secwatch / observer

Iridium Communications Inc. — fact timeline

Source-grounded facts extracted from Iridium Communications Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

IRDM Iridium Communications Inc. JSON
Shareholder Votes

Iridium Communications Inc. shareholders approved Approval of the Company’s Amended and Restated 2015 Equity Incentive Plan at the 2026-05-20 meeting.

“Proposal 4 — Approval of the Company’s Amended and Restated 2015 Equity Incentive Plan. The Company’s stockholders approved Proposal 4.”
Shareholder Votes

Iridium Communications Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-20 meeting.

“Proposal 3 — Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The Company’s stockholders approved Proposal 3.”
Shareholder Votes

Iridium Communications Inc. shareholders approved Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers at the 2026-05-20 meeting.

“Proposal 2 — Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers. The Company’s stockholders approved Proposal 2.”
Shareholder Votes

Iridium Communications Inc. shareholders approved Election of Directors at the 2026-05-20 meeting.

“Proposal 1 — Election of Directors The following eleven directors were elected to serve for one-year terms until the 2027 Annual Meeting of Stockholders and until their respective successors are elected and qualified.”
Material Agreements

Iridium Communications Inc. entered into Credit and Guaranty Agreement with NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities valued at $183.36 million term loan, bearing no interest, maturing one year following Closing (effective 2026-05-13).

“At Closing, Iridium Monitor Holdings will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide Iridium Monitor Holdings with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price.”
Material Agreements

Iridium Communications Inc. entered into Securities Purchase Agreement with NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities valued at aggregate purchase price approximately $366.7 million; 50% cash at Closing, 50% deferred with $183.3 (effective 2026-05-13).

“On May 13, 2026, Iridium Communications Inc. (the “Company”), through its wholly owned subsidiary Iridium Monitor Holdings LLC (“Iridium Monitor Holdings”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with NAV CANADA, The Irish Air Navigation Service, ENAV S.P.A., Naviair Surveillance A/S, NATS (Services) Limited, and certain of their affiliated entities (collectively, the “Sellers”), pursuant to which Iridium Monitor Holdings agreed to acquire the remaining 61% of equity interests in Aireon Holdings LLC (“Aireon”) that the Company does not already own.”
Earnings Releases

Iridium Communications Inc. reported first quarter ended March 31, 2026 results: revenue $219.1 million, net income $21.6 million, EPS $0.20 per diluted share.

“Iridium reported first quarter total revenue of $219.1 million, which consisted of $158.0 million of service revenue and $61.0 million of revenue related to equipment sales and engineering and support projects.”

Monique S. Shivanandan was appointed as director at Iridium Communications Inc..

“On June 17, 2025, the Board of Directors (the “Board”) of Iridium Communications Inc. (the “Company”) appointed Monique S. Shivanandan as a director of the Company, effective immediately”
Governance Changes

Iridium Communications Inc.: Amendment to the Certificate of Incorporation to limit the monetary liability of certain officers as permitted by Delaware law (effective 2025-05-14).

“On May 14, 2025, the Company filed the Certificate of Amendment with the Delaware Secretary of State.”
Governance Changes

Iridium Communications Inc.: The Board of Directors amended and restated the Company's Bylaws to reflect statutory changes under Delaware law, clarify language, incorporate SEC rule changes, enhance advance notice provisions, and update various procedural and governance provisions (effective 2024-12-05).

“On December 5, 2024, the Board of Directors of Iridium Communications Inc. (the “Company”), upon recommendation of the Nominating and Corporate Governance Committee of the Board of Directors, approved the amendment and restatement of the Company’s Bylaws”

Vincent O'Neill was appointed as Chief Financial Officer at Iridium Communications Inc..

“On August 21, 2024, the Company announced the appointment of Vincent O’Neill, 58, as its Chief Financial Officer, effective January 1, 2025.”

Bryan J. Hartin departed as Executive Vice President, Sales and Marketing at Iridium Communications Inc..

“Also on August 16, 2024, Bryan J. Hartin, Executive Vice President, Sales and Marketing of the Company, notified the Board of his decision to retire from his position with the Company, with such retirement to be effective at the close of business on December 31, 2024.”

Thomas J. Fitzpatrick departed as Chief Financial Officer at Iridium Communications Inc..

“On August 16, 2024, Thomas J. Fitzpatrick, Chief Financial Officer (principal financial officer) of Iridium Communications Inc. (the “Company”), notified the board of directors of the Company (the “Board”) of his decision to retire from his positions with the Company, with such retirement to be effective at the close of business on December 31, 2024.”
Earnings Releases

Iridium Communications Inc. reported first quarter ended March 31, 2024 results: revenue $203.9 million, net income $19.7 million, EPS $0.16 per diluted share. Guidance reaffirmed.

