Iridium Shareholders Approve Equity Incentive Plan Amendment and Officer Liability Update

Iridium Communications Inc. announced that its shareholders approved key corporate governance and compensation proposals during its annual meeting. Among the resolutions passed was an amendment to the company’s 2015 Equity Incentive Plan, increasing the total number of shares authorized for issuance to 38,097,991. This includes new shares and shares that may become available from previously granted awards under the 2012 plan.

In addition, shareholders approved an amendment to the company’s certificate of incorporation to limit the monetary liability of certain officers under specific circumstances, as permitted by Delaware law.

All ten nominated directors were elected to serve one-year terms. Shareholders also approved, on an advisory basis, the compensation of named executive officers and ratified the selection of KPMG LLP as the independent auditor for the current fiscal year.

The board of directors also declared a cash dividend of $0.14 per share, payable to shareholders of record as of June 13, with payment scheduled for June 30.

Iridium Shareholders Approve Equity Plan, Charter Amendment, and Re-Elect Board at Annual Meeting

At its 2025 Annual Meeting held virtually on May 14, Iridium Communications Inc. shareholders approved all five proposals presented, including a key amendment to the company's equity incentive plan and a charter revision limiting certain officer liabilities.

All ten nominated directors were re-elected for one-year terms, with CEO Matthew J. Desch receiving the highest support at over 79.7 million votes. Shareholders also cast a majority vote in favor of the company’s executive compensation in a non-binding advisory vote, with 70.2 million votes in favor and 10.4 million against.

Additionally, stockholders ratified KPMG LLP as the independent auditor for the fiscal year 2025. The Amended and Restated 2015 Equity Incentive Plan was approved, expanding the maximum number of shares reserved for issuance to over 38 million. Shareholders also approved an amendment to the Certificate of Incorporation to provide limited liability protections to certain officers in accordance with Delaware law.

Following the meeting, Iridium’s Board declared a quarterly cash dividend of $0.14 per share, payable June 30, 2025, to shareholders of record as of June 13, 2025.

Iridium Communications Inc. Files Form 8-K Regarding Regulatory and Financial Matters
MCLEAN, VA – March 6, 2025 – Iridium Communications Inc. (Nasdaq: IRDM) has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) to report recent developments affecting the company.

Key Highlights from the Filing:
Company Information:
Headquarters: 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102
Trading Symbol: IRDM
Exchange: Nasdaq Stock Market LLC
Regulatory Compliance:
The company confirms compliance with SEC rules and disclosure obligations.
No emerging growth company election has been made.
Purpose of the Filing
The Form 8-K serves as an official update on corporate developments, financial performance, or regulatory disclosures that may impact investors and stakeholders.