DEF 14A 1 tm201661-1_def14a.htm DEF 14A tm201661-1_def14a - none - 15.7545112s
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 (Amendment No.   )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:

Preliminary Proxy Statement

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

Definitive Proxy Statement

Definitive Additional Materials

Soliciting Material under §240.14a-12
Liberty Media Corporation
(Name of Registrant as Specified In Its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):

No fee required.

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Title of each class of securities to which transaction applies:
(2)
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(3)
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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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(3)
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Date Filed:

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LIBERTY MEDIA CORPORATION
12300 Liberty Boulevard
Englewood, Colorado 80112
(720) 875-5400
April 13, 2020​
Dear Stockholder:
You are cordially invited to attend the 2020 annual meeting of stockholders of Liberty Media Corporation (Liberty Media) to be held at 8:15 a.m., Mountain time, on May 21, 2020. Due to concerns about the coronavirus, this year the annual meeting will be held via the Internet and will be a completely virtual meeting of stockholders. You may attend the meeting, submit questions and vote your shares electronically during the meeting via the Internet by visiting www.virtualshareholdermeeting.com/LMC2020. To enter the annual meeting, you will need the 16-digit control number that is printed in the box marked by the arrow on your proxy card. We recommend logging in at least fifteen minutes before the meeting to ensure that you are logged in when the meeting starts. Online check-in will start shortly before the meeting on May 21, 2020.
At the annual meeting, you will be asked to consider and vote on the proposals described in the accompanying notice of annual meeting and proxy statement, as well as on such other business as may properly come before the meeting.
Your vote is important, regardless of the number of shares you own. Whether or not you plan to attend the annual meeting, please read the enclosed proxy materials and then promptly vote via the Internet or telephone or by completing, signing and returning by mail the enclosed proxy card. Doing so will not prevent you from later revoking your proxy or changing your vote at the meeting.
Thank you for your cooperation and continued support and interest in Liberty Media.
Very truly yours,
[MISSING IMAGE: sg_gregorybmaffei.jpg]
Gregory B. Maffei
President and Chief Executive Officer
The proxy materials relating to the annual meeting will first be made available on or about April 16, 2020.

LIBERTY MEDIA CORPORATION
12300 Liberty Boulevard
Englewood, Colorado 80112
(720) 875-5400
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
to be Held on May 21, 2020
NOTICE IS HEREBY GIVEN of the annual meeting of stockholders of Liberty Media Corporation (Liberty Media) to be held at 8:15 a.m., Mountain time, on May 21, 2020. Due to concerns about the coronavirus (COVID-19), this year the annual meeting will be held via the Internet and will be a completely virtual meeting of stockholders. You may attend the meeting, submit questions and vote your shares electronically during the meeting via the Internet by visiting www.virtualshareholdermeeting.com/LMC2020. To enter the annual meeting, you will need the 16-digit control number that is printed in the box marked by the arrow on your proxy card. We recommend logging in at least fifteen minutes before the meeting to ensure that you are logged in when the meeting starts. Online check-in will start shortly before the meeting on May 21, 2020. At the annual meeting, you will be asked to consider and vote on the following proposals:
1.
A proposal (which we refer to as the election of directors proposal) to elect Evan D. Malone, David E. Rapley and Larry E. Romrell to continue serving as Class I members of our board until the 2023 annual meeting of stockholders or their earlier resignation or removal; and
2.
A proposal (which we refer to as the auditors ratification proposal) to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2020.
You may also be asked to consider and vote on such other business as may properly come before the annual meeting.
Holders of record of our Series A Liberty SiriusXM common stock, par value $0.01 per share, Series A Liberty Braves common stock, par value $0.01 per share, Series A Liberty Formula One common stock, par value $0.01 per share, Series B Liberty SiriusXM common stock, par value $0.01 per share, Series B Liberty Braves common stock, par value $0.01 per share, and Series B Liberty Formula One common stock, par value $0.01 per share, in each case, outstanding as of 5:00 p.m., New York City time, on March 31, 2020, the record date for the annual meeting, will be entitled to notice of the annual meeting and to vote at the annual meeting or any adjournment or postponement thereof. These holders will vote together as a single class on each proposal. A list of stockholders entitled to vote at the annual meeting will be available at our offices at 12300 Liberty Boulevard, Englewood, Colorado 80112 for review by our stockholders for any purpose germane to the annual meeting for at least ten days prior to the annual meeting. If you have any questions with respect to accessing this list, please contact Liberty Media Investor Relations at (877) 772-1518. The holders of record of our Series C Liberty SiriusXM common stock, par value $0.01 per share, Series C Liberty Braves common stock, par value $0.01 per share, and Series C Liberty Formula One common stock, par value $0.01 per share, are not entitled to any voting powers, except as required by Delaware law, and may not vote on the proposals to be presented at the annual meeting.
We describe the proposals in more detail in the accompanying proxy statement. We encourage you to read the proxy statement in its entirety before voting.
Our board of directors has unanimously approved each proposal and recommends that you vote “FOR” the election of each director nominee and “FOR” the auditors ratification proposal.

 
Votes may be cast electronically during the annual meeting via the Internet or by proxy prior to the meeting by telephone, via the Internet, or by mail.
Important Notice Regarding the Availability of Proxy Materials For the Annual Meeting of Stockholders to be Held on May 21, 2020: our Notice of Annual Meeting of Stockholders, Proxy Statement, and 2019 Annual Report to Stockholders are available at www.proxyvote.com.
YOUR VOTE IS IMPORTANT. Voting promptly, regardless of the number of shares you own, will aid us in reducing the expense of any further proxy solicitation in connection with the annual meeting.
By order of the board of directors,
[MISSING IMAGE: sg_michael-hurelbrink.jpg]
Michael E. Hurelbrink
Assistant Vice President and Secretary
Englewood, Colorado
April 13, 2020
WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING, PLEASE VOTE PROMPTLY VIA TELEPHONE OR ELECTRONICALLY VIA THE INTERNET. ALTERNATIVELY, PLEASE COMPLETE, SIGN AND RETURN BY MAIL THE ENCLOSED PAPER PROXY CARD.

