• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 8-K filed by ViaSat Inc.

    5/22/25 4:19:06 PM ET
    $VSAT
    Radio And Television Broadcasting And Communications Equipment
    Technology
    Get the next $VSAT alert in real time by email
    8-K
    VIASAT INC false 0000797721 0000797721 2025-05-21 2025-05-21
     
     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): May 21, 2025

     

     

     

    LOGO

    VIASAT, INC.

    (Exact name of registrant as specified in its charter)

     

     

     

    Delaware   000-21767   33-0174996
    (State or other jurisdiction
    of incorporation)
      (Commission
    File No.)
      (I.R.S. Employer
    Identification No.)

    6155 El Camino Real

    Carlsbad, California 92009

    (Address of principal executive offices, including zip code)

    Registrant’s telephone number, including area code: (760) 476-2200

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    (Title of Each Class)

     

    (Trading
    Symbol)

     

    (Name of Each Exchange
    on which Registered)

    Common Stock, par value $0.0001 per share   VSAT   The Nasdaq Stock Market LLC

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     
     


    Introductory Note

    On May 30, 2023, as previously reported, Viasat, Inc., a Delaware corporation (“Viasat”), purchased all of the issued and outstanding shares of Connect Topco Limited, a private company limited by shares and incorporated in Guernsey (“Inmarsat”), pursuant to a Share Purchase Agreement, dated as of November 8, 2021 (as amended, the “Purchase Agreement”), by and among Viasat, the shareholders of Inmarsat and the other parties thereto in exchange for (i) cash consideration equal to $550.7 million, subject to adjustments, and (ii) approximately 46.36 million unregistered shares of common stock, par value $0.0001 per share, of Viasat (“Common Shares”), upon the terms and subject to the conditions set forth therein (the “Acquisition”).

    In connection with the Acquisition, simultaneously with the execution and delivery of the Purchase Agreement on November 8, 2021, Viasat, Triton LuxTopHolding SARL (“Apax”), CPP Investment Board Private Holdings (4) Inc. (“CPP”), Ontario Teachers’ Pension Plan Board (“OTPP”) and WP Triton Co-Invest, L.P. (“WP” and together with Apax, CPP and OTPP, collectively, the “Former Sellers”) entered into a Stockholders Agreement with respect to their holdings of Common Shares (the “Former Stockholders Agreement”).

    Item 1.01   Entry into a Material Definitive Agreement.

    New Stockholder Agreements

    On May 21, 2025, Viasat entered into a separate new Stockholder Agreement with each of the Former Sellers (each, a “New Stockholder Agreement” and collectively, the “New Stockholder Agreements”) which supersede and replace the Former Stockholders Agreement.

    Under each New Stockholder Agreement, so long as WP beneficially owns at least 3% of the total outstanding Common Shares and each of Apax, CPP and OTPP, respectively, beneficially owns at least 1% of the total outstanding Common Shares, each of WP, Apax, CPP and OTPP, as applicable, agrees to vote its Common Shares, subject to certain exceptions relating to significant corporate transactions, in accordance with the recommendations of the board of directors of Viasat (the “Board”). In addition, the New Stockholder Agreements impose certain transfer restrictions with respect to the Common Shares beneficially owned by each of WP, Apax, CPP and OTPP, as well as customary standstill limitations.

    The foregoing description of the New Stockholder Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the New Stockholder Agreements, which are filed as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

    Item 1.02   Termination of a Material Definitive Agreement.

    Former Stockholders Agreement

    On May 21, 2025, as contemplated by the New Stockholder Agreements, the Former Stockholders Agreement was terminated. The Former Stockholders Agreement provided, among other things, that the Former Sellers had the right to appoint up to two directors to the Board based on their percentage holdings of Common Shares. In connection with the termination of the Former Stockholders Agreement, the Former Sellers no longer have such right.

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

    On May 21, 2025, Andrew Sukawaty tendered his resignation from the Board and all applicable Board committees, effective immediately. Mr. Sukawaty indicated that his decision to resign from the Board was not the result of any disagreement with Viasat on any matter relating to its operations, policies or practices. Viasat expressed its gratitude to Mr. Sukawaty for his service as a director.

     

     

    2


    Item 9.01

    Financial Statements and Exhibits.

    (d) Exhibits

     

    Exhibit

    Number

      

    Description of Exhibit

    10.1*    Stockholder Agreement, dated as of May 21, 2025, by and between Viasat, Inc. and Triton LuxTopHolding SARL.
    10.2*    Stockholder Agreement, dated as of May 21, 2025, by and between Viasat, Inc. and CPP Investment Board Private Holdings (4) Inc.
    10.3*    Stockholder Agreement, dated as of May 21, 2025, by and between Viasat, Inc. and Ontario Teachers’ Pension Plan Board.
    10.4*    Stockholder Agreement, dated as of May 21, 2025, by and between Viasat, Inc. and WP Triton Co-Invest, L.P.
    104    Cover Page Interactive Data File (embedded with the Inline XBRL document)

     

    *

    Certain schedules to this Exhibit omitted pursuant to Regulation S-K Item 601(b)(2) or 601(a)(5) (as applicable). Viasat agrees to furnish a supplemental copy of any omitted schedule to the SEC upon request; provided, however, that Viasat may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act for any document so furnished.

