Globalstar, Inc. (GSAT)

1.0100 -0.0100 (-0.98%) At close: 04:00PM EDT

Globalstar, Inc.

1351 Holiday Square Boulevard
Covington, LA 70433
United States
985 335 1500
https://www.globalstar.com

Sector(s): Communication Services
Industry: Telecom Services
Full-time employees: 329

Key executives

Name	Title	Pay	Exercised	Year born
Mr. James Monroe III	Exec. Chairman	50k	N/A	1955
Mr. David B. Kagan	Chief Exec. Officer	706.4k	N/A	1962
Ms. Rebecca S. Clary	VP & CFO	422.87k	189.25k	1979
Mr. L. Barbee Ponder IV	Gen. Counsel & VP of Regulatory Affairs	N/A	N/A	1967
Mr. Timothy Evan Taylor	VP of Fin., Bus. Operations & Strategy and Director	50k	N/A	1983
Mr. Wen Doong	Sr. VP of Engineering & Operations	N/A	N/A	N/A
Mr. James A. Seese II	VP of Admin.	N/A	N/A	N/A
Denise Davila	Corp. Communications Mang.	N/A	N/A	N/A
Mr. Jake Rembert	VP of Sales & Marketing	N/A	N/A	N/A
Mr. Richard S. Roberts	Corp. Sec.	N/A	N/A	1946

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.

Corporate governance

Globalstar, Inc.’s ISS governance QualityScore as of 1 February 2023 is 9. The pillar scores are Audit: 6; Board: 10; Shareholder rights: 7; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.