Company: VSAT
Filing Date: 2025-03-07
Form Type: 8-K
Source: 0001193125-25-049908
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Company: VIASAT INC
Filing Date: 2025-03-07
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

Under the Stockholders Agreement, dated November 8, 2021 (the “ Stockholders Agreement”), among Viasat, Inc. (the “ Company”) and certain former shareholders (the “ Inmarsat Investors”) of Connect Topco Limited, a private company limited by shares and incorporated in Guernsey (“ Inmarsat”), the Inmarsat Investors have the right to designate (i) two individuals to the board of directors of the Company (the “ Board”) for so long as they collectively beneficially own at least 25% of the total outstanding shares of Company common stock and (ii) one individual to the Board for so long as they collectively beneficially own at least 15% of the total outstanding shares of Company common stock. Pursuant to the Stockholders Agreement, Andrew Sukawaty and Rajeev Suri were appointed to the Board as the Inmarsat Investors’ designees at the closing of the acquisition of Inmarsat. The Inmarsat Investors’ ownership of Viasat common stock fell below 25% on February 10, 2025, and as a result, under the Stockholders Agreement the Inmarsat Investors were no longer entitled to designate two directors to the Board. Accordingly, on March 6, 2025, Rajeev Suri notified the Company that he intends to retire from the Board effective immediately. The Company expresses its gratitude to Mr. Suri for his service as a director.

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.

                           VIASAT, INC.                                 
  Date: March 7, 2025      By:               /s/ Brett Church           
                           Name:             Brett Church               
                           Title:            Associate General Counsel