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In the United States Bankruptcy Court for the District of Delaware Case 18-12394-CSS Doc 547 Filed 06/03/19 Page 1 of 3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ) NSC WHOLESALE HOLDINGS LLC, et al.,1 ) Case No. 18-12394 (CSS) ) Debtors. ) Jointly Administered ) PROOF OF PUBLICATION OF THE NEW YORK TIMES OF NOTICE OF (I) APPROVAL ON INTERIM BASIS OF COMBINED PLAN AND DISCLOSURE STATEMENT AS CONTAINING ADEQUATE INFORMATION FOR SOLICITATION PURPOSES, (II) DEADLINE FOR CASTING VOTES TO ACCEPT OR REJECT THE COMBINED DISCLOSURE STATEMENT AND PLAN, AND (III) CONFIRMATION HEARING TO CONSIDER (A) FINAL APPROVAL OF COMBINED DISCLOSURE STATEMENT AND PLAN AND (B) CONFIRMATION OF COMBINED PLAN AND DISCLOSURE STATEMENT 1 The Debtors in these cases, along with the last four digits of each Debtor’s federal tax identification number, are: NSC Wholesale Holdings LLC (6210); National Wholesale Liquidators of Lodi, Inc. (4301); National Realty Holdings LLC (4779); NSC of West Hempstead, LLC (5582); Top Key LLC (7503); BP Liquor LLC (2059); and Teara LLC (8660). The Debtors’ mailing address is 111 Hempstead Turnpike, West Hempstead, NY 11552. 35026499.1 6/3/19 Case 18-12394-CSS Doc 547 Filed 06/03/19 Page 2 of 3 Case 18-12394-CSS Doc 547 Filed 06/03/19 Page 3 of 3 C M Y K Nxxx,2019-06-03,B,002,Bs-BW,E2 B2 0 N THE NEW YORK TIMES, MONDAY, JUNE 3, 2019 TECHNOLOGY | AVIATION Slack Heads Into I.P.O., and Its Outspoken C.E.O. Is Tight-Lipped FROM FIRST BUSINESS PAGE that read, “Dear Microsoft, Wow. year was supposed to be a banner Big news!” A letter accompanying one for tech public offerings. But the ad praised the virtue of in recent months, the stocks of the “thoughtfulness and craftsman- ride-hailing firms Lyft and Uber ship,” implying that Slack’s soft- have fizzled after their initial pub- ware contained intangible ele- lic offerings, raising questions ments that a behemoth like Micro- about whether other tech compa- soft could not replicate. nies would meet the same fate. Microsoft Teams is now used by Now many eyes are on Slack more than 500,000 organizations, and how it performs after going compared with Slack’s more than public. The company is planning a 600,000. Microsoft said Teams has “direct listing,” where it will not is- seen “incredible adoption.” It did sue new shares to sell, but simply not have a comment on Slack. let its shares start trading on a Throughout, Mr. Butterfield has stock market. Its share price will rarely held back his thoughts. be set solely by demand from pub- When Mr. De Niro cursed at him at lic-market investors. an awards event in 2015, Mr. But- Slack also faces a crucial test as terfield was delighted and it transitions from a viral chat app tweeted, “#Lifegoals.” That same to a more traditional operation year, when The Times asked if he selling workplace technology to thought Slack was worth its steep global corporations. It will be no valuation, he said, “It is, because easy task as Mr. Butterfield deals people say it is.” with competition from Microsoft, Yet as Slack has matured, Mr. which offers a product called Butterfield has had to hone his Teams, and as Cisco and Face- chief executive skills. He discov- book push similar tools. Slack is ered that any feedback he gave, no small compared with those gi- matter how casual, was taken se- ants; on Friday, it disclosed that it riously by employees, said April lost $32 million in the first quarter, Underwood, Slack’s former chief while revenue rose 67 percent product officer. As a result, he from a year ago to $135 million. tempered some comments, she “There is one set of skills in said. making technology find the lips of He has also grappled with how all young developers around the to “lead leaders” in the executives world,” said Michael Facemire, an he hired, Mr. Costello said. “I analyst at Forrester. “There’s an- know that is the area that has been other set of skills to sell that into most challenging for him.” PHOTOGRAPHS BY CARLOS CHAVARRÍA FOR THE NEW YORK TIMES the enterprise.” And Mr. Butterfield has learned Mr. Butterfield appears to be Slack’s offices in San Francisco. The workplace messaging start-up, which Stewart Butterfield, below, co-founded in 2009, is set to go public on June 20. that when you say the wrong thing feeling the weight of responsibil- publicly, it reflects on the entire ity. In April, at a conference Slack like baking or meditation. and the pleasure of applying that company, Mr. Dash said. “There’s holds for customers and partners “There was always a weird po- craft to build interesting, useful, such a different weight to it than in San Francisco, he riffed in an etic bent