UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | August 5, 2014 |
Loral Space & Communications Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-14180 | 87-0748324 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
888 Seventh Avenue, New York, New York | 10106 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | (212) 697-1105 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On August 4, 2014, the Board of Directors of Loral Space & Communications Inc. ("Loral" or the "Company") received a letter from a Loral shareholder, Highland Capital Management, L.P. ("Highland").
On August 5, 2014, Loral responded to Highland’s letter, a copy of which is filed as Exhibit 99.1 to this report and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
99.1 Letter from Loral Space & Communications Inc. dated August 5, 2014 to Highland Capital Management, L.P.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Loral Space & Communications Inc. | ||||
August 5, 2014 | By: |
Avi Katz
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Name: Avi Katz | ||||
Title: President, General Counsel and Secretary |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Letter from Loral Space & Communications Inc. dated August 5, 2014 to Highland Capital Management, L.P. |
LORAL SPACE & COMMUNICATIONS INC.
888 Seventh Avenue
New York, NY 10106
August 5, 2014
Highland Capital Management, L.P.
300 Crescent Court, Suite 700
Dallas, Texas 75201
Attention: Mr. James Dondero
Re: Your Letter of August 4, 2014
Dear Mr. Dondero:
We confirm receipt of your letter dated August 4, 2014 which has been distributed to the entire Loral Board of Directors (the Board). The Board has reviewed your letter and asked me to respond.
The Board is being advised by independent counsel and financial advisors and is well aware of its fiduciary duties to all of Lorals stockholders, including the need, where appropriate, for a committee of independent directors. You can rest assured that all stockholders of Loral will receive the same per share consideration from the current process, if consummated.
The Board has generated substantial value for all of Lorals stockholders to date (including an over 50% pre-tax internal rate of return over the last five years) and will continue to work to maximize stockholder value in the future.
Sincerely,
LORAL SPACE & COMMUNICATIONS INC.
By:/s/ Avi Katz Name:Avi Katz Title:President |
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cc: | Maurice M. Lefkort, Esq., Willkie Farr & Gallagher LLP |