Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
___________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (Date of earliest event reported): July 12, 2010
GLOBALSTAR,
INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
001-33117
(Commission
File
Number)
|
41-2116508
(IRS
Employer
Identification
No.)
|
|
461 South Milpitas Blvd.
Milpitas, California
|
95035
|
|
(Address of Principal
Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (408) 933-4000
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements with Certain
Officers.
Effective
upon the filing of the Quarterly Report on Form 10-Q for the quarter ended June
30, 2010 (the “10-Q”), Fuad Ahmad will cease to be Chief Financial Officer, but
he will remain with the Company as Senior Vice President of Corporate
Development and Strategy. On July 12, 2010, the
Board of Directors elected Dirk J. Wild to become Chief Financial Officer upon
filing of the 10-Q.
Dirk J.
Wild (age 42) has been Senior Vice President of Finance of Globalstar since July
2010. He has served in several positions with The Shaw Group Inc., a
global provider of technology, engineering, procurement and facilities
management services since 2001, including as Senior Vice President
Administration from December 2007 to June 2010, Interim Chief Financial Officer
from May 2007 to October 2007, and Senior Vice President and Chief Accounting
Officer from October 2004 to December 2007. Mr. Wild is a Certified
Public Accountant (Louisiana).
Mr. Wild
does not have any family relationship with any director or executive officer of
Globalstar and has not been directly or indirectly involved in any transactions
with the Company.
Item
7.01 Regulation FD Disclosure.
On July
13, 2010, Globalstar, Inc. issued a press release to announce the upcoming
relocation of its corporate headquarters to Covington, Louisiana. The text of
the press release is furnished as Exhibit 99.1 to this Form 8-K.
The
information in this Item 7.01 to Current Report on Form 8-K and the Exhibit
attached hereto is furnished pursuant to the rules and regulations of the
Securities and Exchange Commission and shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933 or the
Exchange Act, except as expressly set forth by specific reference in such a
filing.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press
release dated July 13, 2010
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| |
GLOBALSTAR,
INC |
|
| |
|
|
|
|
/s/ Peter
J. Dalton |
|
| |
Peter
J. Dalton |
|
| |
Chief
Executive Officer |
|
| |
|
|
Date: July
13, 2010