8-K
filed June 27, 2023, 7:59 PM ET
ticker GSAT
CIK 0001366868
other material
confidence high
sentiment neutral
materiality 0.15
Globalstar holds 2023 annual meeting; elects directors, approves Thermo guaranty
Globalstar, Inc.
- Elected James F. Lynch and Timothy E. Taylor as Class B directors for 3-year terms.
- Ratified Ernst & Young as independent auditor for FY2023 (1.55B for, 8.8M against).
- Advisory say-on-pay approved; board sets advisory vote frequency at every three years.
- Approved guaranty of obligations under Prepayment Agreements with Thermo affiliate; Monroe block (1.08B shares) did not vote.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Globalstar, Inc. shareholders approved Advisory approval of named executive officer compensation at the 2023-06-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-27
Exact text from the filing
Stockholders approved, on an advisory basis, the compensation of the Company's named executive officers by the following votes:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Globalstar, Inc. shareholders approved Ratification of Ernst & Young LLP as independent registered accounting firm at the 2023-06-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-27
Exact text from the filing
Stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered accounting firm for the fiscal year ending December 31, 2023 by the following votes:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Globalstar, Inc. shareholders approved Frequency of future advisory votes on executive compensation at the 2023-06-27 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-27
Exact text from the filing
Stockholders voted in favor of three years for the frequency of future advisory votes for the Company's executive compensation by the following votes: One Year Two Years Three Years Abstentions 176,675,894 2,306,249 1,205,157,407 47,659,923
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Globalstar, Inc. shareholders approved Approval of Guaranty of obligations under Prepayment Agreements with affiliate of Thermo Companies at the 2023-06-27 meeting.
- Outcome
- passed
- Meeting
- 2023-06-27
Exact text from the filing
Stockholders approved the Company’s entry into the Guaranty of certain of the Company’s obligations under its Prepayment Agreements with an affiliate of the Thermo Companies by the following votes:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Globalstar, Inc. shareholders approved Election of Class B Directors at the 2023-06-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-27
Exact text from the filing
Stockholders elected each of the two nominees for Class B director to serve for a term to expire at the 2026 Annual Meeting of Stockholders by the following votes:
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.