - ------------------- ------------------ - - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HIGHFIELDS GP LLC - - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - - ------------------------------------------------------------------------------ 3. SEC USE ONLY - - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - - ------------------------------------------------------------------------------ NUMBER OF 5. SOLE VOTING POWER 2,377,188 SHARES ----------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER --0-- OWNED BY ----------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER 2,377,188 REPORTING ----------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER --0-- - - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,377,188 - - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] - - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.4% - - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON OO - - ------------------------------------------------------------------------------ - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 5 of 18 Pages - - ------------------- ------------------ - - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JONATHON S. JACOBSON - - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - - ------------------------------------------------------------------------------ 3. SEC USE ONLY - - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - - ------------------------------------------------------------------------------ NUMBER OF 5. SOLE VOTING POWER 2,377,188 SHARES ----------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER --0-- OWNED BY ----------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER 2,377,188 REPORTING ----------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER --0-- - - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,377,188 - - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] - - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.4% - - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON IN - - ------------------------------------------------------------------------------ - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 6 of 18 Pages - - ------------------- ------------------ - - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RICHARD L. GRUBMAN - - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - - ------------------------------------------------------------------------------ 3. SEC USE ONLY - - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - - ------------------------------------------------------------------------------ NUMBER OF 5. SOLE VOTING POWER 2,377,188 SHARES ----------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER --0-- OWNED BY ----------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER 2,377,188 REPORTING ----------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER --0-- - - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,377,188 - - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] - - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.4% - - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON IN - - ------------------------------------------------------------------------------ - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 7 of 18 Pages - - ------------------- ------------------ - - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HIGHFIELDS CAPITAL LTD. - - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - - ------------------------------------------------------------------------------ 3. SEC USE ONLY - - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - - ------------------------------------------------------------------------------ NUMBER OF 5. SOLE VOTING POWER 1,639,543 SHARES ----------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER --0-- OWNED BY ----------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER 1,639,543 REPORTING ----------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER --0-- - - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,639,543 - - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] - - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% - - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON OO - - ------------------------------------------------------------------------------ - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 8 of 18 Pages - - ------------------- ------------------ ITEM 1(a). NAME OF ISSUER Waddell & Reed Financial, Inc. ------------------------------------------------ ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 6300 Lamar Avenue, Overland Park, Kansas 66202 ------------------------------------------------ ITEM 2(a). NAME OF PERSON FILING: This statement is being filed by Highfields Associates LLC, a limited liability company formed under the laws of the State of Delaware ("Highfields Associates"), with respect to the shares of Common Stock directly owned by the two limited partnerships organized under the laws of the State of Delaware for which it serves as the general partner: Highfields Capital I LP and Highfields Capital II LP. This statement is also being filed by the following persons with respect to the shares of common stock of the Issuer directly owned by Highfields Capital I LP, Highfields Capital II LP and