SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Report on Foreign Issuer
Pursuant to Rule 13a
— 16 or 15d -16
of the Securities Exchange Act of 1934
For the Month of July 2003
Gilat House, Yegia Kapayim Street
Daniv Park, Kiryat Arye, Petah Tikva, Israel
(Address of Principal Corporate Offices)
| Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. |
Form 20-F x Form 40-F o
| Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. |
Yes o No x
| If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A |
| Attached hereto is Registrant's press release dated July 14, 2003, announcing that Registrant has named Bill Gerety as the new CEO of its subsidiary, Spacenet Inc. |
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, thereunto duly authorized. |
| Gilat Satellite Networks Ltd. (Registrant) BY: /S/ Yoav Leibovitch —————————————— Yoav Leibovitch Chief Financial Officer |
| Dated: July 15, 2003 |
Jul 15, 2003
Petah Tikva, Israel, July 14, 2003 — Gilat Satellite Networks Ltd. (NASDAQ: GILTF) announced today that it has named Bill Gerety as the new CEO of its Spacenet subsidiary. Gerety takes over from Nick Supron, who served as Spacenet’s CEO for the last two years. The change was made effective on July 1.
During his tenure, Supron led a successful effort at Spacenet to optimize operations, streamline processes and increase efficiencies, in an effort to adapt the company to the changing characteristics of the market and business environment. The company noted that Supron elected to step down in order to spend more time with his family and to pursue other business opportunities.
Bill Gerety joins Spacenet with an intimate understanding of the satellite and telecommunications industries. Immediately prior to joining Spacenet, Gerety served as acting CEO and Chief Operating Officer of Astrolink International, a broadband satellite venture headed by Liberty Media, Lockheed Martin, TRW and Telespazio.
Gerety has also had a distinguished career as a senior officer in the US Army, and continues to serve as a colonel in the US Army Reserve. He holds a BS from the US Military Academy at West Point, an MS in Strategic Studies from the US Army War College, as well as an MS in Contracts & Acquisition Management and an MBA from the Florida Institute of Technology. After spending four years at Spacenet in the early 90s, Bill served as COO of international telecom service provider World Access/Facilicom International; and he led international network sales efforts at Sprint International.
About Spacenet
Spacenet Inc. provides two-way
satellite-based broadband networking solutions throughout North America under the
Connexstar brand, and has more than 15 years’ experience in providing connectivity,
provisioning, operations and maintenance to enterprise and government customers, including
some of the largest satellite-based networks in the world. Spacenet is based in McLean,
Virginia, and is a wholly owned subsidiary of Gilat Satellite Networks, Ltd. Visit
Spacenet at www.spacenet.com.
About Gilat Satellite
Networks Ltd.
Gilat Satellite Networks Ltd., with
its global subsidiaries Spacenet Inc., Gilat Latin America and rStar Corporation (RTRC),
is a leading provider of telecommunications solutions based on Very Small Aperture
Terminal (VSAT) satellite network technology – with nearly 400,000 VSATs shipped
worldwide. Gilat, headquartered in Petah Tikva, Israel, markets the Skystar
Advantage®, DialAw@y IP™, FaraWay™, Skystar 360E™ and SkyBlaster* 360
VSAT products in more than 70 countries around the world. Gilat provides satellite-based,
end-to-end enterprise networking and rural telephony solutions to customers across six
continents, and markets interactive broadband data services. Gilat is a joint venture
partner with SES GLOBAL in SATLYNX, a provider of two-way satellite broadband services in
Europe. Skystar Advantage, Skystar 360, DialAw@y IP and FaraWay are trademarks or
registered trademarks of Gilat Satellite Networks Ltd. or its subsidiaries. Visit Gilat at
www.gilat.com. (*SkyBlaster is marketed in the United States by StarBand
Communications Inc. under its own brand name.)
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission.
Investor Inquiries:
Tel: +1703-848-1515
Gilat Media Contact:
Barry Spielman,
Director Corporate Marketing
tel: +(972)3-925-2201
barrys@gilat.com
Spacenet Media Contact
Fritz Stolzenbach
Director, Marketing
+17038481515
fritz.stolzenbach@spacenet.com