Viasat adds two directors, settles with activist Carronade Capital in cooperation pact

Filed May 7, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

• high

  Viasat expanded its board from 8 to 10 members by appointing Shekar Ayyar (Arrcus CEO, ex-VMware) and Jinhy Yoon (former PIMCO exec) as independent directors following engagement with activist investor Carronade Capital.

  Item 5.02 verify on EDGAR →
• high

  Company entered cooperation agreement with Carronade Capital that includes standstill provisions preventing activist campaigns until roughly 30-100 days before the 2027 annual meeting, plus voting commitments and mutual non-disparagement terms.

  Item 1.01 verify on EDGAR →
• medium

  Cooperation agreement terminates early if Viasat announces a major transaction requiring shareholder approval or expands the board beyond 10 directors, suggesting parties contemplated potential strategic alternatives.

  Item 1.01 verify on EDGAR →