“Iridium Communications Inc. (Nasdaq:IRDM) (“Iridium”), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook. Net income was $19.7 million, or $0.16 per diluted share, for the first quarter of 2024, as compared to net income of $9.8 million, or $0.08 per diluted share, for the first quarter of 2023. Operational EBITDA (“OEBITDA”) (1) for the first quarter was $115.0 million, as compared to $111.9 million for the prior-year period, representing a year-over-year increase of 3%. Net income benefitted from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company’s satellites and continued growth in total commercial services revenue. Iridium reported first-quarter total revenue of $203.9 million, which consisted of $148.6 million of service revenue and $55.3 million of revenue related to equipment sales a”
Debt Financings

Iridium Communications Inc. incurred term loan of $125 million with Deutsche Bank AG New York Branch at SOFR plus an interest rate margin of 2.5%, with a 0.75% SOFR floor maturing September 20, 2030.

“On March 25, 2024, Iridium Satellite LLC (“Satellite”), the Registrant’s principal operating subsidiary, as the borrower, entered into Amendment No. 1 (the “Amendment”) to its existing Amended and Restated Credit Agreement, dated as of September 20, 2023, with Iridium Holdings LLC (“Holdings”), as guarantor; solely with respect to Section 10.12 thereof, the Registrant; various lenders; and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent; with Deutsche Bank Securities Inc., Barclays Bank PLC, and Wells Fargo Securities, LLC , as Joint Lead Arrangers and Bookrunners (the “Credit Agreement”) . Pursuant to the Amendment, Satellite borrowed an additional $125 million of term loans on the same terms as the existing term loans of $1.5 billion, bearing interest at a per annum rate of SOFR plus an interest rate margin of 2.5%, with a 0.75% SOFR floor and maturing on September 20, 2030.”
Material Agreements

Iridium Communications Inc. amended Amendment No. 1 (the "Amendment") to the Amended and Restated Credit Agreement with various lenders and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent; Deutsche Bank Securities Inc., Barclays Bank PLC, and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Bookrunners valued at $125 million (effective 2024-03-25).

“On March 25, 2024, Iridium Satellite LLC (“Satellite”), the Registrant’s principal operating subsidiary, as the borrower, entered into Amendment No. 1 (the “Amendment”) to its existing Amended and Restated Credit Agreement, dated as of September 20, 2023, with Iridium Holdings LLC (“Holdings”), as guarantor; solely with respect to Section 10.12 thereof, the Registrant; various lenders; and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent; with Deutsche Bank Securities Inc., Barclays Bank PLC, and Wells Fargo Securities, LLC , as Joint Lead Arrangers and Bookrunners (the “Credit Agreement”) .”
Earnings Releases

Iridium Communications Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue total revenue of $194.7 million (Q4), record total revenue in 2023 of $790.7 million, net income $38.0 million (Q4), $15.4 million (full year 2023), EPS $0.30 per diluted share (Q4), $0.12 per diluted share (full year 2023). Guidance initiated.

“Net income was $38.0 million, or $0.30 per diluted share, for the fourth quarter of 2023, as compared to net loss of $0.8 million, or $0.01 per diluted share, for the fourth quarter of 2022.”

Jane L. Harman departed as Director at Iridium Communications Inc..

“On December 28, 2023, Jane L. Harman informed Iridium Communications Inc. (the “Registrant”) that she will be retiring as a member of the Board of Directors of the Registrant effective as of the next Annual Meeting of Stockholders and therefore not standing for re-election.”
Earnings Releases

Iridium Communications Inc. reported third quarter ended September 30, 2023 results: revenue $197.6 million, net income $1.6 million, EPS $0.01 per diluted share. Guidance reaffirmed.

“fully offset strong revenue growth in Iridium’s commercial service lines and an increase in engineering and support revenue. Iridium reported third-quarter total revenue of $197.6 million, which consisted of $152.0 million of service revenue and $45.6 million of revenue related to equipment sales and engineering and support projects. Total revenue increased 7%”
Debt Financings

Iridium Communications Inc. incurred revolving credit of $100 million, five-year revolving loan facility with Deutsche Bank AG New York Branch at Term SOFR plus an interest rate margin of 2.50%, with a 0.0% SOFR floor, no orig maturing five-year.

“The Amended and Restated Credit Agreement also provides for a $100 million, five-year revolving loan facility”
Debt Financings

Iridium Communications Inc. incurred term loan of $1,500 million with Deutsche Bank AG New York Branch at Term SOFR plus an interest rate margin of 2.50%, with a 0.75% SOFR floor maturing seven-year term loan facility.

“Pursuant to the Amended and Restated Credit Agreement, Satellite borrowed $1,500 million as a seven-year term loan facility”
Material Agreements

Iridium Communications Inc. amended Amendment and Restatement Agreement with Deutsche Bank AG New York Branch valued at $1,500 million (effective 2023-09-20).

“On September 20, 2023, Iridium Satellite LLC (“Satellite”), the Registrant’s principal operating subsidiary, as the borrower, entered into Amendment and Restatement Agreement (the “Amendment and Restatement”) to amend and restate its existing Credit Agreement, dated as of November 4, 2019”

Parker W. Rush departed as Director at Iridium Communications Inc..

