Business Context and Reporting Period
This Form 8-K filing by Iridium Communications Inc. is dated November 20, 2015. The report serves as a current disclosure under Item 7.01 (Regulation FD Disclosure) regarding a corporate action taken by the Board of Directors.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to a dividend declaration:
- Security: 6.75% Series B Cumulative Perpetual Convertible Preferred Stock.
- Dividend Amount: $4.21875 per share.
- Dividend Period: September 16, 2015, through December 15, 2015.
- Payment Date: December 15, 2015.
- Record Date: December 1, 2015.
Material Changes
The filing does not report material changes to the company's financial position, operations, or liquidity compared to prior periods. The sole material event is the declaration of the quarterly dividend on the Series B Preferred Stock.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a procedural announcement of a dividend payment.
Investor Verification Checklist
- Verify the record date of December 1, 2015, to confirm eligibility for the dividend.
- Confirm the payment date of December 15, 2015, for cash flow planning.
- Review the terms of the 6.75% Series B Cumulative Perpetual Convertible Preferred Stock to understand conversion rights and cumulative dividend obligations.