Current Report · Items 5.02, 8.01 · 8-K
Hughes Satellite Systems Corp
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On July 6, 2026, after discussions with the Board of Directors regarding a change of strategic direction, Mr.…
Filed Jul 7, 2026Accepted Jul 7, 2026, 9:01 AM EDTCIK 1533758Accession 0001104659-26-080994
Registered securities in this filing
ECHOSTAR CORPORATION · 8-K · Filed 2026-07-07
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Class A common stock, $0.001 par value
- Symbol
- ECHO
- Exchange
- NASDAQ
- Classification
- COMMON
Filing context
Context: AsOf2026-07-06
Dimensions: Not supplied
Accession 000110465926080994 · 1 registered-security cover member
Read the exact SEC filing ↗Disclosure sections
Items 5.02, 8.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On July 6, 2026, after discussions with the Board of Directors
regarding a change of strategic direction, Mr. Hamid Akhavan, Chief Executive Officer, EchoStar Capital, President and Chief Executive
Officer Hughes (as defined below) and a member of EchoStar Corporation’s (“EchoStar” or the “Company”) and
Hughes Satellite Systems Corporation (“Hughes”) boards of directors, notified the Company and Hughes that he will resign effective
immediately from all positions with the Company and Hughes.
To ensure an orderly transition, Mr. Akhavan will be available to consult
with the Company and Hughes through December 31, 2026.
(c) Mr. Charles W. Ergen will take over Mr. Akhavan’s
responsibilities as Principal Executive Officer of Hughes. Information regarding Mr. Ergen’s compensation and related-party
transactions are included in the Company’s filings.
(e) In connection with the events in 5.02(b) above, Mr. Akhavan’s
Letter Agreement will be modified to accelerate the July 6, 2026 vesting of Mr. Akhavan’s outstanding options previously scheduled
to vest on December 31, 2026.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events
EchoStar Capital will fold into Corporate Development run by Mr. Thomas
A. Cullen, who has almost 20 years with the company as the Executive Vice President, Corporate Development.