Oct 2, 7:55 AM ET
EchoStar disclosed that its DISH DBS filing entities emerged from Chapter 11 bankruptcy on the Effective Date under a prepackaged plan and restructuring support agreement. The company said the entities will be reconsolidated into its financial statements as of that date, after they were deconsolidated effective June 30, 2026. The filing also covers supplemental indentures to three DISH DBS note indentures, with full copies to be filed with the next Form 10-Q.
- DISH DBS entities entered supplemental indentures on October 1, 2026 covering 5.25% and 5.75% senior secured notes, 7.375% senior notes due 2028, and 5.125% senior notes due 2029.
- DISH DBS filing entities were deconsolidated effective June 30, 2026, and will be reconsolidated as of the Effective Date.
- Financial statements of DISH DBS will be filed by amendment no later than 71 calendar days after the 8-K due date.
Read the filing on SEC.gov ↗
Aug 3, 6:18 AM ET
Hughes Satellite Systems Corporation and 11 of its subsidiaries filed voluntary Chapter 11 petitions on August 2, 2026, in the U.S. Bankruptcy Court for the District of Texas. The filing triggered automatic acceleration of HSSC's 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026, and the company said it expects to continue operations during the case. The filing says EchoStar's other operations are not part of the Chapter 11 cases, but shareholders face a highly speculative trading environment for these securities.
- Petition date August 2, 2026; case captioned In re Hughes Satellite Systems Corporation, Case No. 26-90739.
- Debt acceleration on HSSC's 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026 after the default.
- Robert Del Genio named Chief Restructuring Officer on July 28, 2026; director and officer Paul Gaske resigned July 28, 2026.
- Press release says EchoStar, its non-Hughes subsidiaries and Hughes' international subsidiaries are not in the filing, including DISH TV, Sling TV and Boost Mobile.
Read the filing on SEC.gov ↗
Jul 28, 4:14 PM ET
EchoStar and other seller parties closed the sale of their 3.45 GHz and 600 MHz spectrum licenses to an AT&T subsidiary on July 28, 2026, receiving $20.25 billion in proceeds. Proceeds also funded a $2.4 billion FCC-mandated trust for claims tied to the sold network, and related DISH debt was repaid in full.
- Seller received $20.25 billion in proceeds; an additional $2.4 billion was deposited by the buyer into the FCC Trust.
- All amounts under a DISH DBS-to-DISH Network loan agreement were satisfied in full at closing.
- About $3.686 billion of 11 3/4% Senior Secured Notes due 2027 was redeemed in full at closing.
- DISH DBS repaid $2 billion of 7.75% Senior Notes due July 1, 2026, with accrued interest, under bankruptcy court authorization.
Read the filing on SEC.gov ↗
Jul 7, 9:01 AM ET
EchoStar and Hughes Satellite Systems disclosed that Hamid Akhavan, CEO of EchoStar Capital and President and CEO of Hughes, resigned effective immediately on July 6, 2026, following discussions with the board about a change in strategic direction. Charles W. Ergen will take over his responsibilities as Principal Executive Officer of Hughes, and EchoStar Capital will be folded into Corporate Development led by Thomas A. Cullen.
- Hamid Akhavan resigned July 6, 2026 from all positions with EchoStar and Hughes, including his board seats, citing a change of strategic direction discussed with the board.
- Akhavan will consult with the company through December 31, 2026 to ensure an orderly transition.
- Charles W. Ergen takes over as Principal Executive Officer of Hughes; the filing refers to EchoStar's other filings for his compensation and related-party transactions.
- Akhavan's option vesting is accelerated from December 31, 2026 to July 6, 2026; EchoStar Capital merges into Corporate Development under Thomas A. Cullen.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.