Item 4.01 Change in Registrant's Certifying Accountant.
(a) Dismissal of Previous Independent Registered Public Accounting Firm.
On March 3, 2020, Globalstar, Inc. (the "Company") dismissed Crowe LLP ("Crowe")
as the Company's independent registered public accounting firm. The decision to
change the Company's independent registered public accounting firm was the
result of a request for proposal process in which the Audit Committee of the
Company's Board of Directors conducted a comprehensive, competitive process to
select the independent registered public accounting firm, and which action was
ratified by the Board of Directors.
The audit reports of Crowe on the consolidated financial statements of the
Company for each of the two most recent fiscal years ended December 31, 2019 and
December 31, 2018 did not contain an adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or accounting
principles.
During the Company's two most recent fiscal years ended December 31, 2019 and
December 31, 2018, and during the subsequent interim period from January 1, 2020
to March 3, 2020 (i) there were no disagreements with Crowe on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedures that, if not resolved to Crowe's satisfaction, would have
caused Crowe to make reference to the subject matter of the disagreement in
connection with its reports and (ii) there were no "reportable events" as
defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Crowe with a copy of the disclosures in this report prior
to filing with the Securities and Exchange Commission (the "SEC"). A copy of
Crowe's letter dated March 5, 2020 to the SEC, stating whether it agrees with
the statements made in this report, is filed as Exhibit 16.1 to this report.
(b) Engagement of New Independent Registered Public Accounting Firm.
On March 5, 2020, the Audit Committee engaged Ernst & Young LLP ("EY") as the
Company's independent registered public accounting firm for the year ending
December 31, 2020.
During the two most recent fiscal years ended December 31, 2019 and December 31,
2018 and during the subsequent interim period from January 1, 2020 through March
5, 2020, neither the Company nor anyone on its behalf consulted EY regarding
either (i) the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on the Company's financial statements, and neither a written report nor
oral advice was provided to the Company that EY concluded was an important
factor considered by the Company in reaching a decision as to any accounting,
auditing or financial reporting issue, or (ii) any matter that was either the
subject of a "disagreement" or a "reportable event", each as defined in
Regulation S-K Item 304(a)(1)(v), respectively.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
16.1 Letter from Crowe LLP addressed to the Securities and Exchange
Commission
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