Highfields Capital Ltd. (collectively, the "Funds"): (i) Highfields Capital Management LP, a Delaware limited partnership ("Highfields Capital Management") and Investment Manager to each of the Funds, (ii) Highfields GP LLC, a Delaware limited liability company ("Highfields GP") and the General Partner of Highfields Capital Management, (iii) Jonathon S. Jacobson, a Managing Member of Highfields GP, and (iv) Richard L. Grubman, a Managing Member of Highfields GP. This statement is also being filed by Highfields Capital Ltd., an exempted limited company organized under the laws of the Cayman Islands, with respect to the shares of common stock of the Issuer owned by Highfields Capital Ltd. Highfields Capital Management, Highfields GP, Mr. Jacobson, Mr. Grubman and Highfields Capital Ltd. are sometimes individually referred to herein as a "Reporting Person" and collectively as the "Reporting Persons." - - ------------------- ------------------ CUSIP NO. 930059209 13G/A Page 9 of 18 Pages - - ------------------- ------------------ ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Address for Highfields Associates, Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr. Grubman: c/o Highfields Capital Management 200 Clarendon Street Boston, Massachusetts 02117 Address for Highfields Capital Ltd.: c/o Goldman Sachs (Cayman) Trust, Limited Harbour Centre, North Church Street P.O. Box 896 George Town, Grand Cayman Cayman Islands ------------------------------------------------------------------ ITEM 2(c). CITIZENSHIP: Highfields Associates - Delaware Highfields Capital Management - Delaware Highfields GP - Delaware Richard L. Grubman - United States Jonathon S. Jacobson - United States Highfields Capital Ltd. - Cayman Islands ------------------------------------------------------------------ ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class B Common Stock, par value $.01 per share ------------------------------------------------------------------ ITEM 2(e). CUSIP NUMBER: 930059209 ------------------------------------------------------------------ ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: (a) [_] Broker or dealer registered under Section 15 of the Exchange Act. (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [_] Investment company registered under Section 8 of the Investment Company Act. (e) [_] An investment adviser in accordance with Rule 13d- 1(b)(1)(ii)(E); - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 10 of 18 Pages - - ------------------- ------------------- (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [_] A church plan that is excluded from the definition of an investment company (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [_] ITEM 4. OWNERSHIP. If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-1 (b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire. For Highfields Associates: (a) Amount beneficially owned: 737,645 shares of Common Stock ------------------------------ (b) Percent of class: 2.6% ----------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 737,645 ------- (ii) Shared power to vote or to direct the vote --0-- -------------- (iii) Sole power to dispose or to direct the disposition of 737,645 ------- (iv) Shared power to dispose or to direct the disposition of --0-- ------------ - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 11 of 18 Pages - - ------------------- ------------------- For Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr. Grubman: (a) Amount beneficially owned: 2,377,188 shares of Common Stock. --------------------------------- (b) Percent of class: 8.4% ----------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 2,377,188 --------- (ii) Shared power to vote or to direct the vote --0-- ------------ (iii) Sole power to dispose or to direct the disposition of 2,377,188 --------- (iv) Shared power to dispose or to direct the disposition of --0-- ---------- For Highfields Capital Ltd.: (a) Amount beneficially owned: 1,639,543 shares of Common Stock. --------------------------------- (b) Percent of class: 5.8% ------------------------------------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 1,639,543 --------- (ii) Shared power to vote or to direct the vote --0-- ------------ (iii) Sole power to dispose or to direct the disposition of 1,639,543 --------- (iv) Shared power to dispose or to direct the disposition of --0-- ---------- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Highfields Associates is the beneficial owner of less than 5% of the shares of common stock of the Issuer. - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 12 of 18 Pages - - ------------------- ------------------- Highfields Associates, Highfields Capital Management, Richard L. Grubman and Jonathon S. Jacobson no longer act as a group for the purposes of Rule 13d. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. The shares to which this filing by Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr. Grubman relates are beneficially owned by the Funds, each of which has the power to direct the dividends from or the proceeds of the sale of the shares owned by such Funds. Highfields Capital Management serves as the Investment Manager to each of the Funds. Highfields Capital Ltd., a reporting person herein, owns 5.8% of the shares of common stock of the Issuer; however, neither Highfields Capital I LP nor Highfields Capital II LP individually owns more than five percent of the shares of common stock of the Issuer. