UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 2021 (
(Exact name of registrant as specified in its charter)
(Commission File Number)
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(Address of principal executive offices) | (Zip code) |
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Securities registered pursuant to Section 12(b) of the Act:
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(Exact name of registrant as specified in its charter)
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Securities registered pursuant to Section 12(b) of the Act: None
Check the appropriate box below if the Form
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| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
Exercise of SNR Put Right
On November 15, 2021, DISH Network Corporation (“DISH”) through its wholly-owned subsidiary American AWS-3 Wireless III L.L.C. (“American III”) received notice that SNR Wireless Management, LLC (“SNR Management”) is exercising the SNR Put Right effective as of the same date. The value of the SNR Put Right has accrued to approximately $300 million as of November 15, 2021. The consummation of the sale (which will be paid using funds provided by DISH) is subject to approval by the Federal Communications Commission.
For further information regarding the SNR Put Right, please see DISH’s public filings, including disclosure under the caption “Redeemable Noncontrolling Interests” in DISH’s Form 10-Q for the period ended September 30, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
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DISH NETWORK CORPORATION DISH DBS CORPORATION
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Date: November 19, 2021 | By: | /s/ Timothy A. Messner | |
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| Timothy A. Messner Executive Vice President and General Counsel | |
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