-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Tds6O25k2DTYT2bHm3/dXUAVgCFWxHZgjyDi5z4xPZFUZoDlV1TiA+UbVh4/3ark CCQJgyUcaVRGrDPmttB9lg== 0000909518-09-000786.txt : 20091113 0000909518-09-000786.hdr.sgml : 20091113 20091112175222 ACCESSION NUMBER: 0000909518-09-000786 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091111 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091113 DATE AS OF CHANGE: 20091112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NextWave Wireless Inc. CENTRAL INDEX KEY: 0001374993 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 205361360 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33226 FILM NUMBER: 091178442 BUSINESS ADDRESS: STREET 1: 12670 HIGH BLUFF DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 858 480-3100 MAIL ADDRESS: STREET 1: 12670 HIGH BLUFF DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92130 8-K 1 mm11-1209_8k.htm

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): November 11, 2009

 

NEXTWAVE WIRELESS INC.

(Exact name of registrant as specified in its charter)

 

Delaware

000-51958

20-5361360

(State or other jurisdiction of incorporation)

(Commission file number)

(I.R.S. employer identification no.)

 

 

 

 

 

 

 

 

 

13050 Science Center Drive, Suite 210

San Diego, California 92121

(Address of principal executive offices) (Zip code)

 

Registrant’s telephone number, including area code:(858) 480-3100

 

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(d)

Election of New Director.

On November 11, 2009, the Board of Directors (the “Board”) of NextWave Wireless Inc. (the “Company”) elected Carl Vogel to the Board to fill an existing vacancy. Mr. Vogel will serve as a Class II Director with a term expiring at the Company’s 2011 Annual Meeting of Stockholders. A copy of the Company’s press release announcing the appointment of Mr. Vogel is attached hereto as Exhibit 99.1.

Mr. Vogel was nominated by Avenue Capital Management II, L.P. (“Avenue Capital”) pursuant to the director designation agreement entered into by the Company and Avenue Capital in connection with the Company’s Second Lien Notes financing in October 2008. Affiliates of Avenue Capital hold interests in the Company’s secured notes and Robert Symington, a Senior Portfolio Manager at Avenue Capital, is a member of the Board. Mr. Vogel is not affiliated with Avenue Capital and will not receive any compensation from Avenue Capital in connection with his service on the Board.

Mr. Vogel will receive the Company’s standard independent director compensation package consisting of $2,000 for each Board meeting attended in person, $1,000 for each telephonic Board meeting attended, and an annual retainer of $40,000 (which will be prorated for 2009). In addition, the Board granted to Mr. Vogel an option to purchase an aggregate of 2.5 million shares of the Company’s common stock pursuant to the Company’s 2005 Stock Incentive Plan. The option has an exercise price of $0.59 per share and will vest in 24 equal monthly installments.

It has not yet been determined whether Mr. Vogel will serve on any of the independent Committees of the Board. The Company will amend this Current Report on Form 8-K to disclose such information when it becomes available.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated November 12, 2009 titled “Carl Vogel Joins NextWave Wireless Board as Independent Director”.

 

 

 

 

SIGNATURE

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.

 

Date: November 12, 2009

 

NEXTWAVE WIRELESS INC.

 

 

 

 

 

By:

/s/ Frank A. Cassou 

 

 

Frank A. Cassou

Executive Vice President and Chief Legal Counsel

 

 

 

 

 

 

 

 

 

3

 

EXHIBIT INDEX

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated November 12, 2009 titled “Carl Vogel Joins NextWave Wireless Board as Independent Director”.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 EX-99 2 mm11-1209_8ke991.htm

Exhibit 99.1

News

Carl Vogel Joins NextWave Wireless Board as Independent Director

SAN DIEGO – Nov. 12, 2009 – NextWave Wireless Inc. (NASDAQ: WAVE) today announced that its Board of Directors has elected Carl Vogel, a prominent communications industry executive, to fill an existing vacancy on the Board. Mr. Vogel will serve as a Class II director with a term expiring at the Company’s 2011 Annual Meeting of Stockholders.

“Carl is truly one of the leaders in the media and communications industry. We are very excited about his decision to join the NextWave Board”, said Allen Salmasi, Chairman of the Board of Directors of NextWave Wireless Inc.

Mr. Vogel is currently a member of the Board of Directors and a Senior Advisor to Dish Network Corporation, a publicly traded company in the multi-channel video business serving in excess of 13 million customers throughout the United States. He is also a partner at SCP Worldwide, a sports, media and entertainment company that owns and operates a variety of companies including the National Hockey League’s St. Louis Blues and Major League Soccer’s Real Salt Lake. Mr. Vogel served as President of Dish Network from September 2006 to February of 2008 and served as Vice Chairman from June 2005 until March 2009. From 2001 until 2005, Mr. Vogel served as the President and CEO of Charter Communications Inc., a publicly-traded company providing cable television and broadband services to approximately six million customers. Between 1997 and 2001, Mr. Vogel held various senior executive positions in companies affiliated with Liberty Media Corporation. Mr. Vogel is also currently serving on the Board of Directors and Audit Committees of Shaw Communications, Inc., a publicly traded diversified communications company providing broadband cable and direct-to-home satellite services in Canada and Universal Electronics Inc. a publicly traded company providing wireless control technology for the connected home.

“With Carl’s background and experience in media content distribution and spectrum-based networks, we believe that he will make significant contributions to the management and oversight of our PacketVideo multimedia business, as well as our spectrum management activities,” added Jim Brailean, President and CEO of NextWave Wireless Inc.

Mr. Vogel was nominated by Avenue Capital Management II, L.P. (“Avenue Capital”) pursuant to the director designation agreement entered into by the Company and Avenue Capital in connection with the Company’s Second Lien Notes financing in October 2008. Affiliates of Avenue Capital hold interests in the Company’s secured notes and Robert Symington, a Senior Portfolio Manager at Avenue Capital, is a member of the Board. Mr. Vogel is not affiliated with Avenue Capital and will not receive any compensation from Avenue Capital in connection with his service on the Board of Directors. Mr. Vogel will receive the Company’s standard independent director fees and a grant of a fair market value option to purchase 2.5 million shares of the Company’s common stock, subject to vesting requirements.

 

 

About NextWaveWireless

 

NextWave Wireless Inc. is a wireless technology company that develops, produces and markets mobile multimedia and consumer electronic connectivity products including device-embedded software for mobile handsets, client-server media platforms, media sharing software for consumer electronics and pocket-sized mobile broadcast receivers. The company also manages and maintains worldwide wireless spectrum licenses.

 

CONTACT

 

NextWaveWireless Investor Relations

Fran Harding

Investor Relations

NextWave Wireless

(858) 731-5642

fharding@nextwave.com

 

 

 
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