Shekar Ayyar
On May 6, 2026, the Board of Directors (the “Board”) of Viasat, Inc. (the “Company”) appointed Shekar Ayyar to serve as an independent Class II director with an initial term expiring at the Company’s 2028 annual meeting of stockholders
Highest-materiality recent filing
Viasat FY2026 revenue $4.6B record; net loss narrows to $34M; Adj EBITDA $1.6B record
Full-year revenue $4.6B (record), Adj EBITDA $1.6B (record); net loss $34M vs $575M prior year.
Viasat appoints two independent directors, enters cooperation agreement with Carronade Capital
Shekar Ayyar (Arrcus CEO) and Jinhy Yoon (former PIMCO EVP) appointed as independent directors effective May 6, 2026.
Viasat swings to Q3 net income $25M; revenue up 3% to $1.157B; VS-3 F2 service entry May
Net income of $25M vs loss $158M last year; revenue $1.157B (+3% YoY); Adj EBITDA $387M (-2% YoY).
Ex-Im Bank credit facility of $188.7M; $175.8M to finance 85% of ViaSat-3 F1 costs and $12.9M for exposure fees.
Viasat appoints Camellia FitzGerald as Chief Accounting Officer; Duffy becomes advisor
Camellia FitzGerald, current VP – Corporate Accounting and Finance, appointed Chief Accounting Officer effective Jan 2, 2026.
Viasat appoints former Porsche AG executive Barbara Frenkel to board of directors
Barbara Frenkel appointed as Class I director effective Nov 17, 2025; term expires at 2027 annual meeting.
Viasat Q2 FY2026 net loss $61M improves from $138M; revenue $1.1B (+2% YoY)
Revenue $1.1B, net loss $61M improves from $138M loss in Q2 FY2025.
Viasat shareholders approve equity plan amendment adding 6.41M shares, ESPP increase of 5M shares
Shareholders approved restated 1996 Equity Plan: adds 6.41M shares plus potential additional shares from outstanding awards.
Viasat President Commercial Services James Dodd to retire effective Nov 1, 2025
James Dodd, SVP and President, Commercial Services, will retire on or about November 1, 2025.
Viasat Q1 FY26 revenue $1.2B (+4% YoY), Adj. EBITDA $408M (+1%); net loss widens to $56M
Revenue $1.2B (+4% YoY); Defense & Advanced Tech +15%, Communication Services flat.
Viasat expects $568M from Ligado settlement; lawsuit dismissed
Inmarsat agrees to binding term sheet with Ligado and AST to settle opposition to Ligado's Chapter 11 restructuring.
Viasat enters new stockholder agreements with former Inmarsat sellers; director resigns
New agreements with Apax, CPP, OTPP, WP require voting with Board recommendations if ownership thresholds met.
Viasat reports Q4 net loss $246M, includes $169M impairment; FY2025 revenue record $4.5B
Q4 FY2025 revenue $1.1B flat YoY; net loss $246M vs $90M loss a year ago, driven by $169M impairment on ViaSat-3 EMEA ground network.
Viasat appoints William LaPlante and Michael Paull to board; Bridenstine resigns
James Bridenstine resigned from board on May 9, 2025; not due to any disagreement with company.
Viasat redeems $442.55M of 5.625% Senior Notes ahead of Sept 2025 maturity
Redeemed all $442.55M outstanding of 5.625% Senior Notes due 2025 on May 2, 2025.
Viasat EVP & Chief Corporate Officer Kevin Harkenrider to retire by June 30, 2025
Kevin Harkenrider will retire as EVP and Chief Corporate Officer effective June 30, 2025 (or earlier).
Rajeev Suri resigns from Viasat board as Inmarsat ownership falls below 25%
Rajeev Suri retired from the board effective March 6, 2025, after Inmarsat Investors' ownership dropped below 25% on Feb 10.
Revenue $1.1B flat YoY; net loss $158M increased from $124M in Q3 FY24, primarily on debt extinguishment loss.
Viasat reorganizes senior team: President departs, new President of Global Space Networks
Guru Gowrappan ceases as President effective Jan 23; to provide transition services through April 30, 2025.
