CCI Crown Castle Inc

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 14A

(Rule 14a-101)

 

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

 

 

Filed by the Registrant ¨            Filed by a Party other than the Registrant x

 

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
x	Definitive Additional Materials
¨	Soliciting material Pursuant to §240.14a-12

 

Crown Castle Inc.

(Name of Registrant as Specified in Its Charter)

 

BOOTS PARALLEL 1, LP

BOOTS, LP

BOOTS GP, LLC

BOOTS CAPITAL MANAGEMENT, LLC

4M MANAGEMENT PARTNERS, LLC

4M INVESTMENTS, LLC

WRCB, L.P.

CHARLES CAMPBELL GREEN III

DAVID P. WHEELER

THEODORE B. MILLER, JR.

TRIPP H. RICE

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check the appropriate box):

 

x	No fee required.
¨	Fee paid previously with preliminary materials.
¨	Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

 

 

Boots Capital Management, LLC (“Boots Capital”), together with the other Participants named herein (“Boots”), have filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission (the “SEC”) to be used to solicit proxies for, among other matters, the election of their slate of director nominees at the 2024 annual meeting of stockholders (the “2024 Annual Meeting”) of Crown Castle Inc., a Delaware corporation (“Crown Castle” or the “Corporation”).  From time to time, Crown Castle and the other participants named herein may refer shareholders of the Corporation to such materials reproduced herein, recent articles or other materials.

 

On May 16, 2024, Boots Capital posted the content filed herewith as Exhibit 1 to its campaign website, available at www.RebootCrownCastle.com.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

 

The information herein contains “forward-looking statements.” Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should” or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe the Participants’ (as defined below) objectives, plans or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct. If one or more of the risks or uncertainties materialize, or if the underlying assumptions of Boots Capital (as defined below) or any of the other Participants in the proxy solicitation described herein prove to be incorrect, the actual results may vary materially from outcomes indicated by these statements. Accordingly, forward-looking statements should not be regarded as a representation by Boots Capital or the other Participants that the future plans, estimates or expectations contemplated will ever be achieved. You should not rely upon forward-looking statements as a prediction of actual results and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Except to the extent required by applicable law, neither Boots Capital nor any Participant will undertake and specifically declines any obligation to disclose the results of any revisions that may be made to any projected results or forward-looking statements herein to reflect events or circumstances after the date of such projected results or statements or to reflect the occurrence of anticipated or unanticipated events.

 

Certain statements and information included herein have been sourced from third parties. Boots Capital and the other Participants do not make any representations regarding the accuracy, completeness or timeliness of such third party statements or information. Except as may be expressly set forth herein, permission to cite such statements or information has neither been sought nor obtained from such third parties. Any such statements or information should not be viewed as an indication of support from such third parties for the views expressed herein.

 

CERTAIN INFORMATION CONCERNING THE PARTICIPANTS

 

The participants in the proxy solicitation are Boots Parallel 1, LP, Boots, LP, Boots Capital Management, LLC (“Boots Capital”), Boots GP, LLC, 4M Management Partners, LLC, 4M Investments, LLC, WRCB, L.P., Theodore B. Miller, Jr. and Tripp H. Rice (collectively, the “Boots Parties”); and Charles Campbell Green III and David P. Wheeler (together with Mr. Miller and Mr. Rice, the “Boots Nominees,” and together with the Boots Parties, the “Participants”).

 

Boots Capital and the other Participants have filed a definitive proxy statement and accompanying GOLD proxy card (the “Definitive Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) on April 22, 2024 to be used to solicit proxies for, among other matters, the election of its slate of director nominees at the 2024 annual meeting of stockholders of Crown Castle Inc., a Delaware corporation (“Crown Castle” or the “Corporation”).

