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.