SPEEDCAST INTERNATIONAL LIMITED, et al., Debtors.1 § § § § § § § Chapter 11 Case No. In the interim, Board Directors Peter Shaper and Joe Spytek will act as co-CEOs while continuing at the current positions. Peter Myers. He is currently a Partner of Houston-based private equity firm Genesis Park. Speedcast is set to emerge from Chapter 11 with a new USD $500 million equity investment from Centerbridge. Speedcast will be immediately implementing plans to improve the business. The proposed plan would enable the Company, under the leadership of both Peter Shaper, Speedcast's Chief Executive Officer, and Joe Spytek, Speedcast's President and Chief Commercial Officer, to continue to execute on the transformation plan to refocus the business, which they initiated earlier this year after joining the organisation in executive leadership roles. 3: All term sheets, draft agreements, or other proposals exchanged between or among the Firm, Peter Shaper, Speedcast, and/or Centerbridge concerning the Revised ECA or any other restructuring proposal or alternative. Peter Shaper, Speedcast’s Chief Executive Officer, is returning to the private equity firm he is affiliated with. Given the quality of the FY19 results, the board is currently undertaking an extensive review. Learn about Speedcast's Board of Directors and Executive Committee. Joe Spytek will continue in his role as President and Chief Commercial Officer, continuing to provide senior leadership to the Company. KCC is Speedcast’s claims and noticing agent. Our leadership team members bring expertise and knowledge from across the industry. 27 Sep 2019 - Communication and IT solution provider, Speedcast International (ASX:SDA) has appointed Peter Shaper and Joe Spytek as independent non-executive directors as part of Speedcast… Speedcast International Limited announced on 23 April 2020 that, after evaluating a variety of options to strengthen its balance sheet in ways that support its long-term growth and success, it has initiated a voluntary financial restructuring under chapter 11 of the United States Bankruptcy Code. In conjunction with chapter 11 petitions filed on behalf of … REQUEST NO. Non-Executive Director. Speedcast CEO Peter Shaper has tendered his resignation to the Board and will be returning to the private equity firm he is affiliated with. The Chair of Speedcast International, Stephe Wilks commented “Black Diamond and Centerbridge are the two largest secured creditors of the Company and we are pleased that both have delivered compelling proposals for Speedcast. Speedcast announced its decision to recapitalize its business through voluntary Chapter 11 proceedings on April 23, 2020. 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Speedcast directors Peter Shaper and Joe Spytek will run the company while it searches for a new CEO. View Peter Shaper’s profile on LinkedIn, the world’s largest professional community. Thomas Choi founded Speedcast in 1998 as CEO, and later Pierre-Jean Beylier was hired to lead the sales and marketing activities. Learn more at www.speedcast.com. At the start of this month, Speedcast said chief executive Peter Shaper had resigned and was returning to the private equity firm he was affiliated with, Genesis Park. Peter T. Shaper serves as Chief Executive Officer of the Company. “The decisive actions we announced are about strengthening our financial position through the proven legal framework the Chapter 11 process provides,” said Speedcast chief executive and executive director Peter Shaper. He was Non-Executive Director of AsiaSat until 2018. He has extensive business and Board experience, particularly in the satellite telecommunications sector, having previously been Chairman and CEO of CapRock Communications (a company acquired by Speedcast in 2017) and Chair of ITC Global, also a global satellite services provider. SPEEDCAST INTERNATIONAL LTD: Veröffentlichung des Jahresergebnisses: 2019: SPEEDCAST INTERNATIONAL LTD: publication des résultats annuels: 2018: SPEEDCAST INTERNATIONAL LTD: Veröffentlichung des Halbjahresergebnisses: 2018: SPEEDCAST INTERNATIONAL LTD: publication des résultats semestriels: 2017 Peter Shaper biography. Speedcast International Ltd (ASX: SDA) is the world’s most trusted communications and IT services provider, delivering critical communications solutions to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. Disclaimer More information about Speedcast’s Chapter 11 case can be found at http://www.kccllc.net/speedcast. The company also integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. Joe Spytek will continue in his role as President and Chief Commercial Officer, continuing to