EchoStar CFO David Rayner to retire Oct 7; CEO Akhavan to serve as interim principal financial officer

EchoStar CORP

David Rayner's last day as EVP, CFO, COO, and Treasurer is October 7, 2022.
CEO Hamid Akhavan will assume principal financial officer role while company searches for permanent CFO.
Muhammad Ali Butt, SVP and CAO, appointed as principal accounting officer effective Oct 7.
Neither Akhavan nor Butt will receive additional compensation for the added responsibilities.
Rayner's retirement is not due to any disagreement with the company's operations, policies, or procedures.

item 5.02

Executive movements

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

Role change (interim)

Hamid Akhavan

principal financial officer

SATS · EchoStar CORP

Effective: 2022-10-07
Filed: October 3, 2022, 7:59 PM ET

Effective immediately following Mr. Rayner’s retirement, Hamid Akhavan, the Company’s Chief Executive Officer and President, will assume the role of principal financial officer while the Company searches for a permanent replacement.

Departed

David Rayner

Executive Vice President, Chief Financial Officer, Chief Operating Officer, and Treasurer

SATS · EchoStar CORP

Effective: 2022-10-07
Filed: October 3, 2022, 7:59 PM ET

On September 27, 2022, Mr. Rayner notified the Company that his last day with the Company will be October 7, 2022.

Appointed

Muhammad Ali Butt

principal accounting officer

SATS · EchoStar CORP

Effective: 2022-10-07
Filed: October 3, 2022, 7:59 PM ET

Also effective immediately following Mr. Rayner’s retirement, Muhammad Ali Butt, Senior Vice President and Chief Accounting Officer of the Company, has been appointed to serve as the Company’s principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Hamid Akhavan changed role as principal financial officer at EchoStar CORP.

Action: assumed the role of principal financial officer
Role: principal financial officer

Exact text from the filing

Effective immediately following Mr. Rayner’s retirement, Hamid Akhavan, the Company’s Chief Executive Officer and President, will assume the role of principal financial officer while the Company searches for a permanent replacement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Rayner retired as Executive Vice President, Chief Financial Officer, Chief Operating Officer, and Treasurer at EchoStar CORP.

Action: retired
Role: Executive Vice President, Chief Financial Officer, Chief Operating Officer, and Treasurer

Exact text from the filing

On September 27, 2022, Mr. Rayner notified the Company that his last day with the Company will be October 7, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Muhammad Ali Butt was appointed as principal accounting officer at EchoStar CORP.

Action: appointed
Role: principal accounting officer

Exact text from the filing

Also effective immediately following Mr. Rayner’s retirement, Muhammad Ali Butt, Senior Vice President and Chief Accounting Officer of the Company, has been appointed to serve as the Company’s principal accounting officer.

View on SEC.gov

EchoStar CORP filing history →

Source: SEC EDGAR

accession 0001415404-22-000073

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