{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-040928","form_type":"8-K","ticker":"IRDM","cik":"0001418819","company_name":"Iridium Communications Inc.","filed_at":"2024-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.990737+00:00","generated_at":"2026-05-31T03:34:44.824134+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Iridium approves additional $500M share repurchase, total authorizations now $1.5B","bullets":["Board authorized $500M in common stock repurchases through Dec 31, 2027; largest authorization ever.","Cumulative share repurchase authorizations since inception in 2021 total $1.5B.","Previous authorizations: $300M (Feb 2021), $300M (Mar 2022), $400M (Jul 2023).","Company targets net leverage below 4.0x through 2026 and below 2.0x EBITDA by decade-end.","CEO cites strong free cash flow and commitment to shareholder-friendly capital returns."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-040928","json":"https://secwatch.observer/filing/0001628280-24-040928.json","markdown":"https://secwatch.observer/filing/0001628280-24-040928.md","text":"https://secwatch.observer/filing/0001628280-24-040928.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418819/000162828024040928/0001628280-24-040928-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418819/000162828024040928/irdm-20240919.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:34:44.824134+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}