secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001193125-23-102067
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat names Guru Gowrappan President; $1M salary, $15M equity grants
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- Gowrappan, former Verizon Media Group CEO, appointed President effective April 13, 2023.
- Compensation includes $1M base salary, 140% target bonus, RSUs ~$7.25M, performance options ~$7.75M.
- Relocation bonus of $1M, subject to clawback if resigns within 365 days (full) or 366-730 days (50%).
- Severance: cash equal to base + target bonus outside change-in-control; 2x sum plus full equity vesting upon change-in-control linked to Inmarsat deal.
- New President to lead global operations and growth strategy; role coincides with pending Inmarsat acquisition and ViaSat-3 constellation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523102067/0001193125-23-102067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523102067/d464156d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-102067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer