---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-044353"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2022-02-16T23:59:59+00:00"
generated_at: "2026-06-27T07:27:20.672640+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Iridium director Pfeiffer to retire; annual comp awards set for executives

## Summary
- Director Steven B. Pfeiffer will retire and not stand for re-election at May 2022 annual meeting; no disagreement.
- CEO Desch receives performance share target award of $2.5M (max $3.75M) tied to 2022-2023 service revenue growth.
- CFO Fitzpatrick and COO McBride each get $1.25M target awards; EVPs Hartin and Scheimreif get $625K each.
- 2022 Bonus Plan sets target bonus percentages: CEO 90%, CFO/COO 75%, EVPs 60%.
- 60% of target bonus paid in RSUs granted March 1, 2022; vest in March 2023 based on OEBITDA and strategic goals.

## SEC filing metadata
- accession: 0001193125-22-044353
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2022-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000119312522044353/0001193125-22-044353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000119312522044353/d308361d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-044353
- JSON: https://secwatch.observer/filing/0001193125-22-044353.json
- Plain text: https://secwatch.observer/filing/0001193125-22-044353.txt

## Key facts
- Executive change
  Steven B. Pfeiffer departed as Director at Iridium Communications Inc..
  - Action: retiring
  - Role: Director
  source text: On February 15, 2022, Steven B. Pfeiffer notified the Board of Directors of Iridium Communications Inc. (the “Registrant”) that he will be retiring as a member of the Board of Directors of the Registrant and therefore will not stand for re-election at the Registrant’s 2022 Annual Meeting of Stockholders to be held in May 2022 (the “Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418819/000119312522044353/0001193125-22-044353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.