Viasat replaces stockholder agreements with major holders; director Andrew Sukawaty resigns
On May 21, 2025, Viasat signed new stockholder agreements with four major shareholders, replacing the former agreement, which it terminated. The former agreement gave the former sellers the right to appoint up to two directors, a right that no longer applies; director Andrew Sukawaty also resigned from the board and its committees the same day. The filing does not state the financial terms of these changes, but they alter board representation and shareholder voting commitments.
Key points
- New Stockholder Agreements dated May 21, 2025 with WP Triton, Apax, CPP Investment Board and Ontario Teachers' Pension Plan, which replace the Former Stockholders Agreement.
- Under the new agreements, holders with at least 3% (WP) or 1% (Apax, CPP, OTPP) ownership agree to vote in line with board recommendations, subject to exceptions for significant corporate transactions.
- Former sellers lose the right to appoint up to two directors to the board, which the former agreement provided based on their holdings.
- Andrew Sukawaty resigned from the board and all committees effective immediately on May 21, 2025, and said the decision was not due to any disagreement with Viasat.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.