LIBERTY LIVE HOLDINGS INC (LLYVA)
Sector: Consumer Discretionary
2026 Annual Meeting Analysis
LIBERTY LIVE HOLDINGS INC · Meeting: May 11, 2026
Directors FOR
1
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of Director Proposal
Mr. Kurtz joined the board in December 2025 in connection with the split-off from Liberty Media, making him exempt from the TSR performance trigger under the 24-month new-director exemption; he brings relevant financial expertise and serves as an independent director with no overboarding, attendance, or independence concerns.
Only one director is up for election this year — Bill Kurtz, who joined the board in December 2025. As a new director within the 24-month exemption window, the stock performance trigger does not apply. He is independent, chairs the Nominating and Corporate Governance Committee, and has no disqualifying flags under the voting policy.
Say on Pay
✓ FORCEO
Chad R. Hollingsworth
Total Comp
N/A
Prior Support
N/A
Liberty Live Holdings completed its split-off from Liberty Media in December 2025 and is presenting its first-ever say-on-pay vote; no direct cash compensation was paid by the company to any named executive officer in 2025, as salaries and bonuses are paid by Liberty Media under a services agreement. The only compensation attributable to Liberty Live Holdings consists of equity awards originally granted by Liberty Media and converted into Liberty Live Holdings awards at the time of the split-off, and the company has a meaningful clawback policy in place. Given that this is the company's inaugural compensation disclosure, no prior-year say-on-pay result exists, and the compensation structure — primarily equity-based with no direct cash salary paid by the company — passes the pay mix and pay-for-performance screens, supporting a FOR vote.
Auditor Ratification
✓ FORAuditor
KPMG LLP
Tenure
N/A
Audit Fees
$739,000
Non-Audit Fees
$0
KPMG charged $739,000 in audit fees and zero in non-audit fees for 2025, meaning the non-audit fee ratio is 0% — well below the 50% threshold that would raise independence concerns. Auditor tenure is not disclosed in the filing, so per policy the tenure trigger does not fire; KPMG is a Big 4 firm appropriate for a company of this size and complexity.
Overall Assessment
The 2026 Liberty Live Holdings annual meeting ballot is straightforward: one new independent director standing for his first election, ratification of KPMG as auditor with a clean fee profile, and the company's inaugural say-on-pay vote covering a year in which no direct cash compensation was paid by the company to executives. All three standard proposals pass the policy screens and receive FOR votes, while the say-on-frequency proposal draws a dissenting view favoring annual rather than triennial voting.