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 11, 2016. The report discloses a corporate action regarding the declaration of a cash dividend on the company's preferred stock.
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 the dividend declaration:
- Security: 6.75% Series B Cumulative Perpetual Convertible Preferred Stock
- Dividend Amount: $4.21875 per share
- Dividend Period: June 16, 2016 through September 15, 2016
- Payment Date: September 15, 2016
- Record Date: September 1, 2016
Material Changes
The filing does not report material changes to the company's financial position, operations, or capital structure other than the scheduled dividend payment obligation.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. It is a routine disclosure under Regulation FD regarding a dividend declaration.
Investor Verification Checklist
- Confirm the record date of September 1, 2016, to ensure eligibility for the dividend.
- Verify the payment date of September 15, 2016, for cash flow planning.
- Review the terms of the 6.75% Series B Cumulative Perpetual Convertible Preferred Stock for conversion rights and cumulative dividend features.
- Note that this filing does not contain updated operational or financial performance data; refer to the most recent 10-Q or 10-K for those metrics.