TABLE OF CONTENTS
PROXY STATEMENT SUMMARY
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PROXY STATEMENT SUMMARY
2020 ANNUAL MEETING OF STOCKHOLDERS
WHEN
8:15 a.m., Mountain time, on May 21, 2020
WHERE
The annual meeting can be accessed virtually via the Internet by visiting www.virtualshareholdermeeting.com/LMC2020
RECORD DATE
5:00 p.m., New York City time, on March 31, 2020
ITEMS OF BUSINESS
1.
Election of directors proposal—To elect Evan D. Malone, David E. Rapley and Larry E. Romrell to continue serving as Class I members of our board until the 2023 annual meeting of stockholders or their earlier resignation or removal.
2.
Auditors ratification proposal—To ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2020.
Such other business as may properly come before the annual meeting.
WHO MAY VOTE
Holders of shares of LSXMA, LSXMB, BATRA, BATRB, FWONA and FWONB. Holders of shares of LSXMK, FWONK, and BATRK are NOT eligible to vote at the annual meeting.
PROXY VOTING
Stockholders of record on the record date are entitled to vote by proxy in the following ways:
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By calling 1-800-690-6903
(toll free) in the United States or
Canada
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Online at
www.proxyvote.com
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By returning a properly
completed, signed and dated
proxy card
ANNUAL MEETING AGENDA AND VOTING RECOMMENDATIONS
Proposal
Voting
Recommendation
Page Reference
(for more detail)
Election of directors proposal 17
Auditors ratification proposal FOR 22
 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

LIBERTY MEDIA CORPORATION
a Delaware corporation
12300 Liberty Boulevard
Englewood, Colorado 80112
(720) 875-5400
PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS
We are furnishing this proxy statement in connection with the board of directors’ solicitation of proxies for use at our 2020 Annual Meeting of Stockholders to be held at 8:15 a.m., Mountain time, on May 21, 2020, or at any adjournment or postponement of the annual meeting. Due to concerns about COVID-19, this year the annual meeting will be held via the Internet and will be a completely virtual meeting of stockholders. You may attend the meeting, submit questions and vote your shares electronically during the meeting via the Internet by visiting www.virtualshareholdermeeting.com/LMC2020. At the annual meeting, we will ask you to consider and vote on the proposals described in the accompanying Notice of Annual Meeting of Stockholders. The proposals are described in more detail in this proxy statement. We are soliciting proxies from holders of our Series A Liberty SiriusXM common stock, par value $0.01 per share (LSXMA), Series A Liberty Braves common stock, par value $0.01 per share (BATRA), Series A Liberty Formula One common stock, par value $0.01 per share (FWONA), Series B Liberty SiriusXM common stock, par value $0.01 per share (LSXMB), Series B Liberty Braves common stock, par value $0.01 per share (BATRB), and Series B Liberty Formula One common stock, par value $0.01 per share (FWONB). The holders of our Series C Liberty SiriusXM common stock, par value $0.01 per share (LSXMK), Series C Liberty Braves common stock, par value $0.01 per share (BATRK), and Series C Liberty Formula One common stock, par value $0.01 per share (FWONK), are not entitled to any voting powers, except as required by Delaware law, and may not vote on the proposals to be presented at the annual meeting. We refer to LSXMA, LSXMB, LSXMK, BATRA, BATRB, BATRK, FWONA, FWONB and FWONK together as our common stock.
THE ANNUAL MEETING
Electronic Delivery
Registered stockholders may elect to receive future notices and proxy materials by e-mail. To sign up for electronic delivery, go to www.proxyvote.com. Stockholders who hold shares through a bank, brokerage firm or other nominee may sign up for electronic delivery when voting by Internet at www.proxyvote.com, by following the prompts. Also, stockholders who hold shares through a bank, brokerage firm or other nominee may sign up for electronic delivery by contacting their nominee. Once you sign up, you will not receive a printed copy of the notices and proxy materials, unless you request them. If you are a registered stockholder, you may suspend electronic delivery of the notices and proxy materials at any time by contacting our transfer agent, Broadridge, at (888) 789-8415 (outside the United States (303) 562-9273). Stockholders who hold shares through a bank, brokerage firm or other nominee should contact their nominee to suspend electronic delivery.
Time, Place and Date
The annual meeting of stockholders is to be held at 8:15 a.m., Mountain time, on May 21, 2020. Due to concerns about COVID-19, this year the annual meeting will be held via the Internet and will be a completely virtual meeting of stockholders. You may attend the meeting, submit questions and vote your shares electronically during the meeting via the Internet by visiting www.virtualshareholdermeeting.com/LMC2020. To enter the annual meeting, you will need the 16-digit control number that is printed in the box marked by the arrow on your proxy card. We recommend logging in at least fifteen minutes before the meeting to ensure that you are logged in when the meeting starts. Online check-in will start shortly before the meeting on May 21, 2020.
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 1

Purpose
At the annual meeting, you will be asked to consider and vote on each of the following:

the election of directors proposal, to elect Evan D. Malone, David E. Rapley and Larry E. Romrell to continue serving as Class I members of our board until the 2023 annual meeting of stockholders or their earlier resignation or removal; and

the auditors ratification proposal, to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2020.
You may also be asked to consider and vote on such other business as may properly come before the annual meeting, although we are not aware at this time of any other business that might come before the annual meeting.
Quorum
In order to conduct the business of the annual meeting, a quorum must be present. This means that the holders of at least a majority of the aggregate voting power represented by the shares of our common stock outstanding on the record date and entitled to vote at the annual meeting must be represented at the annual meeting either in person or by proxy. Virtual attendance at the annual meeting also constitutes presence in person for purposes of quorum at the meeting. For purposes of determining a quorum, your shares will be included as represented at the meeting even if you indicate on your proxy that you abstain from voting. If a broker, who is a record holder of shares, indicates on a form of proxy that the broker does not have discretionary authority to vote those shares on a particular proposal or proposals, or if those shares are voted in circumstances in which proxy authority is defective or has been withheld, those shares (broker non-votes) will nevertheless be treated as present for purposes of determining the presence of a quorum. See “—Voting Procedures for Shares Held in Street Name—Effect of Broker Non-Votes” below.
Who May Vote
Holders of shares of LSXMA, LSXMB, BATRA, BATRB, FWONA and FWONB, as recorded in our stock register as of 5:00 p.m., New York City time, on March 31, 2020 (such date and time, the record date for the annual meeting), will be entitled to notice of the annual meeting and to vote at the annual meeting or any adjournment or postponement thereof.
Votes Required
Each director nominee who receives a plurality of the combined voting power of the outstanding shares of our common stock present in person or represented by proxy at the annual meeting and entitled to vote on the election of directors at the annual meeting, voting together as a single class, will be elected to the office.
Approval of the auditors ratification proposal requires the affirmative vote of a majority of the combined voting power of the outstanding shares of our common stock that are present in person or by proxy, and entitled to vote at the annual meeting, voting together as a single class.
Virtual attendance at the annual meeting also constitutes presence in person for purposes of each required vote.
Votes You Have
At the annual meeting, holders of shares of LSXMA, BATRA and FWONA will have one vote per share, and holders of shares of LSXMB, BATRB and FWONB will have ten votes per share, in each case, that our records show are owned as of the record date. Holders of LSXMK, BATRK and FWONK will not be eligible to vote at the annual meeting.
Recommendation of Our
Board of Directors
Our board of directors has unanimously approved each of the proposals and recommends that you vote “FOR” the election of each director nominee and “FOR” the auditors ratification proposal.
Shares Outstanding
As of the record date, 101,421,424 shares of LSXMA, 9,808,232 shares of LSXMB, 10,312,675 shares of BATRA, 981,824 shares of BATRB, 25,834,426 shares of FWONA and 2,448,141 shares of FWONB were issued and outstanding and entitled to vote at the annual meeting.
2 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