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Highfields Associates, Highfields Capital Management, Jonathon S. Jacobson and Richard L. Grubman have dissolved as a group. See Exhibit A. The Reporting Persons have agreed to file a joint Schedule 13G as individuals. See Exhibit B. ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 13 of 18 Pages - - ------------------- ------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 14, 2000 ---------------------------- Date HIGHFIELDS ASSOCIATES LLC /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn Authorized Signatory ---------------------------- Name/Title HIGHFIELDS CAPITAL MANAGEMENT LP By: Highfields GP LLC, its General Partner /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn Authorized Signatory ---------------------------- Name/Title HIGHFIELDS GP LLC /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn Authorized Signatory ---------------------------- Name/Title JONATHON S. JACOBSON /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn Attorney-in-Fact ---------------------------- Name/Title - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 14 of 18 Pages - - ------------------- ------------------- RICHARD L. GRUBMAN /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn Attorney-in-Fact ---------------------------- Name/Title HIGHFIELDS CAPITAL LTD. By: Highfields Capital Management LP, its Investment Manager By: Highfields GP LLC, its General Partner /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn Authorized Signatory ---------------------------- Name/ Title - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 15 of 18 Pages - - ------------------- ------------------- EXHIBIT A --------- AGREEMENT REGARDING DISSOLUTION OF A GROUP UNDER RULE 13D OF THE RULES UNDER THE EXCHANGE ACT OF 1934, AS AMENDED Highfields Associates LLC, Highfields Capital Management LP, Richard L. Grubman and Jonathon S. Jacobson hereby agree that as of November 30, 1999, they dissolved their status as a group under Rule 13d of the Rules under the Exchange Act of 1934, as amended ("Rule 13d"), with respect to the shares of Common Stock of Waddell & Reed Financial, Inc. beneficially owned by each of them. Each of the parties further agrees that it or he will file, in its or his individual capacity, all further filings with respect to transactions in the shares of common stock of Waddell & Reed Financial, Inc. HIGHFIELDS ASSOCIATES LLC /s/ KENNETH H. COLBURN ---------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory ---------------------------------------- Name/Title HIGHFIELDS CAPITAL MANAGEMENT LP By: Highfields GP LLC, its General Partner /s/ KENNETH H. COLBURN ---------------------------------------- Signature Kenneth H. Colburn, Authorized Signatory ---------------------------------------- Name/Title - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 16 of 18 Pages - - ------------------- ------------------- RICHARD L. GRUBMAN /s/ KENNETH H. COLBURN ----------------------------------------- Signature Kenneth H. Colburn, Attorney-in-Fact ------------------------------------------ Name/Title JONATHON S. JACOBSON /s/ KENNETH H. COLBURN ------------------------------------------ Signature Kenneth H. Colburn, Attorney-in-Fact ------ ------------------------------------ Name/Title - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 17 of 18 Pages - - ------------------- ------------------- EXHIBIT B --------- AGREEMENT REGARDING JOINT FILING UNDER RULE 13D OF THE RULES UNDER THE EXCHANGE ACT OF 1934, AS AMENDED Highfields Capital Management LP, Highfields GP LLC, Richard L. Grubman, Jonathon S. Jacobson and Highfields Capital Ltd., hereby agree to file one Schedule 13G for the common stock of Waddell & Reed Financial, Inc. on each of their behalf, in their individual capacity. The parties hereby agree that they are each responsible for the accuracy and completeness of the Schedule 13 G. HIGHFIELDS CAPITAL MANAGEMENT LP By: Highfields GP LLC, its General Partner /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn, Authorized Signatory ---------------------------------------- Name/Title HIGHFIELDS GP LLC /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn, Authorized Signatory ---------------------------------------- Name/Title - - ------------------- ------------------- CUSIP NO. 930059209 13G/A Page 18 of 18 Pages - - ------------------- ------------------- JONATHON S. JACOBSON /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn, Attorney-in-Fact ------------------------------------------ Name/Title RICHARD L. GRUBMAN /s/ KENNETH H. COLBURN ---------------------------- Signature Kenneth H. Colburn, Attorney-in-Fact ------------------------------------------ Name/Title HIGHFIELDS CAPITAL LTD. By: Highfields Capital Management LP, its Investment Manager By: Highfields GP LLC, its General Partner /s/ KENNETH H. COLBURN ---------------------------------------- Signature Kenneth H. Colburn Authorized Signatory ----------------------------------------------------- Name/ Title -----END PRIVACY-ENHANCED MESSAGE-----