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Viasat Board Refresh With Carronade Review Puts Capital Choices In Focus

Viasat Board Refresh With Carronade Review Puts Capital Choices In Focus

  • Viasat appointed two new independent directors, Shekar Ayyar and Jinhy Yoon, to its Board of Directors and Strategic Review Committee.
  • The company entered into a cooperation agreement with activist investor Carronade Capital Management.
  • The moves reflect shareholder engagement around governance and oversight at NasdaqGS:VSAT.

Viasat, trading on the NasdaqGS under ticker VSAT, is drawing attention after updating its board and forming a Strategic Review Committee that includes the two new independent directors. The company’s shares recently closed at $66.33, with very large 1-year returns and a value score of 4, which indicates that investors may be treating the stock as a relatively fully valued story rather than a deep value…

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