Loral Space & Communications

LMU Names Rosemarie Rae as Executive Vice President and Chief Operating Officer

Retrieved on: 
Tuesday, April 11, 2023
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LOS ANGELES, April 11, 2023 /PRNewswire/ -- Rosemarie Rae, an accomplished higher education administrator and finance executive, will be Loyola Marymount University's next executive vice president and chief operating officer, the university announced today.

Key Points: 
  • LOS ANGELES, April 11, 2023 /PRNewswire/ -- Rosemarie Rae, an accomplished higher education administrator and finance executive, will be Loyola Marymount University's next executive vice president and chief operating officer, the university announced today.
  • Executive Vice President Rae brings to LMU nearly 40 years of experience in financial administration and higher education.
  • She is concluding her current post as the vice chancellor for finance and chief financial officer at UC Berkeley, where she has worked since 2014.
  • She completed Stanford University's Executive Program for Philanthropy Leaders and the University of Notre Dame's Executive Development Program.

Bon Natural Life Limited Announces Change to Board Composition

Retrieved on: 
Thursday, June 30, 2022
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XIAN, China, June 30, 2022 /PRNewswire/ -- Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, today announced the appointment of Jeffrey Guzy, as a new independent Director to its Board of Directors and as Chair of the Audit Committee, both effective June 28, 2022.

Key Points: 
  • XIAN, China, June 30, 2022 /PRNewswire/ -- Bon Natural Life Limited (Nasdaq: BON) ("BON" or the "Company"), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, today announced the appointment of Jeffrey Guzy, as a new independent Director to its Board of Directors and as Chair of the Audit Committee, both effective June 28, 2022.
  • Mr. Jeffrey Guzy has had key executive positions at several large international companies, including Loral Space, Sprint International, Verizon and IBM.
  • Mr. Guzy is a private investor and advisor to Aprize Satellite and to several other hi-tech companies.
  • At the same time, we are excited to welcome Jeffrey as a new independent director to BON's Board.

Sumo Logic Appoints John D. Harkey, Jr. to Board of Directors

Retrieved on: 
Tuesday, May 3, 2022
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With this addition, the Sumo Logic Board will consist of ten directors, eight of whom are independent.

Key Points: 
  • With this addition, the Sumo Logic Board will consist of ten directors, eight of whom are independent.
  • Additionally, Sumo Logic has agreed with Scalar Gauge to collaborate on an ongoing process aimed at identifying and appointing an additional director.
  • We are looking forward to working with John, said Ramin Sayar, President and CEO of Sumo Logic.
  • Sumo Logic has strong momentum with accelerating revenue growth backed by a refreshed and best in class go-to-market strategy.

SpaceLink Appoints VP of Marketing and Communications

Retrieved on: 
Tuesday, January 11, 2022
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MCLEAN, Va., Jan. 11, 2022 /PRNewswire/ -- SpaceLink , the company building the Communications Superhighway for the Space Economy, announced Wendy Newman has joined as vice president of marketing and communications.

Key Points: 
  • MCLEAN, Va., Jan. 11, 2022 /PRNewswire/ -- SpaceLink , the company building the Communications Superhighway for the Space Economy, announced Wendy Newman has joined as vice president of marketing and communications.
  • Wendy is a marketing and communications professional with 15 years of experience in satellites and space.
  • Before joining SpaceLink she provided marketing and communications services to SpaceLink and other technology companies as the principal of Strategic Voice, a PR firm she founded in 2019.
  • She also directed corporate communications and investor relations for Loral Space & Communications.

MHR Fund Management Reports Ownership Interest in Telesat

Retrieved on: 
Tuesday, November 23, 2021
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NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- MHR Fund Management LLC (“MHR”) announced today that it has acquired control over 18,035,092 Class B units (“Class B Units”) of Telesat Partnership LP (the “Partnership”) in exchange for the 18,035,092 shares of Loral Space & Communications Inc. (“Loral”) common stock over which it previously exercised control. In addition, Mark H. Rachesky, M.D., the founder and President of MHR, acquired ownership of 15,000 Class B Units and 46,136 Class B variable voting shares (“Class B Shares”) of Telesat Corporation (the “Company”) in exchange for securities of Loral previously held by him.

Key Points: 
  • NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- MHR Fund Management LLC (MHR) announced today that it has acquired control over 18,035,092 Class B units (Class B Units) of Telesat Partnership LP (the Partnership) in exchange for the 18,035,092 shares of Loral Space & Communications Inc. (Loral) common stock over which it previously exercised control.
  • In addition, Mark H. Rachesky, M.D., the founder and President of MHR, acquired ownership of 15,000 Class B Units and 46,136 Class B variable voting shares (Class B Shares) of Telesat Corporation (the Company) in exchange for securities of Loral previously held by him.
  • Prior to the closing of the Transaction, neither MHR nor Dr. Rachesky owned any securities of the Company or the Partnership.
  • The head office of each of the Company and the Partnership is located at 160 Elgin Street, Ottawa, Ontario K2P 2P7, Canada.