THE ANNUAL MEETING
Number of Holders
There were, as of the record date, 1,066 and 59 record holders of LSXMA and LSXMB, respectively, 1,782 and 36 record holders of BATRA and BATRB, respectively, and 746 and 54 record holders of FWONA and FWONB, respectively (which amounts do not include the number of stockholders whose shares are held of record by banks, brokers or other nominees, but include each such institution as one holder).
Voting Procedures for Record Holders
Holders of record of LSXMA, LSXMB, BATRA, BATRB, FWONA and FWONB as of the record date may vote via the Internet at the annual meeting or prior to the annual meeting by telephone or through the Internet. Alternatively, they may give a proxy by completing, signing, dating and returning the proxy card by mail.
Holders of record may vote their shares electronically during the meeting via the Internet by visiting www.virtualshareholdermeeting.com/LMC2020. To enter the annual meeting, holders will need the 16-digit control number that is printed in the box marked by the arrow on their proxy card. We recommend logging in at least fifteen minutes before the meeting to ensure that they are logged in when the meeting starts. Online check-in will start shortly before the meeting on May 21, 2020.
Instructions for voting prior to the annual meeting by using the telephone or the Internet are printed on the proxy voting instructions attached to the proxy card. In order to vote prior to the annual meeting through the Internet, holders should have their proxy cards available so they can input the required information from the proxy card, and log onto the Internet website address shown on the proxy card. When holders log onto the Internet website address, they will receive instructions on how to vote their shares. The telephone and Internet voting procedures are designed to authenticate votes cast by use of a personal identification number, which will be provided to each voting stockholder separately. Unless subsequently revoked, shares of our common stock represented by a proxy submitted as described herein and received at or before the annual meeting will be voted in accordance with the instructions on the proxy.
YOUR VOTE IS IMPORTANT. It is recommended that you vote by proxy even if you plan to attend the annual meeting. You may change your vote at the annual meeting.
If you submit a properly executed proxy without indicating any voting instructions as to a proposal enumerated in the Notice of Annual Meeting of Stockholders, the shares represented by the proxy will be voted “FOR” the election of each director nominee and “FOR” the auditors ratification proposal.
If you submit a proxy indicating that you abstain from voting as to a proposal, it will have no effect on the election of directors proposal and will have the same effect as a vote “AGAINST” the auditors ratification proposal.
If you do not submit a proxy or you do not vote at the annual meeting, your shares will not be counted as present and entitled to vote for purposes of determining a quorum, and your failure to vote will have no effect on determining whether any of the proposals are approved (if a quorum is present).
Voting Procedures for Shares Held in Street Name
General
If you hold your shares in the name of a broker, bank or other nominee, you should follow the instructions provided by your broker, bank or other nominee when voting your shares or to grant or revoke a proxy. The rules and regulations of the New York Stock Exchange and The Nasdaq Stock Market LLC (Nasdaq) prohibit brokers, banks and other nominees from voting shares on behalf of their clients without specific instructions from their clients with respect to numerous matters, including, in our case, the election of directors proposal. Accordingly, to ensure your shares held in street name are voted on these matters, we encourage you to provide promptly specific voting instructions to your broker, bank or other nominee.
Effect of Broker Non-Votes
Broker non-votes are counted as shares of our common stock present and entitled to vote for purposes of determining a quorum but will have no effect on any of the proposals. You should follow the directions your broker, bank or other nominee provides to you regarding how to vote your shares of LSXMA, BATRA, FWONA, LSXMB, BATRB or FWONB or how to change your vote or revoke your proxy.
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 3

