DividendMay 20, 2026, 05:03 PM
Iridium Declares $0.15 Dividend; Stockholders Approve Equity Plan
AI Summary
Iridium Communications Inc. announced that its Board of Directors declared a cash dividend of $0.15 per share, payable on June 30, 2026. Additionally, at its 2026 Annual Meeting, stockholders approved the Amended and Restated 2015 Equity Incentive Plan, reserving up to 42,947,991 shares for equity awards. Stockholders also elected eleven directors, approved the compensation of named executive officers, and ratified KPMG LLP as the independent registered public accounting firm for 2026.
Key Highlights
- Iridium declared a cash dividend of $0.15 per share on its common stock.
- The dividend is payable on June 30, 2026, to stockholders of record as of June 15, 2026.
- Stockholders approved the Amended and Restated 2015 Equity Incentive Plan.
- The plan reserves a maximum of 42,947,991 shares for issuance of stock options and other equity awards.
- Eleven directors were elected to serve one-year terms until the 2027 Annual Meeting.
- Stockholders approved executive compensation with 66,205,295 votes For.
- KPMG LLP was ratified as the independent auditor with 85,605,107 votes For.
- Approximately 81.2% of outstanding shares were present or represented at the Annual Meeting.
Price Impact
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