UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-K/A

(Amendment No. 1)

 

x                              ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2007

 

OR

 

o                                 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from          to           

 

Commission File Number 001-33117

 

GLOBALSTAR, INC.

(Exact name of Registrant as specified in its charter)

 

 

461 South Milpitas Blvd.

Milpitas, California 95035

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (408) 933-4000

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Securities registered pursuant to Section 12(g) of the Act:

None

 

Indicate by check mark if the Registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes o    No x

 

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o    No x

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x    No o

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company”  in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer o

Accelerated filer x

Non-accelerated filer o

Smaller reporting company o

 

(Do not check if a smaller reporting company)

 

Indicate by check mark whether the Registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act) Yes o    No x

 

The aggregate market value of the Registrant’s common stock held by non-affiliates at June 30, 2007, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $274.0 million.

 

The number of shares of the Registrant’s common stock outstanding as of March 4, 2008 was 83,688,090.

 

DOCUMENTS INCORPORATED BY REFERENCE

None.

 

 

FORM 10-K/A

 

For the Fiscal Year Ended December 31, 2007

 

TABLE OF CONTENTS

 

			Page
		Explanatory Note	2
		PART IV
Item 15.		Exhibits and Financial Statement Schedules	2
Signatures			4

 

 

1

 

EXPLANATORY NOTE

 

This Amendment No. 1 on Form 10-K/A (the “Amendment”) amends the Annual Report on Form 10-K of Globalstar, Inc. (the “Company”) for the fiscal year ended December 31, 2007, originally filed with the Securities and Exchange Commission (the “SEC”) on March 17, 2008 (the “Original Filing”). The Company is filing this Amendment to provide revised certifications pursuant to Rule 13a-14(a) that include revisions to paragraph 4 concerning the design of the Company’s internal control over financial reporting, which were inadvertently omitted from the Original Filing.

 

This Form 10-K/A does not modify or update any other disclosures set forth in the Original Filing.

 

 

PART IV

 

Item 15.		Exhibits and Financial Statements Schedules.
(a)		Documents filed as part of this Amendment:
(3)		Exhibits
		See exhibit index.

 

 

2

 

EXHIBIT INDEX

 

Exhibit Number		Description
31.1		Section 302 Certification of the Chief Executive Officer
31.2		Section 302 Certification of the Chief Financial Officer

 

 

 

3

 

SIGNATURES

 

Pursuant to the requirements of Sections 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

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