     

    3


    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.

     

        VIASAT, INC.
    Date: May 22, 2025     By:  

    /s/ Brett Church

        Name:   Brett Church
        Title:   Associate General Counsel

     

    4

    Get the next $VSAT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $VSAT

    DatePrice TargetRatingAnalyst
    3/24/2025$15.00Hold → Buy
    Deutsche Bank
    1/24/2025$12.00Neutral
    Cantor Fitzgerald
    10/15/2024$28.00 → $19.00Buy
    Needham
    9/17/2024$29.00 → $15.00Overweight → Neutral
    JP Morgan
    10/17/2023$22.00Hold
    Deutsche Bank
    10/17/2023$35.00 → $30.00Neutral → Overweight
    JP Morgan
    8/16/2023$35.00Neutral
    JP Morgan
    1/26/2023Outperform → Mkt Perform
    William Blair
    More analyst ratings

    $VSAT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Laplante William Albert

      4 - VIASAT INC (0000797721) (Issuer)

      5/19/25 4:16:33 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • SEC Form 4 filed by Director Paull Michael

      4 - VIASAT INC (0000797721) (Issuer)

      5/19/25 4:13:58 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • SEC Form 3 filed by new insider Laplante William Albert

      3 - VIASAT INC (0000797721) (Issuer)

      5/19/25 4:11:04 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $VSAT
    SEC Filings

    See more
    • SEC Form SD filed by ViaSat Inc.

      SD - VIASAT INC (0000797721) (Filer)

      5/29/25 5:12:06 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • SEC Form 8-K filed by ViaSat Inc.

      8-K - VIASAT INC (0000797721) (Filer)

      5/22/25 4:19:06 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • SEC Form 8-K filed by ViaSat Inc.

      8-K - VIASAT INC (0000797721) (Filer)

      5/20/25 4:05:29 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $VSAT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by ViaSat Inc.

      SC 13G/A - VIASAT INC (0000797721) (Subject)

      11/13/24 4:01:30 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Amendment: SEC Form SC 13D/A filed by ViaSat Inc.

      SC 13D/A - VIASAT INC (0000797721) (Subject)

      8/14/24 9:28:50 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Amendment: SEC Form SC 13D/A filed by ViaSat Inc.

      SC 13D/A - VIASAT INC (0000797721) (Subject)

      8/14/24 9:07:38 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $VSAT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Viasat upgraded by Deutsche Bank with a new price target

      Deutsche Bank upgraded Viasat from Hold to Buy and set a new price target of $15.00

      3/24/25 8:28:17 AM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Cantor Fitzgerald initiated coverage on Viasat with a new price target

      Cantor Fitzgerald initiated coverage of Viasat with a rating of Neutral and set a new price target of $12.00

      1/24/25 7:46:45 AM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Needham reiterated coverage on Viasat with a new price target

      Needham reiterated coverage of Viasat with a rating of Buy and set a new price target of $19.00 from $28.00 previously

      10/15/24 8:11:32 AM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $VSAT
    Financials

    Live finance-specific insights

    See more
    • Viasat Releases Fourth Quarter and Fiscal Year 2025 Financial Results

      CARLSBAD, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today published its fourth quarter and fiscal year 2025 financial results in a letter to shareholders, which, along with webcast slides, is now posted to the Investor Relations section of Viasat's website. As previously announced, Viasat will host a conference call today, Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference are U.S. (800) 715-9871 and International (646) 307-1963. Please reference conference ID 9104119. Participants can also listen to the live webcast from the Investor Relations section of

      5/20/25 4:05:00 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Viasat Sets May 20, 2025 for Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call and Webcast

      CARLSBAD, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today announced it will release its fourth quarter and fiscal year 2025 financial results on Tuesday, May 20, 2025 after the market closes, via a letter to shareholders posted to the Investor Relations section of its website. The Company will also host a conference call and webcast on Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. To participate on the live conference call, please dial: (800) 715-9871 in the U.S. or +1 (646) 307-1963 internationally and reference the conference ID 9104119. The live webcast will be available on Viasat's Inv

      5/13/25 4:05:00 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Viasat Releases Third Quarter Fiscal Year 2025 Financial Results