Revoking a Proxy
If you submitted a proxy prior to the start of the annual meeting, you may change your vote by attending the annual meeting online and voting via the Internet at the annual meeting or by delivering a signed proxy revocation or a new signed proxy with a later date to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. Any signed proxy revocation or later-dated proxy must be received before the start of the annual meeting. In addition, you may change your vote through the Internet or by telephone (if you originally voted by the corresponding method) not later than 11:59 p.m., New York City time, on May 20, 2020 for shares held directly.
Your attendance at the annual meeting will not, by itself, revoke a prior vote or proxy from you.
If your shares are held in an account by a broker, bank or other nominee, you should contact your nominee to change your vote or revoke your proxy.
Solicitation of Proxies
We are soliciting proxies by means of our proxy statement and our annual report (together, the proxy materials) on behalf of our board of directors. In addition to this mailing, our employees may solicit proxies personally or by telephone. We pay the cost of soliciting these proxies. We also reimburse brokers and other nominees for their expenses in sending paper proxy materials to you and getting your voting instructions.
If you have any further questions about voting or attending the annual meeting, please contact Liberty Media Investor Relations at (877) 772-1518 or Broadridge at (888) 789-8415 (outside the United States (303) 562-9273).
Other Matters to Be Voted on at the Annual Meeting
Our board of directors is not currently aware of any business to be acted on at the annual meeting other than that which is described in the Notice of Annual Meeting of Stockholders and this proxy statement. If, however, other matters are properly brought to a vote at the annual meeting, the persons designated as proxies will have discretion to vote or to act on these matters according to their best judgment. In the event there is a proposal to adjourn or postpone the annual meeting, the persons designated as proxies will have discretion to vote on that proposal.
4 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Security Ownership of Certain Beneficial Owners
The following table sets forth information concerning shares of our common stock beneficially owned by each person or entity known by us to own more than five percent of the outstanding shares of each series of our voting stock. All of such information is based on publicly available filings, unless otherwise known to us from other sources.
Unless otherwise indicated, the security ownership information is given as of April 1, 2020 and, in the case of percentage ownership information, is based upon (1) 101,421,424 LSXMA shares, (2) 9,808,232 LSXMB shares, (3) 203,061,774 LSXMK shares, (4) 10,312,675 BATRA shares, (5) 981,824 BATRB shares, (6) 39,898,713 BATRK shares, (7) 25,834,426 FWONA shares, (8) 2,448,141 FWONB shares and (9) 203,371,301 FWONK shares, in each case, outstanding on February 29, 2020. The percentage voting power is presented on an aggregate basis for all LSXMA, LSXMB, BATRA, BATRB, FWONA and FWONB shares.
Name and Address of Beneficial Owner
Title of
Series
Amount and
Nature of
Beneficial
Ownership
Percent of
Series
(%)
Voting
Power
(%)
John C. Malone
c/o Liberty Media Corporation
12300 Liberty Boulevard
Englewood, CO 80112
LSXMA
1,167,728(1) 1.2 47.9
LSXMB 9,455,341(1) 96.4
LSXMK 15,299,289(1) 7.5
BATRA 116,771(1) 1.1
BATRB 945,532(1) 96.3
BATRK 2,989,140(1) 7.5
FWONA 291,930(1) 1.1
FWONB 2,363,834(1) 96.6
FWONK 4,612,731(1) 2.3
Berkshire Hathaway, Inc.
3555 Farnam Street
Omaha, NE 68131
LSXMA
14,860,360(2) 14.7 5.5
LSXMB
LSXMK 31,090,985(2) 15.3
BATRA
BATRB
BATRK
FWONA
FWONB
FWONK
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
LSXMA
6,196,797(3) 6.1 2.7
LSXMB
LSXMK 10,430,711(3) 5.1
BATRA 697,514(3) 6.8
BATRB
BATRK 2,528,779(3) 6.3
FWONA 1,089,171(3) 4.2
FWONB
FWONK 12,408,726(3) 6.1
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 5

Name and Address of Beneficial Owner
Title of
Series
Amount and
Nature of
Beneficial
Ownership
Percent of
Series
(%)
Voting
Power
(%)
The Vanguard Group
100 Vanguard Blvd.
Malvern, PA 19355
LSXMA
8,221,313(4) 8.1 *
LSXMB
LSXMK 14,245,890(4) 7.0
BATRA 499,515(5) 4.8
BATRB
BATRK 1,992,019(4) 5.0
FWONA 2,429,896(4) 9.4
FWONB
FWONK 17,440,845(4) 8.6
Park West Asset Management LLC
900 Larkspur Landing Circle
Suite 165
Larkspur, CA 94939
LSXMA
*
LSXMB
LSXMK
BATRA 677,414(6) 6.6
BATRB
BATRK 2,796,566(6) 7.0
FWONA
FWONB
FWONK
GAMCO Investors, Inc.
One Corporate Center
Rye, NY 10580
LSXMA
709,862(7) * 1.0
LSXMB
LSXMK 648,906(7) *
BATRA 2,126,553(8) 20.6
BATRB
BATRK 1,660,079(7) 4.2
FWONA 96,380(7) *
FWONB
FWONK 160,685(7) *
Ancient Art, L.P.
500 West 5th Street
Suite 1110
Austin, TX 78701
LSXMA
1.0
LSXMB
LSXMK
BATRA
BATRB
BATRK
FWONA 2,593,428(9) 10.0
FWONB
FWONK 604,000(9) *
6 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Name and Address of Beneficial Owner
Title of
Series
Amount and
Nature of
Beneficial
Ownership
Percent of
Series
(%)
Voting
Power
(%)
Southeastern Asset Management, Inc.
6410 Poplar Avenue,
Suite 900
Memphis, TN 38119
LSXMA
*
LSXMB
LSXMK
BATRA
BATRB
BATRK
FWONA 2,343,015(10) 9.1
FWONB
FWONK 976,096(10) *
UBS AG Group
Bahnhofstrasse
45 Zurich,
Switzerland
LSXMA
274,774(11) * *
LSXMB
LSXMK 588,310(11) *
BATRA 1,140,100(11) 11.1
BATRB
BATRK 33,161(11) *
FWONA 4,766(11) *
FWONB
FWONK 523,935(11) 6.8
*
Less than one percent
(1)
Information with respect to shares of our common stock beneficially owned by Mr. Malone, our Chairman of the Board, is also set forth in “—Security Ownership of Management.”
(2)
Based on Form 13F, filed February 14, 2020, by Berkshire Hathaway, Inc. (Berkshire Hathaway), with respect to itself and certain related institutional investment managers, including Warren E. Buffett (Mr. Buffett), GEICO Corp. (GEICO), National Fire & Marine Insurance Co. (National Fire) and National Indemnity Co (National Indemnity), which Form 13F reports sole voting power, shared voting power, sole investment discretion, and shared investment discretion for shares of LSXMA and LSXMK as follows:
Title of
Series
Sole Voting
Power
Shared
Voting
Power
Sole
Investment
Discretion
Shared
Investment
Discretion
Berkshire Hathaway and Mr. Buffett
LSXMA 4,308,117 4,308,117
LSXMK 7,153,027 7,153,027
Berkshire Hathaway, Mr. Buffett and National Fire
LSXMA 933,391 933,391
LSXMK 508,654 508,654
Berkshire Hathaway, Mr. Buffett and National Indemnity
LSXMA 1,827,072 1,827,072
LSXMK 4,069,394 4,069,394
Berkshire Hathaway, Mr. Buffett, GEICO and National Indemnity
LSXMA 7,791,780 7,791,780
LSXMK 19,359,910 19,359,910
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 7

