Form type: PRE 14A
Filing date: 2025-04-14
Report date: 2024-12-31
Accepted: 2025-04-14 20:47 UTC
Day change: +0.04% (2025-04-15)
Description: N/A
Document: formpre14a.htm
Format: html (XBRL)
Size: 898.8 KB
Download status: downloaded
0001641172-25-004586 — Filed 2025-04-14
Form type: PRE 14A
Filing date: 2025-04-14
Report date: 2024-12-31
Accepted: 2025-04-14 20:47 UTC
Day change: +0.04% (2025-04-15)
Description: N/A
Document: formpre14a.htm
Format: html (XBRL)
Size: 898.8 KB
Download status: downloaded
AST SpaceMobile held its board election where founder and CEO Abel Avellan controls approximately 88% of voting power through Class C shares, allowing him to nominate seven of the eleven directors while major investors like AT&T, Vodafone, American Tower, and Rakuten Mobile each nominate one director. The company is amending its charter to permit stockholder written consent for director removal to comply with Delaware law after eliminating a problematic minority removal provision in its shareholder agreement, which the board believes will reduce costs of holding special stockholder meetings. Independent directors received annual cash retainers ranging from $50,000 to $82,500 plus approximately $150,000 in restricted stock units, while the company's named executive officers include newly promoted President Scott Wisniewski and recently hired Chief Financial Officer Andrew Johnson alongside long-serving executives.