SEC Filing Summary: Iridium Communications Inc. (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Iridium Communications Inc. on February 24, 2016. The report discloses a corporate action regarding the company's preferred stock under Item 7.01 (Regulation FD Disclosure).
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 a cash dividend declaration:
- Dividend Amount: $4.21875 per share.
- Security: 6.75% Series B Cumulative Perpetual Convertible Preferred Stock.
- Dividend Period: December 16, 2015, through March 15, 2016.
- Payment Date: March 15, 2016.
- Record Date: March 1, 2016.
Material Changes
The filing reports a routine quarterly dividend payment obligation for the Series B Preferred Stock. No material changes to the company's operations, financial condition, or capital structure beyond this scheduled payment are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. The document is limited strictly to the announcement of the dividend declaration.
Investor Verification Checklist
- Verify the record date of March 1, 2016, to confirm eligibility for the dividend.
- Confirm the payment date of March 15, 2016, for cash flow planning.
- Review the company's most recent 10-Q or 10-K for broader financial performance metrics not included in this 8-K.