Viasat Q2 FY2025 revenue $1.1B, net loss $138M, record awards $1.3B; maintains FY outlook
Revenue $1.1B (-8% YoY); net loss $138M vs -$767M prior year (prior year included satellite impairment).
Viasat units issue $1.975B 9.000% senior secured notes due 2029; redeem 6.750% notes due 2026
Issuers placed $1.975B aggregate principal of 9.000% senior secured notes maturing Sept 15, 2029.
Viasat subsidiaries close $1.975B 9.000% senior secured notes due 2029
Offering upsized from initial $1.25B to $1.975B aggregate principal amount.
Viasat subsidiaries upsize and price $1.975B of 9.000% senior secured notes due 2029
Issuers upsized offering from $1.25B to $1.975B aggregate principal amount.
Viasat stockholders approve equity plan amendment adding 3.43M shares; Board adopts inducement plan
Stockholders approved amendment to 1996 Equity Participation Plan: share reserve increased by 3,430,000 to 59,401,000 shares; ISO grant period extended to 2034.
Viasat announces $1.25B Inmarsat Notes offering and $152M in debt repurchases
Issuing $1.25B senior secured notes due 2029 to redeem a portion of outstanding 6.75% Inmarsat 2026 notes.
Viasat appoints Gary Chase as CFO, effective Sep 16; Shawn Duffy becomes CAO
Appoints Gary Chase (Garrett L. Chase) as CFO, effective Sep 16, 2024; succeeds Shawn Duffy who becomes Chief Accounting Officer.
Viasat Q1 FY2025 net loss narrows to $33M; raises FY2025 revenue and EBITDA outlook
Net loss $33M vs $77M loss YoY; revenue $1.1B (+44%); Combined revenue +6% YoY.
Viasat adopts two-segment structure; FY2024 adjusted EBITDA $1.41B on $4.28B revenue
New segments: Communication Services and Defense & Advanced Technologies; replaces prior reporting.
Q4 FY2024 revenue $1.15B (+73% YoY); net loss $90M vs $62M loss a year ago, driven by higher interest expense.
Viasat subsidiary refinances $1.75B term loan, extends maturities through 2029
New $1.3B term loan matures Sep 2029; fully drawn, proceeds repaid ~$1.384B of existing 2026 TLB.
Viasat Q3 FY2024 revenue $1.1B; net loss $124M, Adj. EBITDA $383M; synergy target raised
Revenue $1.1B (+73% YoY as reported; +8% on combined basis); Adj. EBITDA $383M (+214% as reported, +11% combined).
Net loss $767M, driven by $900M net impairment charge on ViaSat-3 F1, Inmarsat-6 F2, and ViaSat-4 write-downs.
Viasat to cut ~800 jobs (10% of workforce) in post-Inmarsat integration
Workforce reduction of approximately 800 roles, about 10% of global workforce.
Viasat: ViaSat-3 F1 recovers <10% throughput; no replacement needed; free cash flow ahead of plan
ViaSat-3 F1 payload functional but less than 10% of planned throughput expected; insurance coverage $420M in place.
Viasat closes $733.4M 7.500% senior notes offering, net proceeds $728.2M used to repay bridge loan
Issued $733.4M aggregate principal of 7.500% Senior Notes due 2031; net proceeds ~$728.2M after commissions.
Viasat amends $616.7M term loan; covenants and prepayment events modified
Amended $616.7M term loan facility originally fully drawn May 30, 2023, maturing May 2030.
Viasat prices $733.4M of 7.500% Senior Notes due 2031 to repay bridge loan
$733.4M aggregate principal of 7.500% Senior Notes due 2031 priced at 100% of face value.
Viasat to issue $733.4M senior notes; pro forma shows $338M net loss
$733.4M senior unsecured notes due 2031 issued via private placement to repay bridge facility.
Viasat shareholders approve 11.5M equity plan increase, 5M ESPP increase, elect directors
Shareholders approved amendment to 1996 Equity Plan increasing shares by 11.5M to 55.971M total; ISO grant period extended to 2033.
