---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-004441"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2025-02-07T23:59:59+00:00"
generated_at: "2026-05-27T00:53:02.041338+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Iridium approves 2025 Performance Bonus Plan with executive target percentages

## Summary
- CEO Desch target bonus 100% of base salary; COO McBride 80%, CFO O'Neill 65%, EVP Scheimreif 65%.
- Bonus based on Operational EBITDA, strategic goals, and network/quality metrics.
- First 60% of target paid in RSUs granted March 1, 2025, vesting March 2026 on performance.
- Excess portion paid in cash by March 15, 2026; maximum total payout 200% of target.
- Bonuses subject to recoupment under Company's Incentive Compensation Recoupment Policy.

## SEC filing metadata
- accession: 0001628280-25-004441
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2025-02-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000162828025004441/0001628280-25-004441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000162828025004441/irdm-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-004441
- JSON: https://secwatch.observer/filing/0001628280-25-004441.json
- Plain text: https://secwatch.observer/filing/0001628280-25-004441.txt

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