Telesat Becomes a Public Company, Marking A Significant Milestone in Support of its Compelling Growth Strategy

Retrieved on: 
Friday, November 19, 2021
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Telesat Canada and Loral have become subsidiaries of Telesat Corporation, the Canadian controlled and incorporated public holding company formed in connection with the Transaction.

Key Points: 
  • Telesat Canada and Loral have become subsidiaries of Telesat Corporation, the Canadian controlled and incorporated public holding company formed in connection with the Transaction.
  • Telesat Corporation will continue to be led by Telesats President and Chief Executive Officer Dan Goldberg.
  • Todays announcement marks a major milestone for Telesat, driving forward our plans for growth, innovation and increased value for our customers, partners, employees and shareholders, said Goldberg.
  • PSP Investments and other shareholders of Telesat Canada have also exchanged their shares or equity awards into shares or equity awards of Telesat Corporation or units of Telesat Partnership.

Closing of Integration Transaction to Combine Loral with Telesat Currently Expected November 18, 2021 and November 19, 2021

Retrieved on: 
Tuesday, November 9, 2021
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NEW YORK, Nov. 9, 2021 /PRNewswire/ -- Loral Space & Communications Inc. (NASDAQ:LORL) today announced that the parties to the Transaction Agreement and Plan of Merger, dated November 23, 2020 (the "Transaction Agreement"), currently expect that the two-day closing provided for in the Transaction Agreement will occur on November 18, 2021 and November 19, 2021, subject to the satisfaction or waiver of all the conditions to the closing.

Key Points: 
  • All Election Forms must be received by Computershare Investor Services Inc. by 5:00 p.m., Eastern Time, on November15, 2021.
  • Such Loral stockholders should contact their broker, investment dealer, bank, trust company or other nominee with any questions.
  • There can be no assurance that the closing will occur when currently expected.
  • Telesat is also developing Telesat Lightspeed, a global constellation of low earth orbit satellites.

Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2021

Retrieved on: 
Friday, November 5, 2021
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OTTAWA, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three and nine-month periods ended September 30, 2021.

Key Points: 
  • OTTAWA, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three and nine-month periods ended September 30, 2021.
  • For the quarter ended September 30, 2021, Telesat reported consolidated revenue of $192 million, a decrease of 5% ($10 million) compared to the same period in 2020.
  • The Adjusted EBITDA margin1 for the third quarter was 81.5%, compared to 80.4% in 2020.
  • For the quarter ended September 30, 2021, the net loss was $42 million, compared to net income of $107 million for 2020.

Telesat Third Quarter 2021 Conference Call

Retrieved on: 
Monday, November 1, 2021
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OTTAWA, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Telesat has scheduled a conference call on Friday, November 5, 2021, at 10:30 a.m.

Key Points: 
  • OTTAWA, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Telesat has scheduled a conference call on Friday, November 5, 2021, at 10:30 a.m.
  • ET to discuss its financial results for the three-month and nine-month periods ended September 30, 2021.
  • The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat.
  • In the event of technical issues, please dial *0 and advise the conference call operator of the company name (Telesat) and the name of the moderator (Michael Bolitho).

Telesat Announces Executive Leadership Appointments

Retrieved on: 
Tuesday, October 26, 2021
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OTTAWA, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Telesat, one of the world’s largest and most innovative satellite operators, today announced the appointment of industry leader Glenn Katz as Chief Commercial Officer (CCO). In addition, Tom Eaton, previously Telesat’s Vice President of International Sales, is moving to the role of President of Telesat Government Solutions – a US-incorporated, wholly-owned subsidiary of Telesat.

Key Points: 
  • In addition, Tom Eaton, previously Telesats Vice President of International Sales, is moving to the role of President of Telesat Government Solutions a US-incorporated, wholly-owned subsidiary of Telesat.
  • Were excited to have him join our leadership team as we bring our transformative Telesat Lightspeed Low Earth Orbit (LEO) satellite constellation to market.
  • After seven successful years as Telesats Vice President of International Sales, Tom Eaton is moving to a new leadership role as President of Telesat Government Solutions.
  • Telesat Government Solutions provides U.S. Government users with the most resilient, mission-critical and secure end-to-end communications solutions using Telesats best-in-class satellite solutions, including the planned Telesat Lightspeed.