Short answer
Iridium Communications Inc (IRDM) filed an 8-K current report with the SEC on February 27, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New Annual Bonus Plan caps payouts at 200% of target; personal performance factor ranges 0%–150%; awards payable in cash, RSUs, or both.
Iridium Communications Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New Annual Bonus Plan caps payouts at 200% of target; personal performance factor ranges 0%–150%; awards payable in cash, RSUs, or both
- CEO severance (non-CIC): 18 months base salary + prorated target bonus paid in installments + up to 12 months COBRA
- Other NEOs severance (non-CIC): 12 months base salary + prorated target bonus in installments + up to 12 months COBRA
- Change-in-control termination triggers enhanced payout: CEO at 2X (salary + target bonus) lump sum; NEOs at 1.5X, plus 100% accelerated equity vesting
- CIC protection window broad: covers terminations 3 months before through 24 months after a change in control
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Iridium Communications Inc 8-K filings
Get the next IRDM 8-K as it lands
Follow IRDM for push alerts, or ask the research agent what this filing means.