Globalstar, Inc. 8-K

What Happened

• Globalstar, Inc. filed an 8‑K (May 15, 2026) reporting the outcomes of its 2026 Annual Meeting held May 13, 2026. Stockholders re‑elected two Class B directors, ratified Ernst & Young LLP as the independent auditor for 2026, and approved, on an advisory (non‑binding) basis, the compensation of the company’s named executive officers.
• Of 128,591,126 shares outstanding as of the March 23, 2026 record date, 115,549,917 shares were represented at the meeting.

Key Details

• Directors elected (terms run until the 2029 annual meeting):
  • James F. Lynch — For: 92,212,990; Withhold: 9,324,610; Broker non‑votes: 14,012,317.
  • Timothy E. Taylor — For: 96,896,894; Withhold: 4,640,706; Broker non‑votes: 14,012,317.
• Auditor ratification: Ernst & Young LLP — For: 114,793,734; Against: 614,674; Abstain: 141,509.
• Advisory vote on executive compensation (say‑on‑pay): For: 97,774,479; Against: 3,664,885; Abstain: 98,236; Broker non‑votes: 14,012,317.

Why It Matters

• Governance continuity: Re‑election of both Class B directors keeps board composition stable through 2029, which matters for oversight and strategic continuity.
• Audit continuity: Shareholder ratification of Ernst & Young maintains the company’s existing external audit relationship for 2026.
• Shareholder support for pay: A strong advisory (non‑binding) vote in favor of executive compensation signals broad shareholder approval of the company’s pay practices. Broker non‑votes were recorded on several matters and represent shares present that did not vote on those proposals.