provide senior leadership to the Company. The Company is currently evaluating the revised proposals with a view to maximising value for all creditors and certainty of outcome for all stakeholders. by Katrina Bullock Satellite telecommunications service provider Speedcast CEO PJ Beylier has resigned from the company in light of a disappointing preliminary FY19 financial result. REQUEST NO. SpeedCast says that it aims to emerge from chapter 11 during the 2020 calendar year, and “ideally hopes to have it completed within six months.” The bankruptcy filing documents include a list of the company’s 30 largest creditors with unsecured claims, headed by satellite operator Intelsat, which is owed approximately $45 million, and Inmarsat, which is owed approximately $24.8 million. With more satellite capacity than any other provider, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. Through the Centerbridge buyout, Speedcast Chief Executive Peter Shaper and President Joe Spytek would stay as the company’s leadership, Speedcast said. Key personnel. 20-32243 (MI) (Jointly Administered) NOTICE OF CANCELLATION OF TELEPHONIC HEARING [Relates to Docket No. Shaper has tendered his resignation to the Board, and the Board has accepted his resignation. Speedcast International Limited and the Commitment Parties Hereto Dated August 12, 2020. Peter has 16 jobs listed on their profile. Mr Jackson has more than 40 years of experience in the satellite and telecommunications sectors. While the company looks for the next CEO, board directors Peter Shaper and Joe Spytek have agreed to act as co-CEO's. today announced that it has received further recapitalisation proposals for the business from two of its largest lenders, Black Diamond Capital Management and Centerbridge Partners. September 27, 2019 11:45 AM. Speedcast acquired Globecomm for US$135 million in late 2018, ... Until a replacement is found, board directors Peter Shaper and Joe Spytek will act as co-CEO of the company. Stephe Wilks further commented, “The Board is incredibly appreciative of Peter’s efforts in stabilising Speedcast through this challenging period.”. Speedcast has withdrawn a related motion that was due to be heard in the United States Bankruptcy Court for the Southern District of Texas. The Company is currently evaluating the revised proposals with a view to maximising value for all creditors and certainty of outcome for all stakeholders. Mr Peter Edward Jackson. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Satellite telecommunications service provider Speedcast International has announced that it has received further recapitalisation proposals for the business from two of its largest lenders, Black Diamond Capital Management and Centerbridge Partners. Learn more at. “The decisive actions we announced today are about strengthening our financial position through the proven legal framework that the chapter 11 process provides," Peter described. Speedcast CEO and Executive Director Peter Shaper emphasized that this decision was made to strengthen the company’s financial position. Joe Spytek will continue in his role as President and Chief Commercial Officer, continuing to provide senior leadership to the Company. Shaper has tendered his resignation to the Board, and the Board has accepted his resignation. Speedcast has withdrawn a related motion that was due to be heard in the United States Bankruptcy Court for the Southern District of Texas. Peter Shaper, Speedcast’s Chief Executive Officer, is returning to the private equity firm he is affiliated with. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. The board, lead by Stephe Wilkes, said it would be looking at … He later became CEO in July 2004. With more satellite capacity than any other provider, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. In terms of relative price strength - which takes into account the overall market trend - the Speedcast International price has moved by -73.15% over the past year. Peter Shaper Founding partner ... Joe Spytek is the President and Chief Commercial Officer of Speedcast. ABN 31 117 966 328 Chief Financial Officer, Joint Company Secretary. © Speedcast 2020. ... Peter T. Shaper. The proposed plan would enable the Company, under the leadership of both Peter Shaper, Speedcast’s Chief Executive Officer, and Joe Spytek, Speedcast’s President and Chief Commercial Officer, to continue to execute on the transformation plan to refocus the business, which they initiated earlier this year after joining the organization in executive leadership roles. The funding will be used in part to repay all of its USD $285 million debtor-in-possession financing, as well