Every 8-K that Iridium Communications Inc. (IRDM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow IRDM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IRDM filings page.
Iridium Communications Inc. (IRDM) reports supplemental information related to its pending acquisition by Rocket Lab Corporation under an Agreement and Plan of Merger. A special meeting of Iridium stockholders to vote on the Mergers is scheduled for September 24, 2026, for holders of record as of August 21, 2026, and Iridium currently expects completion of the Mergers in mid‑2027, subject to remaining conditions.
The company discloses stockholder lawsuits and demand letters seeking additional merger-related disclosures and states that, while it believes its prior disclosures comply with applicable requirements, it is voluntarily supplementing them. Evercore’s financial analyses are summarized, including implied equity value ranges for Iridium versus the $54.00 per share merger consideration, and comparable valuation work and analyst price target ranges for both Iridium and Rocket Lab.
Iridium Communications Inc. (IRDM) entered into a Fourth Amendment to its Amended and Restated Credit Agreement in connection with its pending merger with Rocket Lab. The amendment grants lender consent to the Rocket Lab transaction and specifies that the merger will not be treated as a Change of Control under the credit facility.
The amendment provides for a downstream guarantee of the credit obligations by Rocket Lab USA, Inc. at closing and, only after the transaction closes, increases interest margins on the term loans, adds a 1% prepayment premium for certain repricing transactions, and a 1% exit fee on term loan prepayments after the first anniversary of closing. As a result, existing term loans are permitted to remain outstanding after completion of the transaction, subject to the Credit Agreement’s other terms.
Iridium Communications Inc. updated its corporate governance and announced a shareholder cash return. On August 10, 2026, the Board adopted Amended and Restated Bylaws, adding a forum selection provision. This provision designates the Court of Chancery of the State of Delaware (or, if it lacks subject matter jurisdiction, the federal district court in Delaware) as the exclusive forum for specified internal corporate disputes, including certain derivative actions, fiduciary duty claims, and matters governed by Delaware law or the company’s charter or bylaws. It also designates the federal district courts of the United States as the exclusive forum for claims arising under the Securities Act of 1933.
On the same date, the Board declared a cash dividend of $0.15 per share on the company’s common stock, payable on September 30, 2026 to stockholders of record as of September 15, 2026.
Iridium Communications reported second quarter 2026 total revenue of $225.2 million, up 4% from a year earlier, with service revenue growing 4% and representing 72% of total. Net income was $9.7 million, or $0.09 per diluted share, compared with $22.0 million, or $0.20, primarily due to higher transaction-related costs. Operational EBITDA was $119.1 million, slightly below $121.3 million in the prior-year quarter. Billable subscribers reached 2,627,000, a 6% increase year-over-year, led by commercial IoT growth.
On June 28, 2026, Iridium entered a definitive agreement for Rocket Lab Corporation to acquire the company, with closing expected in mid-2027, subject to Iridium stockholder approval and other customary conditions. In light of this pending transaction, Iridium does not intend to hold quarterly earnings calls or provide financial guidance. Iridium closed the acquisition of Aireon LLC on July 2, 2026 for approximately $366.7 million, funded with 50% cash and a $183.4 million seller loan, and assumed $154.7 million of Aireon debt; this deal is expected to add at least $100 million of annual service revenue and $30 million of OEBITDA. Capital expenditures were $21.8 million, net debt was about $1.6 billion (3.3x trailing OEBITDA), and Iridium paid a quarterly dividend of $0.15 per share, totaling $16.2 million.
Iridium Communications Inc. completed its acquisition of the remaining 61% of Aireon Holdings LLC for approximately $366.7 million, giving it full ownership of Aireon and its subsidiary Aireon LLC. Half of the price was paid in cash and half via a seller loan.
That deferred portion is a $183.36 million one-year, interest-free term loan secured by Aireon equity under a new Credit and Guaranty Agreement with customary covenants and default provisions. Iridium also provided an unsecured Parent Guaranty of Aireon LLC’s existing term loans, which had an original principal of $175 million and an aggregate principal balance of $154.7 million as of the filing. These term loans mature on October 10, 2028 and carry SOFR- or base-rate-based interest with substantial quarterly amortization and a maximum consolidated total leverage ratio of 5.0 to 1.0.
Separately, in connection with the previously announced Agreement and Plan of Merger under which Rocket Lab Corporation agreed to acquire Iridium, the compensation committee approved cash retention awards for two named executive officers, payable in tranches tied to the merger closing, a six-month anniversary, or certain termination and severance events. Iridium also highlighted that Rocket Lab will file a Registration Statement on Form S-4 containing a joint proxy statement/prospectus seeking stockholder approval for transaction-related proposals.
Iridium Communications Inc. is set to be acquired by Rocket Lab in a cash-and-stock merger. Each Iridium share will be exchanged for $27.00 in cash plus Rocket Lab stock based on an exchange ratio with a notional value of $54.00 per share, implying an approximately $8.0 billion enterprise value.
The deal, unanimously approved by both boards, is structured as a two-step merger and is generally intended to be tax-free if stock-to-cash value thresholds are met. Closing is targeted for mid-2027, subject to Iridium stockholder approval, antitrust and communications regulatory clearances, and effectiveness of a Form S-4 registration statement. Iridium will be delisted after completion.
Iridium equity awards will be assumed or cashed out, and Rocket Lab has secured a $3.6 billion bridge loan to help fund the cash portion. The agreement includes a $223.62 million termination fee payable by Iridium in specified circumstances and customary no-shop and support agreements, with Iridium directors committing approximately 1.6% of the stock to vote in favor of the merger.