“On September 13, 2023, Parker W. Rush informed Iridium Communications Inc. (the “Registrant”) that he will be retiring as a member of the Board of Directors of the Registrant effective as of December 31, 2023.”
Earnings Releases

Iridium Communications Inc. reported the second quarter of 2023 results: revenue $193.1 million, net income Net loss was $30.7 million, EPS $0.24 per diluted share. Guidance reaffirmed.

“Iridium Communications Inc. (Nasdaq:IRDM) (“Iridium”), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2023 and reiterated its full-year 2023 outlook. Net loss was $30.7 million, or $0.24 per diluted share, for the second quarter of 2023, as compared to net income of $4.6 million, or $0.04 per diluted share, for the second quarter of 2022. Operational EBITDA (“OEBITDA”) (1) for the second quarter was $115.8 million, as compared to $105.9 million for the prior-year period, representing a year-over-year increase of 9%. The net loss was primarily the result of the write-off of Iridium’s remaining ground spare satellite following the successful launch of five of its six ground spare satellites in May. This charge offset the benefits of strong revenue growth in Iridium’s Commercial Service lines and an increase in Engineering and Support revenue. Iridium reported second-quarter total revenue of $193.1 million,”
Shareholder Votes

Iridium Communications Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-04 meeting.

“Proposal 5 – Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. For Against Abstained 118,785,597 110,431 153,331”
Shareholder Votes

Iridium Communications Inc. shareholders approved Approval of the Company's Amended and Restated 2015 Equity Incentive Plan. at the 2023-05-04 meeting.

“Proposal 4 — Approval of the Company's Amended and Restated 2015 Equity Incentive Plan . For Against Abstained Broker Non-Votes 95,180,509 16,211,007 189,452 7,468,391”
Shareholder Votes

Iridium Communications Inc. shareholders voted on Indication, on a non-binding advisory basis, of the preferred frequency of stockholder advisory votes on the compensation of the Company's named executive officers. at the 2023-05-04 meeting.

“Proposal 3 — Indication, on a non-binding advisory basis, of the preferred frequency of stockholder advisory votes on the compensation of the Company's named executive officers. One Year Two Years Three Years Abstained Broker Non-Votes 108,463,445 189,523 2,754,502 173,498 7,468,391”
Shareholder Votes

Iridium Communications Inc. shareholders approved Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers. at the 2023-05-04 meeting.

“Proposal 2 — Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers. For Against Abstained Broker Non-Votes 107,344,375 4,049,586 187,007 7,468,391”
Shareholder Votes

Iridium Communications Inc. shareholders approved Election of Directors at the 2023-05-04 meeting.

“Proposal 1 — Election of Directors The following twelve (12) directors were elected to serve for one-year terms until the 2024 Annual Meeting of Stockholders and until their respective successors are elected and qualified. Name Votes For Votes Withheld Broker Non-Votes Robert H. Niehaus 109,229,124 2,351,844 7,468,391 Thomas C. Canfield 110,209,610 1,371,358 7,468,391 Matthew J. Desch 110,718,050 862,918 7,468,391 Thomas J. Fitzpatrick 99,470,826 12,110,142 7,468,391 L. Anthony Frazier 111,381,560 199,408 7,468,391 Jane L. Harman 111,058,522 522,446 7,468,391 Alvin B. Krongard 99,219,223 12,361,745 7,468,391 Suzanne E. McBride 101,604,015 9,976,953 7,468,391 Admiral Eric T. Olson (Ret.) 110,135,474 1,445,494 7,468,391 Parker W. Rush 109,714,546 1,866,422 7,468,391 Kay N. Sears 111,379,580 201,388 7,468,391 Jacqueline E. Yeaney 111,337,573 243,395 7,468,391”
Earnings Releases

Iridium Communications Inc. reported the first quarter ended March 31, 2023 results: revenue $205.3 million, net income $9.8 million, EPS $0.08 per diluted share. Guidance reaffirmed.

“the prior-year period, representing a year-over-year increase of 8%. These results benefitted from growth in all business areas. Iridium reported first-quarter total revenue of $205.3 million, which consisted of $139.3 million of service revenue and $66.0 million of revenue related to equipment sales and engineering and support projects. Total revenue increased 22%”

Henrik O. Schliemann departed as member of the Board of Directors at Iridium Communications Inc..

“On February 22, 2023, Henrik O. Schliemann informed Iridium Communications Inc. (the “Registrant”) that he will be retiring as a member of the Board of Directors of the Registrant effective as of the next Annual Meeting of Stockholders and therefore not standing for re-election.”
Earnings Releases

Iridium Communications Inc. reported financial results for fourth quarter and fiscal year ended December 31, 2022.

“On February 16, 2023, Iridium Communications Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.”

Steven B. Pfeiffer departed as Director at Iridium Communications Inc..

“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”).”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.