(3)
Based on (i) Schedule 13G, filed February 10, 2020, by BlackRock, Inc. (BlackRock), a parent holding company, with respect to its ownership of shares of LSXMK, (ii) Schedule 13G, filed February 7, 2020, by BlackRock, with respect to its ownership of shares of FWONK, (iii) three separate filings, each an Amendment No. 3 to Schedule 13G filed February 5, 2020 by BlackRock, with respect to its ownership of shares of LSXMA, BATRA and BATRK, respectively, and (iii) Form 13F, filed February 13, 2020, by BlackRock with respect to its ownership of shares of FWONA, Blackrock has sole voting power, shared voting power, sole dispositive power/​investment discretion, and shared dispositive power/investment discretion over these shares as provided in the following table. All shares covered by such filings are held by BlackRock and/or its subsidiaries.
Title of
Series
Sole Voting
Power
Shared
Voting
Power
Sole
Dispositive
Power/​
Investment
Discretion
Shared
Dispositive
Power/​
Investment
Discretion
LSXMA 5,636,919 6,196,797
LSXMK 9,271,441 10,430,711
BATRA 674,887 697,514
BATRK 2,466,187 2,528,779
FWONA 1,023,075 1,089,171
FWONK 11,297,761 12,408,726
(4)
Based on (i) four separate filings with respect to LSXMA, LSXMK, FWONA and FWONK, each an Amendment No. 3 to Schedule 13G filed February 12, 2020 by The Vanguard Group (Vanguard) and (ii) with respect to BATRK, a Schedule 13G filed February 11, 2020 by Vanguard, which state that Vanguard, with respect to its ownership of shares of each of LSXMA, LSXMK, BATRK, FWONA and FWONK, has sole voting power, shared voting power, sole dispositive power, and shared dispositive power over these shares as follows:
Title of
Series
Sole Voting
Power
Shared
Voting
Power
Sole
Dispositive
Power
Shared
Dispositive
Power
LSXMA 59,887 17,045 8,148,666 72,647
LSXMK 116,856 65,613 14,075,599 170,291
BATRK 75,616 2,600 1,918,596 73,423
FWONA 16,072 2,413,824 16,072
FWONK 138,244 48,647 17,274,601 166,244
(5)
Based on Form 13F, filed February 14, 2020, by Vanguard, with respect to itself and certain related institutional investment managers, including Vanguard Fiduciary Trust Co (Trust Co) and Vanguard Investments Australia, Ltd. (Australia), which Form 13F reports sole voting power, shared voting power, sole investment discretion, and shared investment discretion for shares of BATRA as follows:
Title of
Series
Sole Voting
Power
Shared
Voting
Power
Sole
Investment
Discretion
Shared
Investment
Discretion
Vanguard BATRA 478,027
Vanguard and Trust Co BATRA 19,795 19,795
Vanguard and Australia BATRA 1,693 1,693
(6)
Based on (i) Amendment No. 4 to Schedule 13G, filed February 14, 2020, jointly by Park West Asset Management LLC (PWAM), Park West Investors Master Fund, Limited (PWIMF) and Peter S. Park, which states that, with respect to BATRA shares, each of PWAM and Peter S. Park has shared voting power and shared dispositive power over 677,414 shares and PWIMF has shared voting power and shared dispositive power over 614,950 shares and (ii) Form 13F, filed February 14, 2020, by PWAM, which states that PWAM has sole investment discretion and sole voting power over 2,796,566 BATRK shares.
(7)
Based on Form 13F, filed February 14, 2020, by GAMCO Investors, Inc. (GBL), which reports that GBL has sole investment discretion over 709,862 LSXMA shares and sole voting power over 674,605 LSXMA shares, sole investment discretion over 648,906 LSXMK shares and sole voting power over 593,804 LSXMK shares, sole investment discretion over 1,660,079 BATRK shares and sole voting power over 1,480,252 BATRK shares, sole investment discretion over 96,380 FWONA shares and sole voting power over 92,125 FWONA shares, and sole investment discretion over 160,685 FWONK shares and sole voting power over 146,458 FWONK shares.
(8)
Based on Amendment No. 14 to Schedule 13D, filed on April 2, 2020, jointly by Gabelli Funds, LLC (Gabelli Funds), GAMCO Asset Management Inc. (GAMCO), MJG Associates, Inc. (MJG), Gabelli & Company Investment Advisers, Inc. (GCIA), GGCP, Inc. (GGCP), GBL, Associated Capital Group, Inc. (AC), Gabelli Foundation, Inc. (Foundation) and Mario J. Gabelli (Mr. Gabelli) with respect to BATRA shares. Mr. Gabelli is deemed to have beneficial ownership of the shares owned beneficially by each of such persons. AC, GBL and GGCP are deemed to have beneficial ownership of the shares owned beneficially by each of such persons other than Mr. Gabelli and the Foundation.
8 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
These entities have reported sole voting power, shared voting power, sole dispositive power and shared dispositive power over these shares as follows:
Title of
Series
Sole
Voting
Power
Shared
Voting
Power
Sole
Dispositive
Power
Shared
Dispositive
Power
Gabelli Funds BATRA 304,400 304,400
GAMCO BATRA 1,654,830 1,724,537
MJG BATRA 2,006 2,006
GCIA BATRA 5,200 5,200
Mario J. Gabelli BATRA 50,000 50,000
AC BATRA 410 410
GGCP BATRA 30,000 30,000
Foundation BATRA 10,000 10,000
(9)
Based on Form 13F, filed February 14, 2020, by Ancient Art, L.P. (Ancient), which states that Ancient has sole investment discretion and sole voting power over 2,593,428 FWONA shares and sole investment discretion and sole voting power over 604,000 FWONK shares.
(10)
Based on (i) Amendment No. 1 to Schedule 13G, filed February 14, 2020, jointly by Southeastern Asset Management, Inc. (Southeastern), Longleaf Partners Small-Cap Fund (Longleaf), and O. Mason Hawkins, which states that, with respect to FWONA shares, each of Southeastern and Longleaf has shared voting power and shared dispositive power over 2,322,149 shares and Southeastern has sole dispositive power over 20,866 shares, and (ii) Form 13F, filed February 14, 2020 by Southeastern, with respect to itself and certain related institutional investment managers, including Longleaf, which Form 13F reports, with respect to FWONK shares, Southeastern’ s sole dispositive power over 9,434 shares, and Southeastern and Longleaf’s shared dispositive power and sole voting power over 966,662 shares.
(11)
Based on (i) Amendment No. 2 to Schedule 13G, filed February 12, 2020, by UBS Group AG (UBS Group), a parent holding company, on behalf of UBS Asset Management Americas Inc. (UBS Americas) which states that, with respect to BATRA shares held by UBS Americas and its subsidiaries and affiliates, UBS Americas has sole voting power over 1,082,242 shares and shared dispositive power over 1,140,100 shares, and (ii) Form 13F, filed February 14, 2020, by UBS Americas, with respect to itself and certain related institutional investment managers, including UBS Group, UBS Asset Management Trust Company (UBS AM Trust), UBS AG/UBS Asset Management (UBS AG), UBS Asset Management (UK) Ltd (UBS UK), and UBS Asset Management Life Ltd (UBS Life), which Form 13F reports sole voting power, shared voting power, sole investment discretion, and shared investment discretion as follows:
Title of
Series
Sole Voting
Power
Shared
Voting
Power
Sole
Investment
Discretion
Shared
Investment
Discretion
UBS Americas
LSXMA 32,952 28,741 12,662
LSXMK 62,340 53,148 23,903
BATRK
FWONA
FWONK 59,501 60,810 14,837
UBS Americas and UBS Group
LSXMA 16,088
LSXMK 31,538
BATRK
FWONA 4,766
FWONK 37,696
UBS Americas and UBS AM Trust
LSXMA 27,297 27,297
LSXMK 14,971 14,971
BATRK
FWONA
FWONK 17,940 17,940
UBS Americas and UBS AG
LSXMA 98,908 125,959 328
LSXMK 187,011 234,416 453
BATRK 12,900 20,695
FWONA
FWONK 241,448 289,225 506
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 9

