Globalstar 8-K 2012
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Item 1.01 Entry into a Material Definitive Agreement.
In its decision, which was issued after close of business on May 10, 2012, the arbitration tribunal in the proceeding between Globalstar, Inc. and Thales Alenia Space France determined that, absent further agreement between the parties, Thales has no further obligation to manufacture or deliver satellites under Phase 3 of the 2009 satellite construction contract.
Item 8.01 Other Events.
On May 16, 2012, Globalstar issued a press release regarding the decision in the arbitration with Thales Alenia Space France.
Exhibit 99.1 attached hereto is hereby incorporated by reference into Items 1.01 and 8.01 of this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
99.1 Press release dated May 16, 2012