EchoStar restructures merger with DISH; DISH to become subsidiary; terms unchanged

EchoStar CORP

Exchange ratio: each DISH share converts to 0.350877 EchoStar share (same as original).
Closing conditions include regulatory approvals, SEC S-4 effectiveness, and no legal restraint.
Ergen stockholders agreed not to vote EchoStar Class A shares for three years post-closing.
Hamid Akhavan to be CEO of combined EchoStar with $2.5M base salary and equity awards.
John Swieringa appointed President of Technology and COO of EchoStar, effective at close.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John Swieringa

President of Technology and Chief Operating Officer

SATS · EchoStar CORP

Filed: October 3, 2023, 7:59 PM ET

On October 1, 2023, the Board approved the appointment of Mr. John Swieringa, the current President of Technology and Chief Operating Officer of DISH, as the President of Technology and Chief Operating Officer of EchoStar, effective upon the Effective Time.

Appointed

Hamid Akhavan

President and Chief Executive Officer

SATS · EchoStar CORP

Filed: October 3, 2023, 7:59 PM ET

pursuant to which Mr. Akhavan will continue to serve as the President and Chief Executive Officer of EchoStar and will serve as a member of the Company Board upon the Effective Time

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Swieringa was appointed as President of Technology and Chief Operating Officer at EchoStar CORP.

Action: appointed
Role: President of Technology and Chief Operating Officer

Exact text from the filing

On October 1, 2023, the Board approved the appointment of Mr. John Swieringa, the current President of Technology and Chief Operating Officer of DISH, as the President of Technology and Chief Operating Officer of EchoStar, effective upon the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hamid Akhavan was appointed as President and Chief Executive Officer at EchoStar CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

pursuant to which Mr. Akhavan will continue to serve as the President and Chief Executive Officer of EchoStar and will serve as a member of the Company Board upon the Effective Time

View on SEC.gov

EchoStar CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-106152

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