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).
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