Globalstar Inc (GSAT)

[rattlewatch]

Conflict minerals report, can't say I've ever heard of this before.
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Section 1 - Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

Globalstar, Inc. (the “Company”) is filing this Form SD pursuant to Rule 13p-1 under the Securities Exchange Act of 1934 for the reporting period January 1, 2013 through December 31, 2013.

Conflict Minerals Disclosure

A copy of the Company’s Conflict Minerals Report is attached hereto as Exhibit 1.02 and is publicly available at the Company’s website, www.globalstar.com , by clicking “Investors” and “SEC Filings.”

Item 1.02 Exhibit

Exhibit 1.02 to this report is the Company’s Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form SD.

Section 2 - Exhibits

Exhibit Number

Description 1.02

Globalstar, Inc. Conflict Minerals Report for the period January 1, 2013 through December 31, 2013

http://ih.advfn.com/p.php?pid=nmona&article=62419022&symbol=GSAT

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The Conflict Minerals Rule

The Rule requires any reporting company having conflict minerals that are necessary to the functionality or production of a product manufactured or contracted to be manufactured by that reporting company to file a report with the SEC on Form SD, disclosing whether those conflict minerals originated in a Covered Country (defined below) and whether those conflict minerals benefit or finance armed groups in the Covered countries. The reports must also be posted on the reporting company’s website for one year.

It is important to note that the Rule does not prohibit the use of conflict minerals in products. Instead,the Rule requires public disclosure of how the conflict minerals are used by the reporting company. Customer requirements and shareholders’ and the public’s reactions to the reporting company’s disclosures could influence the reporting company’s actions and policies with respect to conflict minerals.

Note, it is not only reporting companies that should be concerned about the Rule. Nonreporting companies may be asked by their customers to provide information about conflict minerals in their products. To provide that information, the nonreporting company suppliers will need to perform their own diligence, even if they are not required to file disclosure reports with the SEC.

http://www.squiresanders.com/website/pdf/Compliance/Summary-of-Conflict-Minerals-Rule.pdf