Viasat increases revolving credit facility by $50M to $647.5M with new lender Fifth Third Bank
Joinder Agreement dated Sept 6, 2023 adds $50M commitment from Fifth Third Bank, raising total to $647.5M.
Viasat amends $597.5M credit facility, extends maturity to 2028, adds $40M commitment
Aggregate revolving commitments of $597.5M after amendment; maturity extended to August 24, 2028 (or earlier springing date).
Viasat Q1 FY24 revenue $780M (+36% YoY), net loss $77M; Inmarsat acquisition adds $134M revenue
Adjusted EBITDA $183M (+87% YoY); includes $72M from one month of Inmarsat contributions.
ViaSat-3 Americas satellite experienced an unexpected event during reflector deployment, potentially materially affecting performance.
Viasat Vice Chairman Rick Baldridge to retire June 30, 2023; remains on board
Rick Baldridge will retire as Vice Chairman effective June 30, 2023, after nearly 25 years at Viasat.
Viasat files Inmarsat FY2022 audited financials; revenue $1.47B, net income $48M
Inmarsat 2022 revenue $1,474.1M (up 9% YoY from $1,352.4M); operating profit $251.3M (up from $104.2M).
Viasat completes acquisition of Inmarsat for $551M cash and 46.4M shares
Acquisition closed with $551M cash (adjusted from $850M after Inmarsat special dividend) and 46.36M VSAT shares (~37.6% fully diluted).
Viasat Q4 revenue up 10% to $666M; Adj. EBITDA up 21% to $124M; ViaSat-3 launched
Q4 FY23 revenue from continuing ops $666M (+10% YoY); net loss $62M; Adj. EBITDA $124M (+21% YoY).
Viasat names Guru Gowrappan President; $1M salary, $15M equity grants
Gowrappan, former Verizon Media Group CEO, appointed President effective April 13, 2023.
Viasat resolves shareholder lawsuit over Connect Topco deal disclosures for $150K
Plaintiff Carl Best alleged proxy omissions in Viasat's acquisition of Connect Topco Limited.
Viasat Q3 net loss $42M, closes $1.96B TDL sale; ViaSat-3 launch set for Apr 8
Q3 FY2023 revenue $714M (slightly down YoY); net loss $42M vs $6.6M loss in prior year.
On May 6, 2026, the Board of Directors (the “Board”) of Viasat, Inc. (the “Company”) appointed Shekar Ayyar to serve as an independent Class II director with an initial term expiring at the Company’s 2028 annual meeting of stockholders
On May 21, 2025, Andrew Sukawaty tendered his resignation from the Board and all applicable Board committees, effective immediately.
Additionally, on May 9, 2025, the Board appointed William LaPlante and Michael Paull as directors.
On May 9, 2025, James Bridenstine resigned from the Board of Directors (the “Board”) of Viasat, Inc. (the “Company”).
Additionally, on May 9, 2025, the Board appointed William LaPlante and Michael Paull as directors.
announced that Kevin Harkenrider, the Company’s Executive Vice President and Chief Corporate Officer, will retire from such role on June 30, 2025
Rajeev Suri notified the Company that he intends to retire from the Board effective immediately.
Girish Chandran, the Company’s Chief Technology Officer, will take on additional responsibilities as the President of Global Space Networks as of January 22, 2025
On January 22, 2025, Viasat, Inc. (the “Company”) announced that Kumara Guru Gowrappan will cease serving as President of the Company as of January 23, 2025.
Craig Miller, the Company’s President, Global Space Networks, ceased serving in such position as of the Transition Date and will continue his employment with the Company as Senior Vice President, Strategic Initiatives.
He will succeed Shawn Duffy, who will remain with Viasat in the role of Chief Accounting Officer.
On August 23, 2024, Garrett L. Chase agreed to join Viasat, Inc. (“Viasat”) in the role of Senior Vice President and Chief Financial Officer, effective September 16, 2024.
Max materiality 0.90 · Median 0.65 · Most common event earnings