to what he did,” said Anil beautiful things.” when it’s just your Twitter ac- onstage interview with the tennis Dash, a friend of Mr. Butterfield’s Now Mr. Butterfield fills his count,” Mr. Dash said. megastar Serena Williams about and chief executive of a software home with useful, beautiful Lately, Mr. Butterfield has kept how much rested on his shoul- company that also took the name things, Ms. Rubio said. Those in- his tweets focused on his personal ders. “The success of the busi- Glitch. clude a leather-wrapped console life. When Ms. Rubio’s company ness, the happiness of the employ- When the video game failed to table from the luxury Americana announced last month that it had ees, its impact on customers — all take off, Mr. Butterfield focused furniture brand BDDW and a set raised a fresh $100 million, he re- that stuff,” he said. “It can be a lot the company on an internal mes- of Japanese kitchen knives se- sponded by proposing to her on to manage.” saging system they had created. lected for craftsmanship and the Twitter while sharing the funding Mr. Butterfield, who spent his Slack, which is an acronym for quality of the steel. news. early years at a commune in “Searchable Log of All Conversa- He approached Slack’s software “Let’s make today a double- British Columbia, was named tion and Knowledge,” was publicly interface in a similar way, think- whammy — @Jennifer, will you Dharma at birth. At age 12, he released in 2014 and quickly ing philosophically about each marry me? Promise I’m not a changed his name to Daniel. adopted by tech start-up workers feature. Slack’s ability to “snooze” golddigger,” he tweeted, noting (Stewart is his middle name.) At to message one another and hold messages received outside of that she was on a flight. In reality, the University of Victoria, where group conversations. work hours, for example, reflects they were at a restaurant with col- he studied philosophy, he discov- Slack’s explosive growth soon Mr. Butterfield’s empathy for us- leagues celebrating the funding; ered Usenet, email and Internet made it an investor darling. The ers, said Bradley Horowitz, an in- the group had suggested the tweet Relay Chat — the web protocol Mr. Butterfield, Slack’s chief executive. His company is valued at $7.1 billion. company raised $1.4 billion in vestor in the company. as a joke, Ms. Rubio said. that forms the basis of Slack. funding from venture capital Slack’s success has also made it Over Memorial Day weekend, After graduating, he worked as firms like Accel and Andreessen an acquisition target; it previ- Mr. Butterfield proposed for real a web designer and blogged about Yahoo bought Flickr in 2005 for mismanagement, went viral. Horowitz, as well as SoftBank’s ously rebuffed interest from on a hike in Tofino, British Colum- photography and tech nerdery. around $25 million, and Mr. But- (That same year, he and Ms. Fake Vision Fund. Its valuation reached Microsoft, Amazon and Google. bia, with a ring he had purchased Along with his wife at the time, terfield and Ms. Fake began divorced.) $7.1 billion in four years. Some of those giants have since before the now infamous tweet. Caterina Fake, and a friend, Jason spending more time in Silicon Val- Slack grew out of Mr. Butter- Eric Costello, a Ludicorp em- directly taken on Slack. Ms. Rubio said she momentarily Classon, Mr. Butterfield eventu- ley. Mr. Butterfield left Yahoo in field’s second attempt at building ployee and Slack co-founder, said In 2016, Microsoft released wondered if he was only propos- ally co-founded Ludicorp, a com- 2008 — but not before his email a gaming start-up. The game, Mr. Butterfield was never driven Teams, a chat and collaboration ing because of Twitter, asking, pany based in Vancouver, British resignation, which included an called Glitch, was a “massively by “being successful for its own app that integrates with its Office “Are you serious?” Columbia, which created a video elaborate, farcical story about tin- multiplayer online” game where, sake, or just making lots of software. In response, Mr. Butter- She also said yes. Mr. Butter- game called Game Neverending smithing that served as a meta- instead of killing enemies, players money.” Instead, Mr. Costello said, field bought a full-page newspa- field later shared a photo of the and a photo-sharing site, Flickr. phor for the internet company’s went on quests and learned skills Mr. Butterfield enjoyed “the craft per ad in The New York Times moment on Twitter. IN THE UNITED STATES BANKRUPTCY COURT 8300; or (c) sending a written request to the Balloting Agent via e-mail FOR THE DISTRICT OF DELAWARE to [email protected].
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