Every material Form 8-K Viasat filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Viasat's board approved promoting Vice President Camellia E. FitzGerald to Chief Accounting Officer and principal accounting officer, effective January 2, 2026. It replaces Shawn Duffy, who leaves those roles on December 31, 2025 and will stay on as a Special Projects Advisor, a non-executive role.
Board approved the appointment on December 5, 2025; effective date is January 2, 2026
Shawn Duffy ceases as Chief Accounting Officer on December 31, 2025, when her severance agreement term expires
FitzGerald, 48, has been Vice President – Corporate Accounting and Finance at Viasat since 2014 and is a CPA in California
Duffy becomes a Special Projects Advisor from January 1, 2026
Viasat's board appointed Barbara Frenkel as a director on November 17, 2025, bringing the board to eight members, six of them independent. Frenkel previously served on Porsche AG's Executive Board for procurement until August 2025, and the filing describes this as a routine board addition with standard director compensation and indemnification terms.
Appointed as a Class I director on November 17, 2025, with a term expiring at the 2027 annual meeting
Board now has eight members, six of whom are independent
Frenkel, 62, was a member of Porsche AG's Executive Board – Procurement from August 2021 to August 2025
Compensation follows the non-employee director policy; she will also sign the standard indemnification agreement
Viasat reported fiscal second-quarter 2026 results, with revenue of $1.1 billion up 2% from a year earlier and a net loss of $61 million, compared with $138 million a year earlier. The company reiterated most of its fiscal 2026 outlook, including low single-digit revenue growth and flattish Adjusted EBITDA, so shareholders see improved headline results with guidance held steady rather than changed.
Q2 FY2026 revenue was $1.1 billion, up 2% year over year, led by 3% growth in Defense and Advanced Technologies.
Net loss attributable to Viasat was $61 million, versus $138 million in Q2 FY2025.
Adjusted EBITDA was $385 million, up 3% year over year; free cash flow was $69 million.
Fiscal 2026 guidance was kept for low single-digit revenue growth and flattish Adjusted EBITDA; net debt was $5.5 billion at quarter end.
At its annual meeting on September 4, 2025, Viasat stockholders approved amended and restated versions of the 1996 Equity Participation Plan and the Employee Stock Purchase Plan. They also elected Richard Baldridge and Sean Pak as Class II directors and ratified PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending March 31, 2026. The plan changes increase the number of shares that can be issued under those plans, which affects existing holders' potential ownership.
Equity plan share reserve set at 6,410,000 shares, plus shares from prior awards that become available again; the equity plan was approved with 77,530,367 votes for and 21,883,946 against.
Employee Stock Purchase Plan maximum increased by 5,000,000 shares to a total of 16,950,000 shares; approved with 99,252,742 votes for and 294,428 against.
Richard Baldridge received 93,856,135 votes for and 6,121,794 withheld; Sean Pak received 83,544,805 votes for and 16,433,124 withheld.
Stockholders ratified PricewaterhouseCoopers LLP with 117,873,269 votes for and 1,661,026 against.
Viasat announced that James Dodd, Senior Vice President and President of Commercial Services, will retire from that role on or about November 1, 2025. He will remain a non-executive employee through December 31, 2025, when his severance agreement expires, and will then receive the separation benefits under that agreement.
James Dodd is retiring as Senior Vice President and President, Commercial Services, on or about November 1, 2025
Dodd stays on as a non-executive employee through December 31, 2025
Separation benefits are provided under a previously filed severance agreement
Viasat reported first quarter fiscal 2026 results, with revenue up 4% year over year to $1.2 billion and Adjusted EBITDA up 1% to $408 million. The net loss widened to $56 million from $33 million a year earlier, mainly due to higher depreciation and amortization and a higher income tax provision, so shareholders see top-line growth alongside a larger loss.
Q1 FY2026 revenue of $1.2 billion, up 4% year over year, led by a 15% rise in Defense and Advanced Technologies revenue
Net loss of $56 million, compared with $33 million in Q1 FY2025
Adjusted EBITDA of $408 million, up 1%; full-year Adjusted EBITDA outlook of flattish year over year was kept
Capital expenditure guidance for FY2026 cut to approximately $1.2 billion, an improvement of $100 million from prior guidance
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.
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.
Viasat reported fourth quarter and fiscal 2025 results in a shareholder letter filed with the SEC. Quarterly revenue was flat year over year, and the net loss widened to $246 million, including a $169 million ViaSat-3 EMEA ground network write-down, while the full-year net loss improved to $575 million on record revenue of $4.5 billion. The company expects low single-digit revenue growth and flattish Adjusted EBITDA in fiscal 2026.
Q4 FY2025 revenue was $1.1 billion, flat year over year; Q4 net loss was $246 million versus $90 million in Q4 FY2024.
The Q4 loss included a $169 million charge tied to the ViaSat-3 EMEA ground network, of which $104 million was non-cash asset write-downs.
FY2025 revenue was a record $4.5 billion, and the net loss improved to $575 million from the prior year.
For FY2026, the company expects low single-digit revenue growth and flattish Adjusted EBITDA, with capital expenditures of approximately $1.3 billion.
Viasat's board accepted the May 9, 2025 resignation of director James Bridenstine, which the company said did not result from a disagreement, and appointed William LaPlante and Michael Paull as directors the same day. The board now has eight members, six of them independent, and the changes are governance updates rather than a change in operations or finances.
James Bridenstine resigned from the Board on May 9, 2025, with no disagreement with the company cited.
William LaPlante and Michael Paull were appointed as Class III directors on May 9, 2025, with terms expiring at the 2026 annual meeting.
The Board now has eight members, six of whom are independent directors.
Both new directors will receive compensation under the company's non-employee director policy.
Viasat said Executive Vice President and Chief Corporate Officer Kevin Harkenrider will retire from that role on June 30, 2025, or earlier if his employment ends sooner, and the date can be extended by mutual agreement to no later than December 31, 2025. He will then stay on as a non-executive employee through December 31, 2025. The filing does not name a successor or describe a financial effect.
Kevin Harkenrider, EVP and Chief Corporate Officer, to retire from that role on June 30, 2025, or earlier if his employment ends sooner
Retirement date can be extended by mutual agreement, but no later than December 31, 2025
Harkenrider will remain a non-executive employee through December 31, 2025
Filing was signed by Brett Church, Associate General Counsel, on April 28, 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.
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