The company said Timothy Messner resigned from the DISH DBS board on January 8, 2024 and that the resignation was not the result of any disagreement with DISH DBS over its operations, policies or practices. Tom Ortolf, who was appointed to the DISH DBS board the same day, is also a director of EchoStar.

1. 01

   The company said Timothy Messner resigned from the DISH DBS board on January 8, 2024 and that the resignation was not the result of any disagreement with DISH DBS over its operations, policies or practices. Tom Ortolf, who was appointed to the DISH DBS board the same day, is also a director of EchoStar.

2. 02

   The company said Timothy Messner resigned from the DISH DBS board but will continue as an officer of DISH DBS.

3. 03

   The company said DISH Network transferred spectrum licenses including AWS-AWS-4, H-Block, CBRS, 12GHz and LMDS, which are not encumbered by liens, to EchoStar Wireless Holding L.L.C., a direct wholly-owned subsidiary of EchoStar. DISH Network continues to hold 600 MHz, 700 MHz, 3.45 GHz and AWS-3 licenses.

4. 04

   The company said DBS transferred its Tranche A receivable (valued at approximately $4.7 billion) to DBS Intercompany Receivable L.L.C., which then assigned it to an EchoStar subsidiary, so DISH Network payments on Tranche A will now go to that subsidiary. The company said the DBS Subscriber Subsidiary holds approximately 3.0 million DISH TV subscribers immediately after it was unrestricted.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.