8 unchanged sentences
As of December 31, 2021, our management, with the participation of our Principal Executive Officer and Principal Financial Officer, evaluated our internal control over financial reporting.
−Removed: Although our employees have followed remote work arrangements caused by COVID-19, these circumstances have not adversely affected the Company's ability to maintain operations, including adequate financial reporting systems, internal control over financial reporting and disclosure controls and procedures.
−Removed: Additionally, in April 2020, we implemented a new billing system which resulted in our subscribers migrating to the new system.
−Removed: As a result of this migration, we planned and implemented changes to our internal control over financial reporting, none of which adversely affected the Company's internal control over financial reporting.
−Removed: Based on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that no changes in our internal control over financial reporting occurred during the year ended December 31, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Based on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that no changes in our internal control over financial reporting occurred during the year ended December 31, 2021 have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Management's Annual Report on Internal Control over Financial Reporting
7 unchanged sentences
There are inherent limitations in the effectiveness of any system of internal control over financial reporting;
−Removed: however, based on
−Removed: the evaluation, management has concluded the Company's internal control over financial reporting was effective as of December 31, 2020.
+Added: however, based on the evaluation, management has concluded the Company's internal control over financial reporting was effective as of December 31, 2021.
The Company’s internal control over financial reporting as of December 31, 2021 has been audited by Ernst & Young LLP, an independent registered public accounting firm, as stated in their report, which appears herein.
10 unchanged sentences
The information required by this item is incorporated by reference from the applicable information set forth in "Other Information - Related Person Transactions" and "Information about the Board of Directors and its Committees" which will be included in our definitive Proxy Statement for our 2022 Annual Meeting of Stockholders to be filed with the SEC.
−Removed: Principal Accounting Fees and Services
+Added: Principal Accountant Fees and Services
The information required by this item is incorporated by reference from the applicable information set forth in "Other Information - Globalstar's Independent Registered Accounting Firm" which will be included in our definitive Proxy Statement for our 2022 Annual Meeting of Stockholders to be filed with the SEC.
−Removed: Exhibits, Financial Statement Schedules
+Added: Exhibits and Financial Statement Schedules
(a) The following documents are filed as part of this Report:
13 unchanged sentences
GLOBALSTAR, INC.
−Removed: March 4, 2021 David B.
+Added: February 25, 2022 David B.
Chief Executive Officer
3 unchanged sentences
Clary, jointly and severally, his or her attorney-in-fact, with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his or her substitute or substitutes, may do or cause to be done by virtue hereof.
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated as of March 4, 2021.
+Added: Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated as of February 25, 2022.
Signature Title
18 unchanged sentences
Number Description
−Removed: 2.1* Agreement and Plan of Merger dated as of April 24, 2018 by and among Globalstar, Inc., GBS Acquisitions, Inc., Thermo Acquisitions, Inc., Stockholders of Thermo Acquisitions, Inc.
−Removed: and Thermo Development, Inc.
−Removed: (Exhibit 2.1 to Form 8-K filed April 25, 2018)
−Removed: 3.1* Corrected Second Amended and Restated Certificate of Incorporation of Globalstar, Inc.
−Removed: (Exhibit 3.1 to Form 8-K filed June 19, 2019)
+Added: 3.1* Third Amended and Restated Certificate of Incorporation of Globalstar, Inc.
+Added: (Appendix A to DEF 14A filed April 12, 2021)
3.2* Fourth Amended and Restated Bylaws of Globalstar, Inc.
6 unchanged sentences
10.1* Amended and Restated Loan Agreement between Globalstar, Inc., and Thermo Funding Company LLC dated as of July 31, 2013 (Exhibit 10.4 to Form 8-K filed August 22, 2013)
−Removed: 10.2* Common Stock Purchase Agreement dated as of June 30, 2017 between Globalstar, Inc.
−Removed: and Thermo Funding II LLC (Exhibit 10.3 to Current Report on Form 8-K filed July 7, 2017)
−Removed: 10.3* Voting Agreement dated as of April 24, 2018 (Exhibit 10.1 to Form 8-K filed on April 25, 2018)
−Removed: 10.4* Termination of Agreement and Plan of Merger dated as of July 31, 2018 (Exhibit 10.1 to Form 8-K filed on August 1, 2018)
10.2* Settlement Agreement dated December 14, 2018 (Exhibit 10.1 to form 8-K filed December 17, 2018)
10.3* Lease Agreement by and between Globalstar, Inc.
−Removed: and Thermo Covington, LLC dated February 1, 2019 (Exhib i t 10.1 to Form 10-Q filed May 2, 2019)
+Added: and Thermo Covington, LLC dated February 1, 2019 (Exhibit 10.1 to Form 10-Q filed May 2, 2019)
10.4* Form of Indemnification Agreement between Globalstar, Inc.
22 unchanged sentences
10.18*† 2019 Key Employee Bonus Plan (Exhibit 10.52 to Form 10-K Filed February 28, 2020)
−Removed: 10.22*† 2019 Key Employee Bonus Plan (Exhibit 10.52 to Form 10-K Filed February 28, 2020)
10.19*†† 2020 Key Employee Bonus Plan (Exhibit 10.1 to Form 10-Q filed November 5, 2020)
+Added: 10.20*†† 2021 Key Employee Bonus Plan (Exhibit 10.24 to Form 10-K Filed March 4, 2021)
10.21†† 2022 Key Employee Bonus Plan
1 unchanged sentence
10.23* Letter Agreement with David Kagan dated September 4, 2018 (Exhibit 10.59 to Form 10-K filed February 28, 2019)
−Removed: 16.1* Letter from Letter from Crowe LLP addressed to the Securities and Exchange Commission (Exhibit 16.1 to Form 8-K Filed March 5, 2020) LLP addressed to the Securities and Exchange Commission (Exhibit 16.1 to Form 8-K Filed March 5, 2020)
+Added: 10.24*†† Amended and Restated Prepayment Agreement dated May 19, 2021 (Exhibit 10.1 to Form 10-Q filed August 5, 2021)
+Added: 16.1* Letter from Crowe LLP addressed to the Securities and Exchange Commission (Exhibit 16.1 to Form 8-K Filed March 5, 2020) LLP addressed to the Securities and Exchange Commission (Exhibit 16.1 to Form 8-K Filed March 5, 2020)
21.1 Subsidiaries of Globalstar, Inc.
17 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.