Business Context and Reporting Period
This Form 8-K filing by Iridium Communications Inc. is dated November 21, 2016. The report serves as a 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, 2016, through December 15, 2016
- Record Date: December 1, 2016
- Payment Date: December 15, 2016
Material Changes
The filing does not report material changes to the company's financial position, operations, or capital structure compared to prior periods, other than the scheduled declaration of the preferred stock dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The document is limited strictly to the announcement of the dividend payment details.
Investor Verification Checklist
- Verify the record date of December 1, 2016, to confirm eligibility for the $4.21875 per share dividend.
- Confirm the payment date of December 15, 2016, 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.