Vareddhy, thank you for your input. My English is not perfect but if I understand correctly they can make a distribution to the former stockholders without finishing the Plan Trust.
PLEASE TAKE NOTICE THAT BY UNANIMOUS WRITTEN CONSENT, DATED [?], THE TRUSTEES UNDER THE PLAN TRUST AGREEMENT, DATED AND EFFECTIVE AS OF MARCH 6, 2012, BY AND AMONG LEHMAN BROTHERS HOLDINGS INC. (“THE CORPORATION”) AND SUCH TRUSTEES (THE “PLAN TRUST AGREEMENT”), VOTED UNANIMOUSLY TO APPROVE
AN AMENDMENT TO THE PLAN TRUST AGREEMENT (THE “PLAN TRUST AMENDMENT”) (A) TO PROVIDE THAT THE PLAN TRUST SHALL TERMINATE ON THE EARLIER OF:
(I) THIRTY (30) DAYS AFTER THE FINAL DISTRIBUTION OF ALL OF THE STOCK DISTRIBUTIONS IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT, THE PLAN AND THE CONFIRMATION ORDER AND THE CANCELLATION OF THE PLAN TRUST STOCK AND (II) DECEMBER 6, 2029 AND (B) THAT, IN THE EVENT OF A VACANCY IN THE
CORPORATION’S BOARD OF DIRECTORS, SUCH VACANCY DOES NOT NEED TO BE FILLED, PROVIDED THERE IS AT LEAST ONE DIRECTOR
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