Management ChangeMay 7, 2026, 08:18 AM
Viasat Appoints Shekar Ayyar, Jinhy Yoon to Board; Enters Cooperation Agreement
AI Summary
Viasat, Inc. announced the appointment of Shekar Ayyar and Jinhy Yoon as independent directors to its Board, effective May 6, 2026. These appointments expand the Board to 10 members, with 8 being independent. The company also entered into a Cooperation Agreement with Carronade Capital Management, LP, which holds approximately 3.8% of Viasat's shares. Both new directors will serve on the Strategic Review Committee, a move supported by Carronade Capital to unlock shareholder value.
Key Highlights
- Viasat appointed Shekar Ayyar as an independent Class II director, term expiring 2028.
- Jinhy Yoon was appointed as an independent Class I director, term expiring 2027.
- The Board now consists of 10 members, with 8 independent directors.
- Viasat entered a Cooperation Agreement with Carronade Capital Management, LP.
- Both new directors were appointed to the Board's Strategic Review Committee.
- Carronade Capital and its Investor Group beneficially own approximately 3.8% of Viasat's Common Shares.
- The Cooperation Agreement includes customary standstill, voting, and non-disparagement provisions.