We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
SentinelOne Inc | NYSE:S | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.09 | -0.42% | 21.41 | 21.98 | 21.17 | 21.91 | 3,120,780 | 01:00:00 |
o
|
|
Preliminary Proxy Statement
|
|||
o
|
|
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
|
|||
o
|
|
Definitive Proxy Statement
|
|||
x
|
|
Definitive Additional Materials
|
|||
o
|
|
Soliciting Material under § 240.14a-12
|
|||
|
|
|
|
|
|
SPRINT CORPORATION
|
|||||
(Name of Registrant as Specified in Its Charter)
|
|||||
|
|||||
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
|
|||||
|
|||||
Payment of filing fee (Check the appropriate box):
|
|||||
x
|
|
No fee required.
|
|||
o
|
|
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
|
|||
|
|
(1
|
)
|
|
Title of each class of securities to which transaction applies:
|
|
|
(2
|
)
|
|
Aggregate number of securities to which transaction applies:
|
|
|
(3
|
)
|
|
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
|
|
|
(4
|
)
|
|
Proposed maximum aggregate value of transaction:
|
|
|
(5
|
)
|
|
Total fee paid:
|
|
|
|
|
|
|
o
|
|
Fee paid previously with preliminary materials:
|
|||
o
|
|
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.
|
|||
|
|
(1
|
)
|
|
Amount Previously Paid:
|
|
|
(2
|
)
|
|
Form, Schedule or Registration Statement No.:
|
|
|
(3
|
)
|
|
Filing Party:
|
|
|
(4
|
)
|
|
Date Filed:
|
•
|
Sprint Nextel’s Audit Firm
.
Prior to the completion of Sprint Nextel Corporation’s merger with SoftBank on July 10, 2013, KPMG LLP served as the independent registered accounting firm of Sprint Nextel.
|
•
|
New Audit Firm Following Merger
. Deloitte, who has long served as the accounting firm for SoftBank, began serving as the independent registered accounting firm of Sprint Corporation (which was formerly known as Starburst II, Inc. and was a wholly-owned by SoftBank prior to the Sprint Nextel merger with SoftBank), since its formation in 2012. Once Sprint Nextel and SoftBank merged, with Sprint as the surviving corporation, Sprint’s Audit Committee concluded that the company should continue to use Deloitte for audit services as, among other things, the use of Deloitte would be more cost effective given the firm’s existing service to SoftBank, which would benefit all shareholders.
|
•
|
FCC Order
. In 2004, the FCC adopted the 800 MHz Band Reconfiguration Order (the “
FCC
Order
”), which included new rules regarding, one, interference with public services (i.e. emergency services calls) in the 800 MHz spectrum band and, two, a comprehensive plan to reconfigure the 800 MHz band.
|
•
|
Sprint’s Obligation to Fund Costs Under the FCC Order.
As a result of the FCC Order, Sprint is required to fund certain costs associated with the reconfiguration of the 800 MHz band.
|
•
|
Deloitte Consulting’s Services on Behalf of the FCC.
The FCC Order provides for an independent Transition Administrator (“
TA
”) to oversee the band reconfiguration process on behalf of the FCC. In 2009, Deloitte Consulting LLP, one of Deloitte’s affiliates, (“
Deloitte
Consulting
”) entered into a subcontractor agreement with the TA to provide certain services to the TA
on behalf of the FCC and not Sprint
. Sprint is obligated to fund implementation of the FCC Order and, therefore, pays the fees of the TA and Deloitte Consulting.
|
•
|
Sprint Has Not Engaged and Has No Agreement with Deloitte Consulting
. Sprint had no part in the engagement of Deloitte Consulting, has no part in the continued engagement of Deloitte Consulting, and is not a party to this agreement with the TA, however, amounts are paid directly by Sprint for the services rendered to the TA by Deloitte Consulting pursuant to the FCC Order. We note in footnotes 5 and 6 of our proxy statement that Sprint pays these fees directly to Deloitte Consulting under the FCC Order.
|
•
|
Deloitte Consulting Provides No Services to Sprint
. The interaction between Deloitte Consulting and Sprint under the subcontractor agreement is limited to routine interactions of exchanging factual information relevant to Deloitte Consulting’s or Sprint’s obligations under the FCC Order. Deloitte Consulting has no obligation to provide services to or for Sprint. In addition, the FCC is the only entity that can compel any obligation. Sprint does not supervise, direct, manage, or otherwise have any responsibility or accountability for Deloitte Consulting’s products or services under the subcontractor agreement with the TA, other than to pay the costs associated with the FCC Order.
|
•
|
Non-Audit Fees are Under 25%, Excluding the FCC Order-Related Fees
. When excluding the $14.6 million of fees required to be paid to Deloitte Consulting for work performed on behalf of the FCC pursuant to the FCC Order, the non-audit fees are 23.62 percent of the total fees received by Deloitte in 2013 and the three-month transition period ended March 31, 2014, which is well below the 50% threshold.
|
•
|
Audit Committee’s Conclusion of Independence
. Given that the nature of this relationship with Deloitte and Deloitte Consulting, the Sprint Audit Committee concluded that payments made pursuant to the FCC Order do not affect the independence of Deloitte with respect to its audit of Sprint’s financial statements.
|
1 Year SentinelOne Chart |
1 Month SentinelOne Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions