Iridium Communications Inc. - 8-K Filing
Iridium Communications Inc. completed its acquisition of the remaining 61% stake in Aireon Holdings LLC for $366.7 million on July 2, 2026, paying half in cash and deferring the remainder as a loan from sellers. The company also assumed Aireon’s existing credit facility with $154.7 million outstanding under its Credit and Guaranty Agreement maturing October 10, 2028. Additionally, Vincent J. O’Neill (CFO) received a $409,999.98 retention award and Kathleen A. Morgan (Chief Legal Officer) received an $873,036.32 retention award in connection with the pending acquisition by Rocket Lab. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance-Sheet Arrangement of Registrant, 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi, 7.01 Regulation FD Disclosure)
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