Attached files
| file | filename |
|---|---|
| EX-99.1 - LETTER AGREEMENT - TERRESTAR CORP | ex99_1.htm |
| EX-99.2 - LETTER AGREEMENT - TERRESTAR CORP | ex99_2.htm |
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): March 30, 2010
TERRESTAR
CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
001-33546
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93-0976127
|
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(State
or Other Jurisdiction
|
(Commission
|
(IRS
Employer
|
|
of
Incorporation)
|
File
Number)
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Identification
No.)
|
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12010
Sunset Hills Road
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||
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Reston,
VA
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20190
|
|
|
(Address
of Principal
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(Zip
Code)
|
|
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Executive
Offices)
|
Registrant’s
telephone number, including area code: 703-483-7800
N/A
(Former
Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2.
below):
|
q
|
Written
communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|
|
q
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
q
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
q
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
(e) Amendment of Employment Agreement
with Jeffrey Epstein
On March
30, 2010, TerreStar Networks Inc. (“TerreStar Networks”),
a majority owned subsidiary of TerreStar Corporation (“TerreStar” or the
“Company”),
entered into a letter agreement with Jeffrey Epstein, its President and Chief
Executive Officer (the “Epstein Letter
Agreement”), amending the terms of the Employment Agreement dated January
15, 2008 by and between TerreStar Networks and Mr. Epstein, as amended May 20,
2008, November 24, 2008, and April 9, 2009 (the “Epstein Employment
Agreement”). Pursuant to the Epstein Letter Agreement the term
of the Epstein Employment Agreement is extended from May 20, 2010 to May 20,
2011. The remaining terms of the Epstein Employment Agreement are
unchanged. The description of the Epstein Letter Agreement is a
summary and does not purport to be complete and is qualified in its entirety by
reference to the copy of the Epstein Letter Agreement, attached hereto as
Exhibit 99.1, which is incorporated herein by reference.
Amendment
of Employment Agreement with Dennis Matheson
On March
30, 2010, TerreStar Networks entered into a letter agreement with Dennis
Matheson, its Chief Technology Officer (the “Matheson Letter
Agreement”), amending the terms of the Employment Agreement dated January
15, 2008 by and between TerreStar Networks and Mr. Matheson, as amended May 20,
2008, November 24, 2008, and April 9, 2009 (the “Matheson Employment
Agreement”). Pursuant to the Matheson Letter Agreement the
term of the Matheson Employment Agreement is extended from May 20, 2010 to May
20, 2011. The remaining terms of the Matheson Employment Agreement
are unchanged. The description of the Matheson Letter Agreement is a
summary and does not purport to be complete and is qualified in its entirety by
reference to the copy of the Matheson Letter Agreement, attached hereto as
Exhibit 99.2, which is incorporated herein by reference.
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Item
9.01.
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Financial
Statements and Exhibits.
|
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99.1
|
Letter
Agreement dated March 30, 2010 Amending Terms of Employment Agreement by
and between TerreStar Networks Inc. and Jeffrey Epstein
|
|
99.2
|
Letter
Agreement dated March 30, 2010 Amending Terms of Employment Agreement by
and between TerreStar Networks Inc. and Dennis
Matheson
|
-2-
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.
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TERRESTAR
CORPORATION
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|||
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Date: March
31, 2010
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By:
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/s/ Douglas Brandon | |
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Douglas
Brandon
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|||
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General
Counsel & Secretary
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