EchoStar Updates CEO Hamid Akhavan's Compensation Agreement

Reuters2025-12-30

EchoStar Updates CEO Hamid Akhavan's Compensation Agreement

EchoStar Corporation has entered into a new letter agreement with Chief Executive Officer Hamid Akhavan, effective December 26, 2025. Under the agreement, Mr. Akhavan’s base salary and bonus opportunity remain unchanged. The agreement also stipulates that the final tranche of his December 31, 2023 option award will vest early in the event of a Qualifying Termination. Additionally, any future equity awards granted on or after the effective date will be at the discretion of the Chairman and the Executive Compensation Committee. The agreement is set to expire on December 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EchoStar Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001415404-25-000052), on December 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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