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VIASAT INC (VSAT)

Sector: Information Technology

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2026 Annual Meeting Analysis

VIASAT INC · Meeting: September 3, 2026

Policy v1.2high confidenceView Filing ↗
For informational purposes only. This AI-generated analysis applies a published voting policy to publicly available proxy filings. It does not constitute investment advice, proxy voting advice, or a solicitation of any kind. AI analysis may be incomplete or inaccurate — always review the actual filing and make your own independent decision.

Directors FOR

3

Directors AGAINST

0

Say on Pay

FOR

Auditor

AGAINST

Director Elections

Election of Directors

3 FOR
✓ FOR
Mark Dankberg

Dankberg is the founder and long-tenured CEO/Chairman; Viasat's 3-year stock return of +139.4% outperforms the peer median by +57.6 percentage points, which is below the 65-point threshold required to trigger a vote against under the strong-positive TSR policy, so no TSR concern applies, and no other disqualifying flags were identified.

✓ FOR
William LaPlante

LaPlante joined the board in 2025, which is within the 24-month new-director exemption window, so he is fully exempt from the TSR trigger; he brings relevant defense and national security expertise, and no other disqualifying flags were identified.

✓ FOR
Michael Paull

Paull joined the board in 2025, which is within the 24-month new-director exemption window, so he is fully exempt from the TSR trigger; he brings relevant consumer technology and media expertise, and no other disqualifying flags were identified.

All three Class III nominees pass policy screens: Viasat's 3-year TSR of +139.4% outperforms its compensation peer group median by +57.6 percentage points, well below the 65-point threshold needed to trigger an against vote for the strong-positive TSR tier, and the two newer directors (LaPlante and Paull, both joining in 2025) are within the 24-month exemption window. No overboarding, attendance, independence, or familial relationship concerns were identified.

Say on Pay

✓ FOR

CEO

Mark Dankberg

Total Comp

$7,882,902

Prior Support

95%+%

The CEO's total reported compensation of $7,882,902 (per the pre-extracted database figure) is within a reasonable range for a CEO at a $10 billion technology company, and the prior say-on-pay vote received over 95% support, well above the 70% threshold that would require visible corrective action. The company's pay structure is strongly performance-oriented — approximately 91% of CEO total direct compensation is variable or incentive-based, including performance stock awards tied to 3-year cumulative Adjusted EBITDA and free cash flow goals with a relative total shareholder return modifier versus the Russell 3000, and time-based restricted stock units — easily clearing the 50-60% variable pay minimum. The company has a meaningful clawback policy covering both mandatory Dodd-Frank recovery and a broader misconduct-based clawback, stock ownership guidelines, and has demonstrated responsiveness to shareholder feedback over multiple years, all of which support a favorable vote.

Auditor Ratification

✗ AGAINST

Auditor

PricewaterhouseCoopers LLP

Tenure

34 yrs

Audit Fees

$7,338,806

Non-Audit Fees

$879,138

⚑ auditor tenure exceeds 25 years

PricewaterhouseCoopers has served as Viasat's auditor since fiscal year 1992, a relationship of approximately 34 years, which exceeds the policy's 25-year tenure threshold that triggers a vote against unless the audit committee provides a specific and compelling rationale for continued engagement. The proxy does not disclose any such rationale — no mention of exceptional audit quality metrics, recent lead partner rotation disclosures, or a concrete multi-year rotation plan. The non-audit fee ratio (audit-related fees of $870,138 plus all other fees of $9,000, totaling $879,138, against audit fees of $7,338,806) is approximately 12%, which is well within the 50% threshold and raises no independence concern, but the tenure trigger alone is sufficient to warrant a vote against.

Overall Assessment

Viasat's 2026 annual meeting presents three standard proposals: we vote FOR all three director nominees given strong 3-year stock performance relative to peers and clean governance screens, AGAINST auditor ratification solely due to PricewaterhouseCoopers' 34-year tenure with no disclosed rotation plan or compelling justification for continuation, and FOR the say-on-pay proposal given a heavily performance-weighted pay structure, 95%+ prior-year support, and demonstrated responsiveness to shareholder feedback. No stockholder proposals appear on this ballot.

Filing date: July 27, 2026·Policy v1.2·high confidence

Compensation Peer Group

19 companies disclosed in 2026 proxy filing

AKAMAkamai Technologies Inc.
CIENCiena Corporation
COHRCoherent Corp.
EQIXEquinix Inc.
EXTRExtreme Networks, Inc.
FFIVF5, Inc.
FNFabrinet
FTNTFortinet, Inc.
GENGen Digital, Inc.
IACIAC/Interactivecorp
LITELumentum Holdings Inc.
NTNXNutanix, Inc.
PANWPalo Alto Networks Inc.
PTCPTC Inc.
RXTRackspace Technology, Inc.
RNGRing Central, Inc.
SBACSBA Communications Corp
TDGTransdigm Group Inc.
VIAVViavi Solutions Inc.