Summary
Globalstar, Inc. (GSAT) held its Annual Meeting of Stockholders on May 23, 2022, with a significant portion of its shares represented. The meeting's primary outcomes involved the election of Class A directors and the ratification of the independent auditor. Investors should note that Thermo Companies and its affiliates had certain voting restrictions for the director election, which is a detail that impacts the interpretation of the voting results. The election of directors saw both nominees, Keith O. Cowan and Benjamin G. Wolff, successfully elected to serve until the 2025 Annual Meeting of Stockholders. The ratification of Ernst & Young LLP as the independent registered accounting firm for the fiscal year ending December 31, 2022, also passed with overwhelming support, indicating continued confidence in the firm's audit services.
Key Highlights
- 1Globalstar held its Annual Meeting of Stockholders on May 23, 2022.
- 2Both nominees for Class A director, Keith O. Cowan and Benjamin G. Wolff, were elected to serve until the 2025 Annual Meeting.
- 3Ernst & Young LLP was ratified as the independent registered accounting firm for the fiscal year ending December 31, 2022.
- 4The Thermo Companies and its affiliates had voting restrictions for the election of Class A Directors.
- 5A total of 1,604,260,360 shares were represented in person or by proxy at the meeting.
- 6The ratification of the auditor received strong approval, with 1,598,010,319 shares voting in favor.