As filed with the Securities and Exchange Commission on January 2, 2024.
Registration No. 333-_________
UNITED STATES WASHINGTON, D.C. 20549 | |
FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | |
EchoStar Corporation (Exact name of registrant as specified in its charter) | |
| Nevada (State or other jurisdiction of incorporation or organization) | 26-1232727 (I.R.S. Employer Identification Number) |
100 Inverness Terrace East Englewood, Colorado | 80112 (Zip Code) |
DISH Network Corporation 2019 Stock Incentive Plan Amended and Restated DISH Network Corporation 2001 Nonemployee Director Stock Option Plan (Full title of the plan(s)) | |
Dean A. Manson Chief Legal Officer and Secretary EchoStar Corporation Englewood, Colorado 80112 (Name and address of agent for service)
(303) 723-1000 (Telephone number, including area code, of agent for service) | |
Copies to:
Michelle B. Rutta
| |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. | |
| Large accelerated filer | x | Accelerated filer | ¨ |
| Non-accelerated filer | ¨ | Smaller reporting company | ¨ |
| Emerging growth company | ¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
EXPLANATORY NOTE
On December 31, 2023, pursuant to the terms of the Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 2, 2023, by and among DISH Network Corporation, a Nevada corporation (“DISH Network”), EchoStar Corporation, a Nevada corporation (“EchoStar” or the “Registrant”), and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of EchoStar (“Merger Sub”), Merger Sub merged with and into DISH Network with DISH Network surviving the merger as a wholly owned subsidiary of EchoStar (the “Merger”).
At the effective time of the Merger, each outstanding DISH Option and DISH RSU Award (collectively, the “DISH Awards”) was converted into a corresponding EchoStar award with a right to receive a certain number of shares of EchoStar Class A common stock, par value $0.001 per share (“EchoStar Class A Common Stock”), in accordance with the terms of the Merger Agreement. In addition, in connection with the Merger, EchoStar assumed the share reserve under each of the DISH Network Corporation 2019 Stock Incentive Plan and the Amended and Restated DISH Network Corporation 2001 Nonemployee Director Stock Option Plan (collectively, the “DISH Plans”) to employees and directors who were employed by, or provided services to, DISH Network immediately prior to the effective time of the Merger.
This Registration Statement on Form S-8 (this “Registration Statement”) is being filed by the Registrant in connection with the registration of EchoStar Class A Common Stock issuable pursuant to awards that in the future may be granted under the DISH Plans.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in this Part I will be sent or given by the Registrant to employees, officers, directors, or others as specified by Rule 428(b)(i) under the Securities Act of 1933, as amended (the “Securities Act”). In accordance with the rules and regulations of the Securities and Exchange Commission (the “Commission”) and the instructions to Form S-8, such documents are not being filed with the Commission, either as part of the Registration Statement or as prospectuses or prospectus supplement pursuant to Rule 424.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents, which have heretofore been filed by the Registrant with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated by reference into this Registration Statement:
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Registration Statement on Form S-8 and prior to such time as the Registrant files a post-effective amendment to this Registration Statement on Form S-8, if any, that indicates that all securities offered hereby have been sold, or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing such documents.
Any statement contained herein or in a document all or a portion of which is incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Notwithstanding the foregoing, no information is incorporated by reference in this Registration Statement where such information under applicable forms and regulations of the Commission is not deemed to be “filed” under Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, unless the report or filing containing such information indicates that the information therein is to be considered “filed” under the Exchange Act or is to be incorporated by reference in this Registration Statement.
Item 6. Indemnification of Directors and Officers
Chapter 78.7502(1) of the Nevada Revised Statutes (“NRS”) allows EchoStar to indemnify any person made or threatened to be made a party to any action (except an action by or in the right of EchoStar, a “derivative action”), by reason of the fact that they are or were a director, officer, employee or agent of EchoStar, or are or were serving at the request of EchoStar as a director, officer, employee or agent of another corporation, against expenses including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with the action, suit or proceeding if they acted in a good faith manner which they reasonably believed to be in or not opposed to the best interests of EchoStar, and, with respect to any criminal proceeding, had no reasonable cause to believe that their conduct was unlawful. Under NRS chapter 78.7502(2), a similar standard of care applies to derivative actions, except that indemnification is limited solely to expenses (including attorneys’ fees) incurred in connection with the defense or settlement of the action and court approval of the indemnification is required where the person is seeking advance payment of indemnifiable expenses prior to final disposition of the proceeding in question. Under NRS chapter 78.7502(3), decisions as to the payment of indemnification are made by a majority of the Board of Directors at a meeting at which a quorum of disinterested directors is present, or by written opinion of special legal counsel if a majority vote of a quorum consisting of disinterested directors so orders or if such a quorum cannot be obtained, or by the stockholders.