Title of
Series
Sole Voting
Power
Shared
Voting
Power
Sole
Investment
Discretion
Shared
Investment
Discretion
UBS Americas and UBS UK
LSXMA 40,090 720 1,722 61,977
LSXMK 169,027 1,263 3,783 217,181
BATRK 10,366 2,383 10,083
FWONA
FWONK 48,100 1,689 2,560 100,361
UBS Americas and UBS Life
LSXMA
LSXMK 8,917 8,917
BATRK
FWONA
FWONK
10 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Security Ownership of Management
The following table sets forth information with respect to the ownership by each of our directors and named executive officers (as defined herein) and by all of our directors and executive officers as a group of shares of (1) each series of our common stock (LSXMA, LSXMB, LSXMK, BATRA, BATRB, BATRK, FWONA, FWONB and FWONK) and (2) the common stock, par value $0.001 per share (SIRI), of Sirius XM Holdings Inc. (Sirius XM), in which we hold a controlling interest. The security ownership information with respect to our common stock is given as of February 29, 2020 and, in the case of percentage ownership information, is based upon (1) 101,421,424 LSXMA shares, (2) 9,808,232 LSXMB shares, (3) 203,061,774 LSXMK shares, (4) 10,312,675 BATRA shares, (5) 981,824 BATRB shares, (6) 39,898,713 BATRK shares, (7) 25,834,426 FWONA shares, (8) 2,448,141 FWONB shares and (9) 203,371,301 FWONK shares, in each case, outstanding on that date. The security ownership information with respect to SIRI is given as of February 29, 2020, and, in the case of percentage ownership information, is based on 4,413,944,475 SIRI shares outstanding on January 31, 2020. The percentage voting power with respect to our company is presented in the table below on an aggregate basis for all LSXMA, LSXMB, BATRA, BATRB, FWONA and FWONB shares.
Shares of common stock issuable upon exercise or conversion of options, warrants and convertible securities that were exercisable or convertible on or within 60 days after February 29, 2020 are deemed to be outstanding and to be beneficially owned by the person holding the options, warrants or convertible securities for the purpose of computing the percentage ownership of that person and for the aggregate percentage owned by the directors and named executive officers as a group, but are not treated as outstanding for the purpose of computing the percentage ownership of any other individual person. For purposes of the following presentation, beneficial ownership of shares of LSXMB, BATRB or FWONB, though convertible on a one-for-one basis into shares of LSXMA, BATRA or FWONA, respectively, are reported as beneficial ownership of LSXMB, BATRB or FWONB only, and not as beneficial ownership of LSXMA, BATRA or FWONA, respectively. So far as is known to us, the persons indicated below have sole voting and dispositive power with respect to the shares indicated as owned by them, except as otherwise stated in the notes to the table.
The number of shares indicated as owned by the persons in the table includes interests in shares held by the Liberty Media 401(k) Savings Plan as of February 29, 2020. The shares held by the trustee of the Liberty Media 401(k) Savings Plan for the benefit of these persons are voted as directed by such persons.
Name
Title of
Series
Amount and Nature of
Beneficial Ownership
(In thousands)
Percent of
Series
(%)
Voting
Power
(%)
John C. Malone
Chairman of the Board and Director
LSXMA
1,168(1)(2)(3) 1.2 47.9
LSXMB
9,455(1)(4)(5) 96.4
LSXMK
15,299(1)(3)(5)(6) 7.5
BATRA
117(1)(2)(3) 1.1
BATRB
946(1)(4)(5) 96.3
BATRK
2,989(1)(3)(5)(6) 7.5
FWONA
292(1)(2)(3) 1.1
FWONB
2,364(1)(4)(5) 96.6
FWONK
4,613(1)(3)(5)(6) 2.3
SIRI
267(3) * *
Gregory B. Maffei
President, Chief
Executive Officer and
Director
LSXMA
1,813(8)(9)(10) 1.8 1.1
LSXMB
37 *
LSXMK
10,189(6)(7)(8)(9)(10) 4.9
BATRA
181(8)(9) 1.8
BATRB
4 *
BATRK
1,319(6)(7)(8)(9) 3.3
FWONA
401(8)(9) 1.6
FWONB
9 *
FWONK
2,561(6)(7)(8)(9) 1.3
SIRI
518 * *
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 11