Iridium Communications Inc. held its 2026 annual meeting, where stockholders approved an Amended and Restated 2015 Equity Incentive Plan and routine governance items. The plan reserves a maximum of 42,947,991 shares of common stock for options and other equity awards, plus certain shares from a prior plan. Of 105,717,973 shares outstanding as of March 23, 2026, 85,797,450 shares, or about 81.2%, were present or represented by proxy. All eleven director nominees were elected, executive compensation received advisory approval, and KPMG LLP was ratified as independent auditor for 2026. The board also declared a cash dividend of $0.15 per share, payable on June 30, 2026, to stockholders of record on June 15, 2026.
Iridium Communications Inc. has agreed to acquire the remaining 61% equity interest in Aireon Holdings LLC that it does not already own for approximately $366.7 million. After closing, Iridium will indirectly own all of Aireon, which operates the world’s only space-based ADS-B air traffic surveillance system.
The price will be paid 50% in cash at closing and 50% one year later via a seller loan documented in a Credit and Guaranty Agreement. That loan will total $183.36 million, bear no interest, and be secured by a first‑priority lien on Aireon’s equity. Iridium will also assume Aireon debt expected at $155.0 million with interest at SOFR + 6.25%.
Iridium expects Aireon to add at least an annualized $100 million of service revenue and $30 million of OEBITDA, and projects its net leverage will rise to about 4.0 times OEBITDA in Q3 2026 before declining over the following year. The deal is subject to customary closing conditions, including required regulatory approvals.
Iridium Communications Inc. reported first quarter 2026 revenue of $219.1 million, up 2% year over year, including $158.0 million of service revenue and $61.0 million from equipment, engineering and support.
Net income was $21.6 million, or $0.20 per diluted share, down from $30.4 million a year earlier, while Operational EBITDA was $116.3 million versus $122.1 million. Total billable subscribers grew 5% to 2.555 million, led by commercial IoT.
The company ended the quarter with net debt of about $1.7 billion and net leverage of 3.4 times trailing twelve months Operational EBITDA. Iridium paid a quarterly dividend of $0.15 per share, totaling $16.5 million, and reiterated 2026 guidance for flat to 2% service revenue growth and Operational EBITDA of $480–$490 million.
Iridium Communications Inc. declared a cash dividend for its common stock. The Board of Directors approved a dividend of $0.15 per share, providing direct cash to shareholders. The dividend will be paid on March 31, 2026 to stockholders who are on record as of March 16, 2026.
Iridium Communications Inc. updated its executive compensation structure by approving a new Annual Performance Bonus Plan and an Executive Severance Plan effective for performance periods beginning on or after January 1, 2026. The bonus plan covers eligible employees and certain consultants, including the CEO, CFO and other named executive officers.
Under the bonus plan, awards are based on a target bonus tied to base salary, then adjusted by corporate and individual performance factors, with personal performance ranging from 0% to 150% and payouts capped at 200% of target. Awards may be paid in cash, RSUs, or a mix, and are subject to the company’s recoupment policy.
The severance plan provides defined cash severance, prorated target bonus, COBRA premium coverage for up to 12 months, and treatment of equity for qualifying terminations without cause or for good reason. In a change in control termination within a three‑month pre‑closing or 24‑month post‑closing window, executives may receive enhanced lump‑sum cash severance based on salary and target bonus, continued COBRA benefits, prior‑year earned bonus, and full accelerated vesting of outstanding equity awards, subject to release and restrictive covenant conditions.
Iridium Communications Inc. reported modest growth for 2025 and issued cautious 2026 guidance. Full-year 2025 revenue was $871.7 million, up 5%, driven by service revenue of $634.0 million. Net income was $114.4 million, slightly above 2024, while diluted EPS rose to $1.06 from $0.94, helped by a lower share count.
Operational EBITDA increased 5% to $495.3 million. Fourth-quarter 2025 revenue was $212.9 million, essentially flat year over year, with net income of $24.9 million versus $36.3 million a year earlier. Total billable subscribers reached 2.537 million, up 3%, led by commercial IoT.
For 2026, Iridium projects total service revenue growth of flat to 2% and expects Operational EBITDA of $480–$490 million, lower than 2025 mainly because incentive compensation will be paid entirely in cash. Management targets net leverage at or below 3.0x OEBITDA by the end of 2026.
Iridium Communications Inc. furnished a current report announcing it issued a press release with financial results for the third quarter ended September 30, 2025. The press release is included as Exhibit 99.1 and, consistent with Item 2.02 of Form 8-K, the information is deemed furnished and not filed. The company’s common stock trades on Nasdaq under the symbol IRDM. The report was signed by Chief Financial Officer Vincent J. O’Neill on October 23, 2025.
Iridium Communications Inc. (IRDM) filed an 8-K dated 24 Jul 2025. Under Item 2.02, the company furnished a press release (Ex. 99.1) containing its Q2-25 financial results; the detailed numbers are not included in this filing and are therefore considered “furnished” rather than “filed.”
Item 7.01 discloses a dividend increase: on 23 Jul 2025 the Board declared a cash dividend of $0.15 per share, up from $0.14 in the prior quarter. The dividend will be paid 30 Sep 2025 to shareholders of record on 15 Sep 2025, continuing annual per-share dividend growth since the program’s 2023 inception.
No other material events, guidance changes, or financial metrics are provided within the body of the 8-K.