UNITED
STATES
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
Date
of
Report: November 19, 2007
ICO
GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED
(Exact
Name of Registrant as Specified in its Charter)
|
Delaware
(State
or other jurisdiction
of
incorporation)
|
0-52006
(Commission
File
Number)
|
98-0221142
(IRS Employer
Identification #)
|
|
Plaza
America Tower I
11700
Plaza America Drive, Suite 1010
Reston,
Virginia
(Address
of Principal Executive Offices)
|
20190
(Zip
Code)
|
(703)
964-1400
(Registrant’s
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre
commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17
CFR 240.13e-4(c))
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
Michael
P. Corkery has been appointed Executive Vice President and Chief Financial
Officer of ICO Global Communications (Holdings) Limited and ICO North America,
Inc., effective November 19, 2007. Mr. Corkery, age 45, has served as Chief
Financial Officer of CURRENT Group, LLC since January 2006. From August 2002
until August 2005, Mr. Corkery was VP Operations Finance for Nextel
Communications, Inc. and previously worked for Berliner Communications, Inc.,
XO
Communications, Inc. and AT&T Wireless Services in similar capacities. Mr.
Corkery holds a Bachelor’s degree in accounting from St. Bonaventure University
and received an Executive Leadership Development certification from the
McDonough School of Business at Georgetown University.
In
connection with Mr. Corkery’s appointment as Executive Vice President and Chief
Financial Officer, Mr. Corkery’s will receive a salary of $325,000. In addition,
Mr. Corkery was
granted options to purchase 325,000 shares of the Company’s Class A common stock
at the fair market value price on the date his appointment is effective. These
options will vest and become exercisable in four equal annual installments
beginning with the date the options are granted. Mr. Corkery was also granted
20,000 shares of restricted stock which vests based on certain performance
and
time-based criteria.
A
copy of
the Company's press release dated November 13, 2007 announcing the appointment
of Mr. Corkery is attached hereto as Exhibit 99.1.
Item
9.01 Financial
Statements and Exhibits.
(d)
Exhibits.
|
Exhibit
No.
|
|
Description |
| |
|
|
|
99.1
|
|
Press
release dated November 13,
2007.
|
SIGNATURE
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.
| |
|
|
| |
ICO
GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED
(Registrant)
|
|
|
|
|
November
19, 2007
|
By: |
/s/ John
L.
Flynn |
| |
John
L. Flynn
|
| |
Executive
Vice President, General Counsel
and
Corporate Secretary
|