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): November 6, 2013
GLOBALSTAR, INC.
(Exact name of registrant as specified in its charter)
Delaware of Incorporation) |
001-33117 (Commission File Number) |
41-2116508 (IRS Employer |
| 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:
¨ 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 7.01 Regulation FD Disclosure.
During Globalstar’s previously announced conference call at 10 a.m. Eastern Time on November 6, 2013, written presentation materials will be used and will be available on the company’s website. The text of the presentation materials is furnished as Exhibit 99.1 to this Form 8-K.
The information in this Current Report on Form 8-K and the Exhibit attached hereto is furnished pursuant to the rules and regulations of the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Presentation materials dated November 6, 2013
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/ L. Barbee Ponder IV
L. Barbee Ponder IV
VP Regulatory Affairs and General Counsel
Date: November 6, 2013
Exhibit 99.1
GLOBALSTAR CONFERENCE CALL FCC’S NOTICE OF PROPOSED RULEMAKING November 6, 2013
This presentation may contain forward - looking statements within the meaning of federal securities law . Please note that the information in this presentation is accurate only as of today, Wednesday, November 6 , 2013 . These forward - looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward - looking statements . Additional risk factors related to our business are included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10 - K, Quarterly Reports on Form 10 - Q and Current Reports on Form 8 - K . SAFE HARBOR LANGUAGE 1
2 TLPS 11 6 1 2400 MHz 2483.5 MHz 2500 MHz 2401 2423 2426 2448 2451 2473 2495 Globalstar Licensed Band ISM Band Authorized for Unlicensed 802.11 Wi - Fi 2483.5 22 MHz Terrestrial Band ISM TERRESTRIAL LOW POWER SERVICE (TLPS) CHANNELIZATION TLPS is a managed, carrier - grade “Wi - Fi like” service
FCC’S NPRM PROCESS HIGHLIGHTS Recognizes Globalstar’s commitment to Mobile Satellite Services First Permits Globalstar to offer low power mobile broadband services Second Substantially eliminates the ATC gating criteria as they relate to Globalstar’s provision of mobile broadband services Third No build out requirements imposed for terrestrial authority Fourth Requires Globalstar to protect other licensed services from harmful interference Fifth Proposes technical rules (power limits, OOBE rules) that strike an appropriate balance to protect other licensed and unlicensed interests Sixth Proposes equipment certification rules to minimize the burdens on device manufacturers Seventh Major Highlights: In November 2013, the Federal Communications Commission (“FCC”) voted to release Globalstar’s requested Notice of Proposed Rulemaking (“NPRM”) to provide a “Wi - Fi like” service over its spectrum (2483.5 - 2495 MHz) and the adjacent ISM spectrum (2473 - 2483.5 MHz) The FCC has established a comment cycle of 75 days and 105 days for initial and reply comments, respectively 3
Materially expands the nation’ s spectral capacity to relieve existing Wi - Fi congestion Clear TLPS channel provides for improved range and effective capacity of approximately 5x and 4x, respectively, as compared to public Wi - Fi Provides 20,000 TLPS - capable access points free of charge to public interest groups, including schools, libraries and hospitals Leverages existing network / handset investment and ecosystem Requires only a low incremental cost infrastructure system Provides Mobile Satellite Services free of charge to Globalstar subscribers in federally declared disaster areas PRINCIPAL BENEFITS OF TLPS 4 For additional details regarding further benefits, macro industry themes, investment drivers, etc., please visit www.globalstar.com/TLPS