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
July 31, 1996
Date of Report (Date of earliest event reported)
AMERICAN MOBILE SATELLITE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-23044 93-0976127
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10802 Parkridge Boulevard, Reston, Virginia 22091
(Address of principal executive offices) (Zip Code)
(703) 758-6000
(Registrant's telephone number, including area code)
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Item 5. Other Events
On July 31, 1996, American Mobile Satellite Corporation (the "Company")
released to the press the statement attached hereto as Exhibit 99.7 and
incorporated herein by this reference, announcing the appointment of Gary M.
Parsons as president, chief executive officer and director of the Company, to
succeed Brian B. Pemberton.
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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.
AMERICAN MOBILE SATELLITE CORPORATION
(Registrant)
Date: August 1, 1996 /s/ Randy S. Segal
Randy S. Segal
General Counsel
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EXHIBIT INDEX
Exhibit
Number Exhibit
99.7 -- American Mobile Satellite Corporation Press Release
No. 96-#19 dated July 31, 1996 (filed herewith).
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Reference: 96-#19
FOR IMMEDIATE RELEASE
FORMER MCI EXECUTIVE TO HEAD
AMERICAN MOBILE SATELLITE CORPORATION
RESTON, VA, July 31, 1996--American Mobile Satellite Corporation (AMSC)
(NASDAQ: SKYC), a provider of voice, data and position reporting services,
announced today the appointment of Gary M. Parsons, former executive vice
president of MCI Communications, to the post of president and chief executive
officer. He will also serve on the company's board of directors.
Mr. Parsons brings to AMSC extensive management experience in the
telecommunications industry. At MCI, he served in various senior management
positions, including chief executive officer of MCImetro, the subsidiary
responsible for MCI's entry into local telephone service. Prior to MCI, Parsons
served as executive vice president of Telecom*USA, which was acquired by MCI in
1990. "Gary has demonstrated success building high-growth technology companies
and is well respected for his team-based management style," said AMSC Chairman
Jack Shaw in making the announcement. "I'm delighted that we will have his
leadership during this critical period in the company's growth."
Parsons added his enthusiasm for the move. "Today's telecommunications
marketplace is rife with opportunity for emerging companies with the right
technology. AMSC represents a unique combination of digital technology,
satellite spectrum and creative products for mobile voice and data
communications. I have always enjoyed entrepreneurial opportunities and look
forward to helping AMSC develop into a major industry player."
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-more-
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Mr. Parsons succeeds Brian Pemberton, who led the company through its
development stage. Mr. Pemberton will remain with the company, concentrating his
efforts in the area of sales and marketing.
During the first quarter of 1996, Reston, VA-based American Mobile
Satellite Corporation began voice revenue service operations via its AMSC-1
satellite. Launched in 1995, AMSC-1 makes possible a full range of mobile
communications, including telephone, data and position reporting services to
land-mobile, maritime, aeronautical, and fixed-site customers throughout the
continental United States, Alaska, Hawaii, Puerto Rico, the Virgin Islands and
hundreds of miles of U.S. coastal waters.
Press Contacts: Investor Contacts:
Orly Konig Lopez Jordan Darrow
American Mobile Satellite Corporation The Financial Relations Board
703/716-6558 212/661-8030
Martin Gitlin Renate Brown Neely
The Financial Relations Board American Mobile Satellite Corporation
212/661-8030 703/716-6558
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