Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 88

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 88
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at after completion of the Acquisition but will not be restated retroactively to reflect the historical financial condition or results of
operations of Intelsat. The earnings of SES following the completion of the Acquisition will reflect acquisition accounting adjustments, including the effect of changes in the carrying value for assets and liabilities on depreciation expense,
amortization expense and interest expense. Indefinite-lived intangible assets and goodwill will not be amortized but will be tested for impairment at least annually, and all tangible and intangible assets including goodwill will be tested for
impairment when certain indicators are present. If, in the future, SES determines that tangible or intangible assets (including goodwill) are impaired, SES would record an impairment charge at that time.

58

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Interests of Certain Persons in the Transactions Interests of SES’s Directors and Executive Committee Members in the Transactions Other than with respect to continued service for, employment by and the right to continued indemnification by the Combined Group, as of the date of this prospectus, SES’s directors and Executive Committee Membersdo not have financial interests in the Transactions that are different from, or in addition to, the interests of other SES shareholders generally. The SES Board was aware of these potential conflicts of interest during its deliberations on the merits of the Transactions and in making its decision to approve the Share Purchase Agreement and the Transactions. Interests of Intelsat’s Directors and Executive Officers in the Transactions Intelsat’s executive officers and directors have interests in the Transactions that may be different from, or in addition to, those of Intelsat shareholders generally. The Intelsat Board was aware of and considered these interests, among other matters, in approving the Share Purchase Agreement and the Transactions. These interests include (i) the accelerated vesting and payment in respect of outstanding Intelsat equity awards pursuant to the Share Purchase Agreement, (ii) the potential receipt of certain payments and benefits under the executive officer’s employment agreements upon certain types of terminations of employment following the consummation of the Transactions and (iii) the entitlement to indemnification benefits in favor of directors and executive officers of Intelsat. Executive Officers and Non-EmployeeDirectors For purposes of this disclosure, Intelsat’s executive officers are as follows:

| Name                   |     | Position                                                       |
| David Wajsgras         |     | Chief Executive Officer and Director                           |
| Anthony (Toby) O’Brien |     |