DividendAug 10, 2026, 04:14 PM
Iridium Declares $0.15 Cash Dividend; Amends Bylaws
AI Summary
Iridium Communications Inc. announced that its Board of Directors declared a cash dividend of $0.15 per share, payable on September 30, 2026, to shareholders of record as of September 15, 2026. Additionally, the Board approved and adopted Amended and Restated Bylaws, effective August 10, 2026. The primary amendment was the addition of a forum selection provision, designating Delaware courts as the exclusive forum for certain internal corporate claims and federal district courts for Securities Act claims.
Key Highlights
- Iridium's Board declared a cash dividend of $0.15 per share.
- The dividend is payable on September 30, 2026.
- Stockholders of record as of September 15, 2026, will receive the dividend.
- Amended and Restated Bylaws were adopted, effective August 10, 2026.
- Bylaws now include a forum selection provision for certain legal actions.
- Delaware courts are the exclusive forum for internal affairs claims.
- Federal district courts are the exclusive forum for Securities Act of 1933 claims.
Price Impact
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