EchoStar President Pradman Kaul retires from subsidiaries, named Vice Chair

EchoStar CORP

Kaul retires as President of Hughes Communications and Hughes Network Systems effective Dec 31, 2022; remains on board, appointed Vice Chair Jan 1, 2023.
Letter agreement modifies 2016 and 2022 stock options to vest based on board service instead of employment; unvested 2019 options forfeited.
Vested 2019 options exercisable until Jan 31, 2023; non-competition covenants amended.

item 5.02 item 9.01

Executive movements

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Role change

Pradman P. Kaul

Vice Chair of the Board of Directors

SATS · EchoStar CORP

Effective: 2022-12-31
Filed: December 30, 2022, 6:59 PM ET

Pradman P. Kaul will retire from his positions as President of Hughes Communications, Inc., a wholly owned subsidiary of the Company (“Hughes Communications”), and as President of Hughes Network Systems, LLC, a wholly owned subsidiary of Hughes Communications, effective as of the close of business on December 31, 2022. Mr. Kaul will continue to serve as a member of the Board of Directors of the Company and has been appointed to serve as Vice Chair of the Board of Directors effective January 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Pradman P. Kaul was appointed as Vice Chair of the Board of Directors at EchoStar CORP.

Action: retired from President, appointed Vice Chair
Role: Vice Chair of the Board of Directors

Exact text from the filing

Pradman P. Kaul will retire from his positions as President of Hughes Communications, Inc., a wholly owned subsidiary of the Company (“Hughes Communications”), and as President of Hughes Network Systems, LLC, a wholly owned subsidiary of Hughes Communications, effective as of the close of business on December 31, 2022. Mr. Kaul will continue to serve as a member of the Board of Directors of the Company and has been appointed to serve as Vice Chair of the Board of Directors effective January 1, 2023.

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Source: SEC EDGAR

accession 0001104659-22-131346

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