Viasat Names New CFO, Sets Compensation
Ticker: VSAT · Form: 8-K · Filed: Aug 28, 2024 · CIK: 797721
Sentiment: neutral
Topics: executive-compensation, cfo-appointment, employment-agreement
Related Tickers: VSAT
TL;DR
Viasat just hired Ryan L. Hall as CFO with a new employment agreement detailing salary and equity.
AI Summary
Viasat Inc. announced on August 23, 2024, changes in its executive compensation arrangements. Specifically, the company entered into an employment agreement with Ryan L. Hall, appointing him as Chief Financial Officer. The agreement outlines his base salary, bonus potential, and equity awards, reflecting a significant compensation package for the new CFO.
Why It Matters
The appointment of a new CFO and the details of their compensation package can signal the company's financial strategy and outlook to investors.
Risk Assessment
Risk Level: medium — Changes in executive leadership, especially key financial roles, can introduce uncertainty and potential shifts in company strategy.
Key Players & Entities
- Viasat Inc. (company) — Registrant
- Ryan L. Hall (person) — Appointed Chief Financial Officer
- August 23, 2024 (date) — Date of earliest event reported
- 6155 El Camino Real, Carlsbad, California 92009 (location) — Principal executive offices
FAQ
What is Ryan L. Hall's base salary as CFO?
The filing does not specify the exact base salary amount for Ryan L. Hall in this section, but mentions it is part of his employment agreement.
When did Ryan L. Hall's appointment as CFO become effective?
The filing reports August 23, 2024, as the date of the earliest event, which includes the appointment.
What other compensation elements are included in Ryan L. Hall's agreement?
The agreement includes provisions for annual bonus opportunities and equity awards, in addition to base salary.
What is Viasat Inc.'s principal executive office address?
Viasat Inc.'s principal executive offices are located at 6155 El Camino Real, Carlsbad, California 92009.
What is the filing date for this 8-K report?
This 8-K report was filed on August 28, 2024.
Filing Stats: 1,590 words · 6 min read · ~5 pages · Grade level 11.3 · Accepted 2024-08-28 08:00:53
Key Financial Figures
- $0.0001 — ch Registered) Common Stock, par value $0.0001 per share VSAT The Nasdaq Stock Mar
- $475,000 — eceive a sign-on bonus in the amount of $475,000. The sign-on bonus will be subject to r
- $1,250,000 — unit award with an approximate value of $1,250,000 (with the number of restricted stock un
- $3,000,000 — unit award with an approximate value of $3,000,000 (with the number of restricted stock un
- $120,000 — ntly proposed transaction, in excess of $120,000 in which Viasat is or was a participant
Filing Documents
- d848103d8k.htm (8-K) — 31KB
- d848103dex991.htm (EX-99.1) — 10KB
- g848103g0828044357291.jpg (GRAPHIC) — 2KB
- 0001193125-24-208251.txt ( ) — 170KB
- vsat-20240823.xsd (EX-101.SCH) — 3KB
- vsat-20240823_lab.xml (EX-101.LAB) — 17KB
- vsat-20240823_pre.xml (EX-101.PRE) — 11KB
- d848103d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release, dated August 28, 2024, issued by Viasat, Inc. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date:August 28, 2024 VIASAT, INC. By: /s/ Brett Church Name: Brett Church Title: Associate General Counsel 3