Iridium Communications Inc. (NASDAQ:IRDM) held its 2026 Annual Meeting of Stockholders on Wednesday, where shareholders approved several proposals, including the company’s Amended and Restated 2015 Equity Incentive Plan and a quarterly cash dividend.
According to an SEC filing, approximately 81.2% of outstanding shares were represented at the meeting. Key actions include approval of the equity plan and dividend.
In recent news, Iridium reported Q1 2026 earnings with EPS of $0.20, missing the $0.33 forecast by 39.39%. However, revenue slightly exceeded expectations at $219.1 million versus $218.93 million forecast.
Iridium also announced a definitive agreement to acquire the remaining 61% stake in Aireon LLC for about $366.7 million. Raymond James downgraded the stock from Outperform to Market Perform. New Street Research initiated coverage with a Neutral rating and $40.00 price target.