as a permanent reduction of all of the USD $634 million senior secured debt of … SYDNEY — August 31, 2020 — Speedcast International Limited (ASX:SDA) today announced that it has received further recapitalisation proposals for the business from two of its largest lenders, Black Diamond Capital Management and Centerbridge Partners. He has extensive business and Board experience, particularly in the satellite telecommunications sector, having previously been Chairman and CEO of CapRock Communications (a company acquired by Speedcast in 2017) and … Commercial coronavirus SpeedCast The proposed plan would enable the company, under the leadership of both Peter Shaper, Speedcast’s chief executive officer, and Joe Spytek, Speedcast’s president and chief commercial officer, to continue to execute on the transformation plan to refocus the business, which they initiated earlier this year after joining the organisation in executive leadership roles. “We are confident we will be well positioned to maximize the full potential of our expanded platform as a result of the actions we’re taking now to align our balance sheet strength with our clear industry leadership,” Shaper said in a release. That deal, between Speedcast, Centerbridge and creditor Black Diamond Commercial Finance, will in part establish a trust to pursue claims against former Speedcast CEO Peter Shaper. management incentive plans in Speedcast, any successor to Speedcast, or any acquisition entity concerning Speedcast. Speedcast ’s Board of Directors has accepted the resignation of CEO PJ Beylier in light of a disappointing preliminary 2019 Full-Year (FY19) financial result for the remote communication and IT solutions company. Speedcast is advised by Weil, Gotshal & Manges LLP as global legal counsel and Herbert Smith Freehills as co-counsel. Michael Healy of FTI Consulting, Inc. is Speedcast’s Chief Restructuring Officer, and FTI Consulting, Inc. is Speedcast’s financial and operational advisor. Communication and IT solution provider, Speedcast International (ASX:SDA) has appointed Peter Shaper and Joe Spytek as independent non-executive directors as part of Speedcast’s Board renewal process.Peter Shaper is currently a Partner of US private equity firm Genesis Park and holds an MBA from Harvard, and a Bachelor of Industrial Engineering from Stanford University.Joe Spytek has more than 25 years of experience in leadership and international business including serving as the Founder and CEO of ITC Global.He has previously built several successful international telecommunications companies, and holds a Bachelor’s degree in Mechanical Engineering from Vanderbilt University.This comes as Caroline van Scheltinga announces her retirement from the board effective immediately.Shares in Speedcast International (ASX:SDA) are trading 12.2 per cent higher at $1.20. Terms of Use | Privacy Policy, Speedcast International Receives Revised Offers from Black Diamond and Centerbridge. Moelis Australia Advisory Pty Ltd and Moelis & Company LLC are Speedcast’s investment bankers. Speedcast International Limited is an Australia-based satellite services provider. Shaper has tendered his resignation to the Board, and the Board has accepted his resignation. On 23 April 2020, Speedcast filed for Chapter 11 bankruptcy. Peter Shaper, Speedcast’s Chief Executive Officer, is returning to the private equity firm he is affiliated with. 2: All documents and communications exchanged between or among the Firm, Peter Shaper, Speedcast, and/or Centerbridge concerning any management co-investment rights or Case 20-32243 Document 756 Filed in TXSB on 09/25/20 Page 6 of 9 The company also integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. Speedcast International Ltd (ASX: SDA) is the world’s most trusted communications and IT services provider, delivering critical communications solutions to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. Peter Shaper is currently a Partner of Houston-based private equity firm Genesis Park. CEO and Executive Director of Speedcast, Peter Shaper believes this is the right move the company, given the present challenges facing the industry. 1390] PLEASE TAKE NOTICE THAT the telephonic hearing on Peter Shaper’s Oral Motion Shares in Speedcast International are currently trading at A$0.79 and the price has moved by -72.85% over the past 365 days. Board directors Peter Shaper and Joe Spytek will act as interim co-CEOs of the company. All Rights Reserved. Previously, Joe served as the Founder and CEO of ITC Global, a satellite communications business serving energy, mining and maritime customers. 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