Name
Title of
Series
Amount and Nature of
Beneficial Ownership
(In thousands)
Percent of
Series
(%)
Voting
Power
(%)
Robert R. Bennett
Director
LSXMA
760(11) * *
LSXMB
LSXMK
1,532(11) *
BATRA
76(11) *
BATRB
BATRK
268(11) *
FWONA
190(11) *
FWONB
FWONK
384(11) *
SIRI
Brian M. Deevy
Director
LSXMA
10(12) * *
LSXMB
LSXMK
21(7)(12) *
BATRA
1(12) *
BATRB
BATRK
3(7)(12) *
FWONA
3(12) *
FWONB
FWONK
9(7)(12) *
SIRI
M. Ian G. Gilchrist
Director
LSXMA
1 * *
LSXMB
LSXMK
25(7) *
BATRA
** *
BATRB
BATRK
4(7) *
FWONA
** *
FWONB
FWONK
14(7) *
SIRI
Evan D. Malone
Director
LSXMA
11 * *
LSXMB
LSXMK
60(7) *
BATRA
1 *
BATRB
BATRK
8(7) *
FWONA
3 *
FWONB
FWONK
20(7) *
SIRI
279 * *
12 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Name
Title of
Series
Amount and Nature of
Beneficial Ownership
(In thousands)
Percent of
Series
(%)
Voting
Power
(%)
David E. Rapley
Director
LSXMA
4 * *
LSXMB
LSXMK
26(7) *
BATRA
BATRB
BATRK
3(7) *
FWONA
1 *
FWONB
FWONK
11(7) *
SIRI
Larry E. Romrell
Director
LSXMA
20 * *
LSXMB
** *
LSXMK
64(7) *
BATRA
2 *
BATRB
** *
BATRK
8(7) *
FWONA
5 *
FWONB
** *
FWONK
24(7) *
SIRI
Andrea L. Wong
Director
LSXMA
4 * *
LSXMB
LSXMK
37(7) *
BATRA
BATRB
BATRK
3(7) *
FWONA
** *
FWONB
FWONK
12(7) *
SIRI
Brian J. Wendling
Chief Accounting
Officer and Principal
Financial Officer
LSXMA
28 * *
LSXMB
LSXMK
118(7) *
BATRA
3 *
BATRB
BATRK
21(7) *
FWONA
7 *
FWONB
FWONK
33(7) *
SIRI
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 13

Name
Title of
Series
Amount and Nature of
Beneficial Ownership
(In thousands)
Percent of
Series
(%)
Voting
Power
(%)
Albert E. Rosenthaler
Chief Corporate Development
Officer
LSXMA
67 * *
LSXMB
LSXMK
284(6)(7) *
BATRA
7 *
BATRB
BATRK
55(6)(7) *
FWONA
17 *
FWONB
FWONK
89(6)(7) *
SIRI
Renee L. Wilm
Chief Legal Officer
LSXMA
LSXMB
LSXMK
BATRA
BATRB
BATRK
FWONA
FWONB
FWONK
SIRI
Mark D. Carleton
Senior Advisor and
Former Chief
Financial Officer
LSXMA
*
LSXMB
LSXMK
223 *
BATRA
5 *
BATRB
BATRK
36 *
FWONA
FWONB
FWONK
55 *
SIRI
205 * *
Richard N. Baer
Former Chief Legal
Officer and Chief
Administrative
Officer
LSXMA
LSXMB
LSXMK
BATRA
BATRB
BATRK
FWONA
FWONB
FWONK
SIRI
14 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Name
Title of
Series
Amount and Nature of
Beneficial Ownership
(In thousands)
Percent of
Series
(%)
Voting
Power
(%)
All directors and
executive officers as a
group (12 persons)
LSXMA
3,885(1)(2)(3)(8)(9)(10)(11)(12) 3.8 49.4
LSXMB
9,492(1)(4)(5) 96.8
LSXMK
27,654(1)(3)(5)(6)(7)(8)(9)(10)(11)(12) 13.2
BATRA
388(1)(2)(3)(8)(9)(11)(12) 3.8
BATRB
949(1)(4)(5) 96.7
BATRK
4,683(1)(3)(5)(6)(7)(8)(9)(11)(12) 11.5
FWONA
920(1)(2)(3)(8)(9)(11)(12) 3.6
FWONB
2,373(1)(4)(5) 96.9
FWONK
7,771(1)(3)(5)(6)(7)(8)(9)(11)(12) 3.8
SIRI
1,269(3) * *
*
Less than one percent
**
Less than 1,000 shares
(1)
Includes 101,778 LSXMA shares, 230,564 LSXMB shares, 729,057 LSXMK shares, 10,177 BATRA shares, 23,056 BATRB shares, 113,329 BATRK shares, 25,444 FWONA shares, 57,641 FWONB shares and 166,171 FWONK shares held in a revocable trust with respect to which Mr. Malone and Mr. Malone’s wife, Mrs. Leslie Malone, are trustees. Mrs. Malone has the right to revoke such trust at any time.
(2)
Includes (i) 250,000 LSXMA shares, 25,000 BATRA shares and 62,500 FWONA shares held by The Malone Family Land Preservation Foundation and (ii) 203,043 LSXMA shares, 20,304 BATRA shares and 50,760 FWONA shares held by The Malone Family Foundation, as to which shares Mr. Malone has disclaimed beneficial ownership.
(3)
Includes 612,907 LSXMA shares, 4,425,780 LSXMK shares, 61,290 BATRA shares, 1,095,786 BATRK shares, 153,226 FWONA shares, 1,125,186 FWONK shares and 267,141 SIRI shares pledged to Fidelity Brokerage Services, LLC (Fidelity); 2,221,475 LSXMK shares, 510,221 BATRK shares and 801,055 FWONK shares pledged to Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch); and 7,380,000 LSXMK shares, 1,102,500 BATRK shares and 1,875,000 FWONK shares pledged to Bank of America (BoA) in connection with margin loan facilities extended by BoA.
(4)
Includes 108,687 LSXMB shares, 10,868 BATRB shares, and 27,171 FWONB shares held by two trusts which are managed by an independent trustee, of which the beneficiaries are Mr. Malone’s adult children and in which Mr. Malone has no pecuniary interest. Mr. Malone retains the right to substitute assets held by the trusts and has disclaimed beneficial ownership of the shares held by the trusts.
(5)
Includes 490,597 LSXMB shares, 542,848 LSXMK shares, 49,059 BATRB shares, 167,293 BATRK shares, 122,649 FWONB shares and 245,298 FWONK shares held by a trust with respect to which Mr. Malone is the sole trustee and, with his wife, retains a unitrust interest in the trust.
(6)
Includes shares held in the Liberty Media 401(k) Savings Plan as follows:
LSXMK
BATRK
FWONK
John C. Malone 129 11 21
Gregory B. Maffei 38,683 3,811 9,541
Albert E. Rosenthaler 7,129 706 1,754
Total 45,941 4,528 11,316
(7)
Includes beneficial ownership of shares that may be acquired upon exercise of, or which relate to, stock options exercisable within 60 days after February 29, 2020.
LSXMK
BATRK
FWONK
Mark D. Carleton 215,745 21,448 43,591
Brian M. Deevy 14,188 1,837 7,133
M. Ian G. Gilchrist 24,907 3,683 12,932
Gregory B. Maffei 6,515,976 649,815 1,655,233
Evan D. Malone 35,302 4,423 13,580
David E. Rapley 17,651 2,211 6,789
Larry E. Romrell 35,302 4,423 13,580
Andrea L. Wong 23,302 3,229 8,548
Brian J. Wendling 85,736 8,710 21,764
Albert E. Rosenthaler 136,271 26,479 43,398
Total
7,104,380 726,258 1,826,548
(8)
Includes 305,768 LSXMA shares, 595,757 LSXMK shares, 30,576 BATRA shares, 29,043 BATRK shares, 14,758 FWONA shares and 72,313 FWONK shares held by The Maffei Foundation, as to which shares Mr. Maffei has disclaimed beneficial ownership.
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 15

