Shareholders to Vote on Comcast-TWC Merger

Shareholders of Comcast and Time Warner Cable are set to vote on the proposed merger of the two companies on Oct. 8-9.

An S.E.C. filing shows Comcast shareholders will vote at 9:30 a.m. on Oct. 8 at Philadelphia’s The Kimmel Center for the Performing Arts, while Time Warner shareholders will vote the following day at 10:00 a.m. in New York’s Bennack Theater at the Paley Center for Media.

Both companies are asking their shareholders to vote yes.

Time Warner Cable shareholders will also be voting on a potential “golden parachute” for the company’s top executives. Capital New York, which first reported the news, notes that CEO Rob Marcus could see an $80 windfall under the deal.

The deal is expected to pass the shareholder votes, but then would still face scrutiny from the F.C.C. and Department of Justice.

Comcast’s $45 billion deal to acquire Time Warner Cable was revealed in February.