SEC Company Response from INNOVATE Corp. (VATE) (CIK 0001006837) (VATE) — Mar 20, 2020
INNOVATE Corp. (VATE) (CIK 0001006837)
Date: March 20, 2020 · CIK: 0001006837 · Accession: 0001104659-20-036920
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CORRESP
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Skadden, Arps, Slate, Meagher & Flom llp
one MANHATTAN west
New York 10001
______
Direct
dial
(212) 735-2116
Direct fax
(917)
777-2116
Email address
Richard.Grossman@skadden.com
TEL:
(212) 735-3000
FAX: (212) 735-2000
www.skadden.com
FIRM/AFFILIATE
OFFICES
-----------
BOSTON
CHICAGO
HOUSTON
LOS ANGELES
PALO ALTO
WASHINGTON, D.C.
WILMINGTON
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BEIJING
BRUSSELS
FRANKFURT
HONG KONG
LONDON
MOSCOW
MUNICH
PARIS
SÃO PAULO
SEOUL
SHANGHAI
SINGAPORE
TOKYO
TORONTO
March 20, 2020
VIA EDGAR
U.S. Securities and Exchange Commission
100 F. Street, N.E.
Washington, D.C. 20549
RE: HC2 Holdings, Inc.
Commission File Number: 1-35210
Preliminary Consent Revocation Materials
Ladies and Gentlemen:
On behalf of HC2 Holdings, Inc., a Delaware
corporation (the “Company”), we are transmitting for filing under Rule 14a-6(a) of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), the Company’s preliminary consent revocation statement and form of consent revocation
card (the “Preliminary Consent Revocation Materials”).
On March 13, 2020, Percy Rockdale LLC
(together with certain of its affiliates, “Percy Rockdale”) filed a preliminary consent solicitation statement
with the U.S. Securities and Exchange Commission, soliciting written consents from the stockholders of the Company to (i) remove, without cause, all of the current directors of the Company, (ii) elect six (6) nominees selected by Percy Rockdale to
the Company’s board of directors to fill the resulting vacancies and (iii) repeal certain changes to the Fourth
Amended and Restated By-Laws of the Company related to Percy Rockdale’s campaign. The Company is filing the Preliminary
Consent Revocation Materials because the Preliminary Consent Revocation Materials comment upon and reference Percy
Rockdale’s “solicitation in opposition” (as defined in Rule 14a-6(a) of the Exchange Act) to the
Company’s current directors.
March 20, 2020
Page 2
Please be advised that, in accordance with
Rule 14a-6(b) of the Exchange Act, the Company intends to release definitive consent revocation materials on or prior to April
3, 2020, by sending to its stockholders a definitive consent revocation statement and form of consent revocation card. To accommodate
the Company’s proposed timing for the release of definitive consent revocation materials, we would appreciate your prompt
attention to the Preliminary Consent Revocation Materials. Please direct any communications concerning the Preliminary Consent
Revocation Materials to the undersigned at (212) 735-2116 or Richard.Grossman@skadden.com or to my partner, Todd E. Freed, at (212)
735-3714 or Todd.Freed@skadden.com.
Very truly yours,
/s/ Richard J. Grossman
Richard J. Grossman
cc: HC2 Holdings, Inc.