      CARLSBAD, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today published its third quarter fiscal year 2025 financial results in a letter to shareholders, which, along with webcast slides, is now posted to the Investor Relations section of Viasat's website. As previously announced, Viasat will host a conference call today, Thursday, February 6, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference are U.S. (800) 715-9871 and International (646) 307-1963. Please reference conference ID 2357759. Participants can also listen to the live webcast from the Investor Relations section of

      2/6/25 4:32:00 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $VSAT
    Leadership Updates

    Live Leadership Updates

    See more

    $VSAT
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $VSAT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Skylo Drives Into Automotive Sector With BMW Group, Deutsche Telekom, Qualcomm, HARMAN, Fraunhofer IIS, Cubic³, and Others

      Showcases Location Tracking, Navigation, and Emergency Services Powered by Skylo Skylo Technologies, the global leader in direct-to-device satellite connectivity with over 5 million commercially activated devices, unveils a glimpse into the next phase of its satellite connectivity strategy. Following its successful launch of seamless satellite messaging for smartphones, Skylo is now bringing the same scale, reliability, and ease of integration to vehicles, powering a new generation of ubiquitous connectivity for safety, diagnostics, and emergency services using embedded antennas and existing chipset suppliers. Skylo is proud to be a newly announced member of the 5G Automotive Association

      5/13/25 8:00:00 AM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Viasat Announces Appointments of Bill LaPlante and Michael Paull to Its Board of Directors

      CARLSBAD, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today announced the appointments of  Dr. William "Bill" LaPlante and Michael Paull to its Board of Directors, effective immediately. "We are delighted that Dr. LaPlante and Mr. Paull have agreed to join our Board," said Mark Dankberg, Chairman of the Board and CEO at Viasat. "Dr. LaPlante brings a wealth of defense and national security experience, while Mr. Paull is a proven leader in the direct-to-consumer digital streaming industry. Dr. LaPlante's skillset in the defense area is wide-ranging, from technology, to logistics, to global alliance-building, while Mr. Pa

      5/12/25 4:05:00 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Viasat Appoints Gary Chase as Chief Financial Officer

      Scalable operational finance expertise supports growth plans CARLSBAD, Calif., Aug. 28, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today announced the appointment of Gary Chase as Chief Financial Officer, effective September 16, 2024. He will succeed Shawn Duffy, who will remain with Viasat in the role of Chief Accounting Officer. Mr. Chase joins Viasat from Delta Air Lines, where he most recently served as Senior Vice President of Operational Finance and was a member of the Delta Leadership Committee, a group of top executives reporting directly to the CEO. During his more than 12-year tenure at Delta Air Lines, Mr. Chase oversaw a number

      8/28/24 8:02:00 AM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Director Baldridge Richard A bought $820,000 worth of $.0001 par value common stock (55,000 units at $14.91) (SEC Form 4)

      4 - VIASAT INC (0000797721) (Issuer)

      9/13/24 4:08:07 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Inmarsat Provides NexusWave to Mitsui O.S.K. Lines to Help Accelerate Onboard Digitalisation Strategy

      CARLSBAD, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade their fleet from Fleet Xpress (FX) service to Inmarsat's NexusWave. This fleet-wide transition to NexusWave will allow MOL to benefit from Inmarsat's fully managed bonded connectivity service and accelerate the digitalisation strategy of the leading Japanese shipping company. Local Inmarsat partner JSAT MOBILE Communications will be responsible for implementing and supporting the upgrades on board, covering a fleet that includes liquefied natural gas (LNG) carriers, oil tankers, and car carriers. In response to evolving ope

      5/21/25 8:00:00 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Viasat Releases Fourth Quarter and Fiscal Year 2025 Financial Results

      CARLSBAD, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today published its fourth quarter and fiscal year 2025 financial results in a letter to shareholders, which, along with webcast slides, is now posted to the Investor Relations section of Viasat's website. As previously announced, Viasat will host a conference call today, Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference are U.S. (800) 715-9871 and International (646) 307-1963. Please reference conference ID 9104119. Participants can also listen to the live webcast from the Investor Relations section of

      5/20/25 4:05:00 PM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Viasat and Blue Origin to Partner on Launch Telemetry Demonstration for NASA Communications Services Project

      CARLSBAD, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Viasat Inc. (NASDAQ:VSAT), a global leader in satellite communications (SATCOM), today announced it has selected Blue Origin as its launch mission partner to support Viasat's demonstration of its InRange launch telemetry relay service as part of its work with NASA's Communications Services Project (CSP). Viasat's Space and Mission Systems team, part of the company's Defense and Advanced Technologies (DAT) segment, will work with Blue Origin across two future launches to integrate the user terminal and InRange solution on the New Glenn launch vehicle to showcase this innovative space-based launch communications capability. Blue Origin succe

      5/14/25 8:00:00 AM ET
      $VSAT
      Radio And Television Broadcasting And Communications Equipment
      Technology