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ECHOSTAR CORPORATION

(SATS)
  Report
Delayed Nasdaq  -  04:00:00 2023-01-26 pm EST
18.85 USD   +1.18%
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ECHOSTAR CORP : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

12/01/2022 | 04:18pm EST

Item 5.02. Departure of Directors or Certain Officers? Election of Directors? Appointment of Certain Officers? Compensatory Arrangements of Certain Officers.

On December 1, 2022, EchoStar Corporation (the "Company") announced that Pradman P. Kaul will retire from his positions as President of Hughes Communications, Inc., a wholly owned subsidiary of the Company ("Hughes Communications") and as President of Hughes Network Systems, LLC, a wholly owned subsidiary of Hughes Communications, effective as of the close of business on December 31, 2022. Mr. Kaul will continue to serve as a member of the Board of Directors of the Company. The Board of Directors has appointed Mr. Kaul to serve as Vice Chair of the Board of Directors effective January 1, 2023. Mr. Kaul will be paid an annual cash retainer of $120,000 for his service as Vice Chair, and will otherwise be eligible to receive the same compensation as is paid to the Company's non-employee directors.

Also on December 1, 2022, the Company announced that Paul Gaske, the Executive Vice President and General Manager of the North American Division of Hughes Network Systems, LLC, has been appointed to the role of Chief Operating Officer of the Company effective January 1, 2023, and will report to the Company's Chief Executive Officer. Mr. Gaske, age 68, has served in his current position since 1999. In his current role, he is responsible for HughesNet®, the company's flagship satellite Internet service; the Company's managed network services for enterprise customers; the in-flight broadband business; the Company's defense and intelligence business; and numerous SATCOM services. Mr. Gaske also oversees Hughes manufacturing.

A copy of the press release announcing these matters is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit No.  Description




  99.1     EchoStar Corporation Press Release dated December 1, 2022.



104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

© Edgar Online, source Glimpses

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Analyst Recommendations on ECHOSTAR CORPORATION
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Financials (USD)
Sales 2022 1 977 M - -
Net income 2022 152 M - -
Net cash 2022 256 M - -
P/E ratio 2022 10,5x
Yield 2022 -
Capitalization 1 567 M 1 567 M -
EV / Sales 2022 0,66x
EV / Sales 2023 0,62x
Nbr of Employees 2 500
Free-Float 31,1%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 18,85 $
Average target price 23,50 $
Spread / Average Target 24,7%
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Managers and Directors
Hamid Akhavan-Malayeri President, CEO & Principal Financial Officer
Charles William Ergen Chief Executive Officer
T. Paul Gaske Chief Operating Officer
Michelle Pearre Senior VP-Human Resources & Administration
C. Michael Schroeder Independent Director
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