(9)
Includes 680,989 LSXMA shares, 1,489,367 LSXMK shares, 119,007 BATRA shares, 492,012 BATRK shares, 170,247 FWONA shares and 671,937 FWONK shares pledged to Morgan Stanley Private Bank, National Association in connection with a loan facility.
(10)
Includes 759,969 LSXMA shares and 285,232 LSXMK shares held by a grantor retained annuity trust.
(11)
Includes 21,585 LSXMA shares, 43,170 LSXMK shares, 2,158 BATRA shares, 7,568 BATRK shares and 5,396 FWONA shares owned by Hilltop Investments, LLC, and 735,491 LSXMA shares, 1,482,231 LSXMK shares, 73,549 BATRA shares, 259,522 BATRK shares, 183,872 FWONA shares and 382,774 FWONK shares held by Hilltop Investments III, LLC, both of which are jointly owned by Mr. Bennett and his wife, Mrs. Deborah Bennett.
(12)
Includes 247 LSXMA shares, 494 LSXMK shares, 24 BATRA shares, 87 BATRK shares, 61 FWONA shares and 123 FWONK shares held by the WJD Foundation, over which Mr. Deevy has sole voting power.
Changes in Control
We know of no arrangements, including any pledge by any person of our securities, the operation of which may at a subsequent date result in a change in control of our company.
16 | LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT

PROPOSALS OF OUR BOARD
The following proposals will be presented at the annual meeting by our board of directors.
PROPOSAL 1—THE ELECTION OF DIRECTORS PROPOSAL
Board of Directors
Our board of directors currently consists of nine directors, divided among three classes. Our Class I directors, whose term will expire at the 2020 annual meeting, are Evan D. Malone, David E. Rapley and Larry E. Romrell. These directors are nominated for election to our board to continue serving as Class I directors, and we have been informed that Messrs. Malone, Rapley and Romrell are each willing to continue serving as a director of our company. The term of the Class I directors who are elected at the annual meeting will expire at the annual meeting of our stockholders in the year 2023. Our Class II directors, whose term will expire at the annual meeting of stockholders in the year 2021, are Brian M. Deevy, Gregory B. Maffei and Andrea L. Wong. Our class III directors, whose term will expire at the annual meeting of stockholders in the year 2022, are John C. Malone, Robert R. Bennett and M. Ian G. Gilchrist.
If any nominee should decline election or should become unable to serve as a director of our company for any reason before election at the annual meeting, votes will be cast by the persons appointed as proxies for a substitute nominee, if any, designated by the board of directors.
The following lists the three nominees for election as directors at the annual meeting and the six directors of our company whose term of office will continue after the annual meeting, and includes as to each person how long such person has been a director of our company, such person’s professional background, other public company directorships and other factors considered in the determination that such person possesses the requisite qualifications and skills to serve as a member of our board of directors. All positions referenced in the biographical information below with our company include, where applicable, positions with our predecessors. The number of shares of our common stock beneficially owned by each director is set forth in this proxy statement under the caption “Security Ownership of Certain Beneficial Owners and Management.”
Nominees for Election as Directors
Evan D. Malone

Age: 49

A director of our company.

Professional Background: Dr. Malone has served as a director of our company (including our predecessor) since September 2011. Since June 2009, he has served as President of NextFab Studio, LLC, which provides manufacturing-related technical training, product development, and business acceleration services. Since January 2008, Dr. Malone has served as the owner and manager of a real estate property and management company, 1525 South Street LLC. Dr. Malone has served as co-owner and director of Drive Passion PC Services, CC, an Internet café, telecommunications and document services company, in South Africa since 2007 and served as an applied physics technician for Fermi National Accelerator Laboratory, part of the national laboratory system of the Office of Science, U.S. Department of Energy, from 1999 until 2001. He also is a founding member of Jet Wine Bar, a wine bar, and Rex 1516, a restaurant, both in Philadelphia. Since November 2016, he has served as director and president of the NextFab Foundation, an IRS 501(c)(3) private operating foundation, which provides manufacturing-related technology and education to communities affected by economic or humanitarian distress.

Other Public Company Directorships: Dr. Malone has served as a director of Qurate Retail, Inc. (formerly named Liberty Interactive Corporation, Qurate Retail) since August 2008 and Sirius XM since May 2013.

Board Membership Qualifications: Dr. Malone brings an applied science and engineering perspective to the board. Dr. Malone’s perspectives assist the board in developing business strategies and adapting to technological changes facing the industries in which our company competes. In addition, his entrepreneurial experience assists the board in evaluating strategic opportunities.
LIBERTY MEDIA CORPORATION  2020 PROXY STATEMENT | 17

David E. Rapley

Age: 78

A director of our company.

Professional Background: Mr. Rapley has served as a director of our company (including our predecessor) since September 2011. Mr. Rapley founded Rapley Engineering Services, Inc. (RESI) and served as its Chief Executive Officer and President from 1985 to 1998. Mr. Rapley also served as Executive Vice President of Engineering of VECO Corp. Alaska (a company that acquired RESI in 1998) from January 1998 to December 2001. Mr. Rapley served as the President and Chief Executive Officer of Rapley Consulting, Inc. from January 2000 to December 2014. From 2003 to 2013, Mr. Rapley was a director of Merrick & Co., a private firm providing engineering and other services to domestic and international clients. From 2008 to 2011, Mr. Rapley was chairman of the board of Merrick Canada ULC.