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): May 25, 2010
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.)
|
|
461
South Milpitas Blvd. Milpitas, California
|
95035
|
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (408) 933-4000
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:
□ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
□ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
□ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
□ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.07 Submission of Matters to a Vote of Security Holders
Globalstar, Inc. held its Annual
Meeting of Stockholders on May 25, 2010. The company submitted three
matters to the vote of the stockholders. A summary of the matters
voted upon by stockholders is set forth below.
1. Stockholders
elected each of the two nominees for Class A Director to serve for a term to
expire at the 2013 Annual Meeting of Stockholders based on the following
votes:
|
Name
|
Votes For
|
Votes Withheld
|
Broker Non-Votes
|
|
J.
Patrick McIntyre
|
228,958,864
|
1,185,811
|
24,804,146
|
|
Richard
S. Roberts
|
226,211,017
|
3,933,658
|
24,804,146
|
2. Stockholders
ratified the issuance of 2,525,750 shares of nonvoting common stock to Thermo
Funding Company LLC (Thermo Funding) in exchange for $2,425,983.26 in debt
(including accrued interest) outstanding under a short term note between the
company and Thermo Funding based on the following votes:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
213,048,095
|
17,077,459
|
19,121
|
24,804,146
|
3. Stockholders
ratified the appointment of Crowe Horwath LLP as the company’s independent
registered public accounting firm for the fiscal year ending December 31, 2010
based on the following votes:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
254,770,064
|
73,153
|
105,604
|
0
|
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/
Stuart
Mar
|
||||
|
Stuart
Mar
|
||||
|
|
Vice
President and Chief Accounting Officer
|
Date: May 26,
2010