secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001193125-24-208251
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat appoints Gary Chase as CFO, effective Sep 16; Shawn Duffy becomes CAO
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- Appoints Gary Chase (Garrett L. Chase) as CFO, effective Sep 16, 2024; succeeds Shawn Duffy who becomes Chief Accounting Officer.
- Chase joins from Delta Air Lines where he served as SVP Operational Finance and interim Co-CFO (2020-2021).
- Chase receives $475k sign-on bonus (repayable if resigns before 2 years), $1.25M RSU, $3M sign-on RSU, and $1.25M PSU.
- Severance: without cause termination outside change-in-control pays 1x salary+bonus plus 18 months benefits; change-in-control pays 2x.
- Duffy, CFO since 2014, remains as CAO; revenues tripled to $4.5B under her tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312524208251/0001193125-24-208251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312524208251/d848103d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-208251

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