 

IMPORTANT INFORMATION AND WHERE TO FIND IT

 

BOOTS CAPITAL STRONGLY ADVISES ALL STOCKHOLDERS OF CROWN CASTLE TO READ THE DEFINITIVE PROXY STATEMENT, ANY AMENDMENTS OR SUPPLEMENTS TO SUCH DEFINITIVE PROXY STATEMENT, AND OTHER PROXY MATERIALS FILED BY BOOTS CAPITAL AS THEY CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SEC’S WEBSITE AT WWW.SEC.GOV AND AT BOOTS CAPITAL’S WEBSITE AT WWW.REBOOTCROWNCASTLE.COM. THE DEFINITIVE PROXY STATEMENT AND ACCOMPANYING PROXY CARD WILL BE FURNISHED TO SOME OR ALL OF THE CORPORATION’S STOCKHOLDERS. STOCKHOLDERS MAY ALSO DIRECT A REQUEST TO THE PARTICIPANTS’ PROXY SOLICITOR, MORROW SODALI LLC, 430 PARK AVE., 14TH FLOOR, NEW YORK, NEW YORK 10022 (STOCKHOLDERS CAN CALL TOLL-FREE: (800) 662-5200).

 

Information about the Participants and a description of their direct or indirect interests by security holdings or otherwise can be found in the Definitive Proxy Statement.

 

Exhibit 1

 

  

	Patrick Tangney
	Chairman and CEO
	Pinnacle Towers Pte Ltd.
	Patrick@frontiertowerassociates.com
	+1.917.975.5576
	+63.917.136.8198

 

May 11, 2024

 

re: Chuck Green and Crown Castle

 

To whom it may concern,

 

When Chuck Green approached me and asked whether I would consider writing a letter vouching for his credentials to play a leadership role together with Ted Miller in turning around Crown Castle, I literally laughed; I thought he was joking. Not only is Chuck the founding CFO of Crown, having worked with Ted to take Crown from an idea shared by two guys and a dog in a diner to becoming the most successful tower company in the United States, giving birth to an entire industry, but he has continued to play roles that make him an icon in the industry. Asking whether he is qualified to serve in the leadership team of a tower company is like asking whether the Pope is qualified to say mass. It was only after a couple of seconds that I realized he was serious.

 

Crown Castle is a great company, a great company whose shares have lagged behind peers for years under the weight of a flawed strategy that has not been corrected without any real consequence for the current Board and management. Chuck understands at every level that performance has consequences. At risk of writing a laundry list, Chuck has served as a CFO, CEO, and director of multiple leading tower companies, often joining them at an early stage and seeing them go through multiple states of evolution. In addition to his role in the founding and growth of Crown, which itself gives him great insight into Crown, he, inter alia:

 

■

founded and served as the Chairman and CEO of Helios Towers, the first multinational emerging markets tower company

■

a founding director of e.dot.co, which became Southeast Asia’s first regional tower company

■

a director of Vantage, Vodafone’s European tower company carveout

■

one of my companies, Pinnacle Towers Pte Ltd, which through its subsidiaries is present in a number of markets including the Philippines, where it is the largest tower company

 

As an executive, Chuck has helped to form the strategy and oversee the growth of several tower companies. He has also been in situations where a change in strategy is required and helped to get stakeholder buy-in for revised strategies. As a director, Chuck is an incredibly insightful person who rolls up his sleeves and gets into the detail. He understands the role of a director is to supervise and not just let management teams do whatever they want, unlike, based on the track record of actual returns on equity, the current Crown board.

 

Pinnacle Towers Pte Ltd.

10 Changi Business Park Central 2 #05–01 Hansapoint Singapore 486030 Page

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If I am lucky enough to meet the Pope again, I don’t think I will ask him if he is qualified to say mass. And I certainly wouldn’t ask Chuck if he is qualified to serve on the leadership team of a tower company. He’s an All Star, a GOAT. You’ll be lucky to have him.

 

Please do not hesitate to reach out to me should you wish to discuss my testimonial in further detail.

 

All the best,

 

 

Patrick

 

 

Pinnacle Towers Pte Ltd.

10 Changi Business Park Central 2 #05–01 Hansapoint Singapore 486030 Page

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