Globalstar (NASDAQ: GSAT) investors approve directors, auditor and pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Globalstar, Inc. held its 2026 annual stockholders meeting on May 13, 2026. Stockholders elected Class B directors James F. Lynch and Timothy E. Taylor to terms running until the 2029 annual meeting, or until successors are elected and qualified.
Shareholders also ratified Ernst & Young LLP as independent registered public accounting firm for 2026 and approved, on an advisory basis, compensation for the company’s named executive officers. Of 128,591,126 shares outstanding as of March 23, 2026, 115,549,917 were represented in person or by proxy, providing a strong quorum for the votes.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding: 128,591,126 shares
Shares represented: 115,549,917 shares
Votes for Lynch: 92,212,990 votes
+3 more
6 metrics
Shares outstanding
128,591,126 shares
Common stock outstanding as of March 23, 2026 record date
Shares represented
115,549,917 shares
Shares present in person or by proxy at 2026 annual meeting
Votes for Lynch
92,212,990 votes
For election of Class B director James F. Lynch
Votes for Taylor
96,896,894 votes
For election of Class B director Timothy E. Taylor
Auditor ratification support
114,793,734 votes
Votes for ratifying Ernst & Young LLP as 2026 auditor
Say-on-pay support
97,774,479 votes
Votes for advisory approval of named executive officer compensation
Key Terms
broker non-votes, independent registered public accounting firm, advisory basis, emerging growth company
4 terms
broker non-votes financial
"Name | For | Withhold | Broker Non-Votes James F. Lynch | 92,212,990"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory basis financial
"approved, on an advisory basis, the compensation of the Company’s named executive officers"
emerging growth company regulatory
"Emerging growth company Item 5.07 Submission of Matters to a Vote"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
