NextNav appoints Mariam Sorond as CEO; co-founder Ganesh Pattabiraman steps down

NEXTNAV INC.

Ganesh Pattabiraman resigned as CEO and director effective Nov 29, 2023; will serve as senior advisor for 2 years.
Mariam Sorond appointed President and CEO and director; previously CTO at VMware, Chief Wireless Architect at DISH.
Sorond receives $550k base salary, 60% target bonus, 1.5M RSUs (3-yr vest), performance-based RSUs, and $2M annual LTI.
Pattabiraman's outstanding equity continues to vest during 2-year consulting term; monthly consulting fee $20,833.33.
No disagreement with Pattabiraman's departure; will assist with transition and government initiatives.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Mariam Sorond

President and Chief Executive Officer

NN · NEXTNAV INC.

Effective: 2023-11-29
Filed: November 30, 2023, 6:59 PM ET

On November 29, 2023, the Board appointed Mariam Sorond as the Company’s President and CEO and designated her as the Company’s principal executive officer, effective as of November 29, 2023.

Departed

Ganesh Pattabiraman

President and Chief Executive Officer

NN · NEXTNAV INC.

Effective: 2023-11-29
Successor: Mariam Sorond
Filed: November 30, 2023, 6:59 PM ET

Ganesh Pattabiraman has resigned as the Company’s Chief Executive Officer (“CEO”) and from the Board of Directors (the “Board”) of the Company, effective as of November 29, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Mariam Sorond was appointed as President and Chief Executive Officer at NEXTNAV INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On November 29, 2023, the Board appointed Mariam Sorond as the Company’s President and CEO and designated her as the Company’s principal executive officer, effective as of November 29, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Ganesh Pattabiraman resigned as President and Chief Executive Officer at NEXTNAV INC..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Ganesh Pattabiraman has resigned as the Company’s Chief Executive Officer (“CEO”) and from the Board of Directors (the “Board”) of the Company, effective as of November 29, 2023.

View on SEC.gov

NEXTNAV INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-091242

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