SEC Filing Summary: Iridium Communications Inc. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Iridium Communications Inc. on August 18, 2014. The report discloses a corporate action regarding the company's 6.75% Series B Cumulative Perpetual Convertible Preferred Stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial figure disclosed is the dividend declaration:
- Dividend Amount: $5.71875 per share.
- Stock Class: 6.75% Series B Cumulative Perpetual Convertible Preferred Stock.
- Dividend Period: Prorated from the original issuance date (May 14, 2014) through the payment date.
Material Changes
The material change reported is the declaration of a cash dividend by the Board of Directors. This represents a cash outflow obligation for the company to preferred shareholders.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend event.
Important Facts for Investors to Verify
- Payment Date: September 15, 2014.
- Record Date: September 1, 2014 (shareholders must be on record by this date to receive the dividend).
- Dividend Nature: The payment is a prorated amount covering the period from issuance (May 14, 2014) to the payment date.