-----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, NKgj3WjFsqniQFhzc7lme3cGfJLN7SjG0b4nOUAuR9SFqV3Vs6+nBg5pWohrVNUa 0OoaJ2x+fcwoPVVEX4Qf9w== 0000950123-98-005753.txt : 19980610 0000950123-98-005753.hdr.sgml : 19980610 ACCESSION NUMBER: 0000950123-98-005753 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980609 ITEM INFORMATION: FILED AS OF DATE: 19980609 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBALSTAR TELECOMMUNICATIONS LTD CENTRAL INDEX KEY: 0000933401 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 133795510 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25456 FILM NUMBER: 98644216 BUSINESS ADDRESS: STREET 1: CEDAR HOUSE 41 CEDAR AVENUE STREET 2: HAMILTON CITY: BERMUDA STATE: D0 BUSINESS PHONE: 2126971105 MAIL ADDRESS: STREET 1: 600 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 8-K 1 GLOBALSTAR TELECOMMUNICATIONS LIMITED 1 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): June 9, 1998 GLOBALSTAR TELECOMMUNICATIONS LIMITED (Exact name of registrant as specified in its charter) Islands of Bermuda 0-25456 13-3795510 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (441) 295-2244 GLOBALSTAR, L.P. (Exact name of registrant as specified in its charter) Delaware 333-25461 13-3759824 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) 3200 Zanker Road, P.O. Box 640670, San Jose CA 95164 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (408) 473-5550 2 Item 5. Other Events. Globalstar launched its first four satellites on February 14, 1998 and its second group of four satellites on April 24, 1998. The first four Globalstar satellites have reached their final orbital positions and are currently being used to test basic system functionality. The second four Globalstar satellites will soon reach their final orbital positions, where they will be used to test, among other things, the system's inter-satellite hand-off capabilities. Globalstar has an additional 18 completed satellites on hand, 12 of which are to be launched on a Ukrainian Zenit launch vehicle. Production is proceeding for the remaining satellites to meet scheduled launch dates. Mission operations preparations, launch vehicle production and dispenser development are on schedule, and all U.S. export licenses necessary for foreign launches have been obtained. The most recent Zenit launch (which did not involve any Globalstar satellites) ended in failure. The next scheduled Zenit launch (of a Russian military spacecraft), originally scheduled for May 1998, has been rescheduled to July 1998, when another Zenit launch of a Russian payload is also scheduled. Globalstar's initial launch on this vehicle has consequently been rescheduled for August 1998, following the two scheduled Russian launches but Globalstar does not believe that this rescheduling will delay the Globalstar in-service date. A Zenit launch failure could substantially delay Globalstar's launch program. A launch incident that destroys or substantially damages the Zenit launch pad (which is the only pad from which this rocket can be launched) would result in further delays in Zenit availability. In the event of any Zenit failure, Globalstar would be entitled to a free launch on Zenit, but if it elected to forego this right and launch on another rocket, it would incur substantial additional expense. 3 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. Date: June 9, 1998 GLOBALSTAR TELECOMMUNICATIONS LIMITED ------------------------------------- (Registrant) By: /s/ Eric J. Zahler --------------------------------- Eric J. Zahler Vice President and Secretary GLOBALSTAR, L.P. ---------------- (Registrant) By: Loral/Qualcomm Satellite Services, L.P. By: Loral/Qualcomm Partnership, L.P. By: Loral General Partner, Inc. By: /s/ Eric J. Zahler --------------------------------- Eric J. Zahler Vice President and Secretary -----END PRIVACY-ENHANCED MESSAGE-----