8 unchanged sentences
As of December 31, 2022, our management, with the participation of our Principal Executive Officer and Principal Financial Officer, evaluated our internal control over financial reporting.
+Added: During the first quarter of 2022, we implemented a new enterprise resource planning ("ERP") system, which replaced our existing financial systems.
+Added: The implementation and transition to the new ERP system resulted in changes to our reporting processes and our internal control over financial reporting, by automating certain manual procedures and standardizing business processes and reporting across the organization.
+Added: As a result of this implementation, there were anticipated changes to our internal control over financial reporting, none of which adversely affected the Company's internal control over financial reporting.
+Added: We will continue to monitor our internal control over financial reporting under the new system, including evaluating the operating effectiveness of related key controls.
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, 2022 have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
11 unchanged sentences
Other Information
+Added: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Not applicable.
26 unchanged sentences
GLOBALSTAR, INC.
−Removed: February 25, 2022 David B.
+Added: March 1, 2023 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 February 25, 2022.
+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 March 1, 2023.
Signature Title
22 unchanged sentences
(Exhibit 3.1 to Form 8-K filed on April 15, 2019)
+Added: 3.3* Certificate of Designation filed November 15, 2022 (Exhibit 3.1 to Form 8-K filed on November 16, 2022)
4.1* Indenture between Globalstar, Inc.
33 unchanged sentences
10.20*†† 2021 Key Employee Bonus Plan (Exhibit 10.24 to Form 10-K Filed March 4, 2021)
−Removed: 10.21†† 2022 Key Employee Bonus Plan
+Added: 10.21*†† 2022 Key Employee Bonus Plan (Exhibit 10.21 to Form 1 0-K filed February 25, 2022)
10.22* Letter Agreement with David Kagan dated November 27, 2017 (Exhibit 10.55 to Form 10-K filed February 23, 2018)
1 unchanged sentence
10.24*†† Amended and Restated Prepayment Agreement dated May 19, 2021 (Exhibit 10.1 to Form 10-Q filed August 5, 2021)
−Removed: 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)
+Added: 10.25*†† Satellite Procurement Agreement dated February 21, 2022 between Globalstar, Inc.
+Added: and Macdonald, Dettwiler and Associates Corporation (Exhibit 10.1 to Form 10-Q filed May 5, 2022)
+Added: 10.26*†† Conformed Copy of Key Terms Agreement reflecting amendments through September 7, 2022 (Exhibit 10.1 to Form 8-K filed September 7, 2022)
+Added: 10.27*†† Exchange Agreement dated November 15, 2022 (Exhibit 1 0.1 to Form 8-K filed November 16, 2022)
+Added: 10.28*†† Letter Agreement dated November 15, 2022 (Exhibit 10.2 to Form 8-K filed November 16, 2022)
+Added: 10.29†† Forbearance Agreement between Globalstar, Inc.
+Added: and Macdonald, Dettwiler and Associates Corporation dated October 28, 2022
+Added: 10.30†† Second Forbearance Agreement among Globalstar, Inc., Macdonald, Dettwiler and Associates Corporation and Rocket Lab USA, Inc.
+Added: dated January 31, 2023
21.1 Subsidiaries of Globalstar, Inc.
23.1 Consent of Ernst & Young LLP
−Removed: 23.2 Consent of Crowe LLP
24.1 Power of Attorney (included as part of page titled "Signatures")
14 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.