Provisions relating to liability and indemnification of officers and directors of EchoStar for acts by such officers and directors are contained in Article IX of the Articles of Incorporation of EchoStar as amended on January 25, 2008 and May 4, 2016, Exhibits 4.1 through 4.3 hereto, and Article IX of EchoStar’s Bylaws, Exhibits 4.4 and 4.5 hereto, which are incorporated by reference. These provisions state, among other things, that, consistent with and to the extent permitted by the NRS and upon the decision of a disinterested majority of EchoStar’s Board of Directors, or a written opinion of outside legal counsel in case a disinterested majority vote of the Board of Directors is not available (or even if a quorum of disinterested directors is obtainable, if such a quorum so directs), or EchoStar’s stockholders, that the applicable standard of conduct has been satisfied: (1) EchoStar shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative and whether formal or informal (other than an action by or in the right of EchoStar) by reason of the fact that they are or were a director, officer, employee, fiduciary or agent of EchoStar, or are or were serving at the request of EchoStar as a director, officer, employee, fiduciary or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of EchoStar, and with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful; and (2) EchoStar shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of EchoStar to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee, fiduciary or agent of EchoStar, or is or was serving at the request of EchoStar as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if they acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of EchoStar and except that no indemnification shall be made in respect to any claim, issue or matter as to which such person shall have adjudged to be liable for negligence or misconduct in the performance of their duty to EchoStar unless and only to the extent that the court in which such action or suit was brought shall determine upon application that despite the adjudication of liability but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which such court shall deem proper.
Item 8. Exhibits
*Incorporated by reference.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Englewood, Colorado on this 2nd day of January, 2024.
| ECHOSTAR CORPORATION | ||
| By | /s/ Dean A. Manson | |
| Name: | Dean A. Manson | |
| Title: | Chief Legal Officer and Secretary | |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Dean A. Manson, as his or her true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for such person and in his or her name, place and stead, in any and all capacities, to sign this Registration Statement, and amendments to this Registration Statement (including pre effective amendments and post effective amendments, and to file the same with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
| Signature | Title | Date | ||
| /s/ Hamid Akhavan | President and Chief Executive Officer and Director (Principal Executive Officer) | January 2, 2024 | ||
| Hamid Akhavan | ||||
| /s/ Paul W. Orban | Executive Vice President and Chief Financial Officer, DISH (Principal Financial Officer and Principal Accounting Officer) | January 2, 2024 | ||
| Paul W. Orban | ||||
| /s/ Charles W. Ergen | Chairman | January 2, 2024 | ||
| Charles W. Ergen | ||||
| /s/ Cantey M. Ergen | Director | January 2, 2024 | ||
| Cantey M. Ergen | ||||
| /s/ Kathleen Q. Abernathy | Director | January 2, 2024, | ||
| Kathleen Q. Abernathy | ||||
| /s/ George R. Brokaw | Director | January 2, 2024 | ||
| George R. Brokaw | ||||
| /s/ Stephen J. Bye | Director | January 2, 2024 | ||
| Stephen J. Bye | ||||
| /s/ James DeFranco | Director | January 2, 2024 | ||
| James DeFranco | ||||
| /s/ R. Stanton Dodge | Director | January 2, 2024 | ||
| R. Stanton Dodge | ||||
| /s/ Lisa W. Hershman | Director | January 2, 2024 | ||
| Lisa W. Hershman | ||||
| /s/ Tom A. Ortolf | Director | January 2, 2024 | ||
| Tom A. Ortolf | ||||
| /s/ William D. Wade | Director | January 2, 2024 | ||
| William D. Wade |
