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): February 3,
2011
GLOBALSTAR,
INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
001-33117
(Commission
File
Number)
|
41-2116508
(IRS
Employer
Identification
No.)
|
|
300 Holiday Square Blvd. Covington,
LA
|
70433
|
|
(Address of Principal
Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (985) 335-1500
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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
5.02
|
Departure
of Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers.
|
On February 3, 2011, Globalstar’s Board
of Directors elected John Kneuer as a Class B director and member of the Audit
Committee effective immediately. Mr. Kneuer is currently President of JKC
Consulting and a Senior Partner of Fairfax Media Partners, LLC. From
October 2003 to November 2007, Mr. Kneuer served first as the Deputy Assistant
Secretary, and then as the Assistant Secretary of Commerce for Communications
and Information. As Assistant Secretary, Mr. Kneuer was the principal advisor to
the President of the United States on telecommunications policy and the
Administrator of the National Telecommunications and Information
Administration.
There are no arrangements or
understandings between Mr. Kneuer and any other persons pursuant to which he was
selected as director and there are no transactions between the Company and Mr.
Kneuer that would require disclosure under Item 404(a) of Regulation
S-K.
The Board
has determined that Mr. Kneuer is an independent director as defined in Rule
10A-3 under the Securities Exchange Act of 1934 and Nasdaq Listing
Rules. As a result of Mr. Kneuer’s appointment, the Company is now in
compliance with Nasdaq Listing Rule 5605(c)(2), which requires that the Audit
Committee be comprised of at least three independent members.
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.
| GLOBALSTAR, INC. | |||
|
|
/s/ Dirk J. Wild | ||
| Dirk J. Wild | |||
|
Senior
Vice President and
Chief Financial Officer
|
|||
Date: February
4, 2011