Iridium Communications (IRDM) Proxy filing summary

Executive summary

• The 2026 annual meeting will be held virtually on May 20, 2026, with voting rights for shareholders of record as of March 23, 2026.

• Four key proposals are up for vote: election of 11 directors, advisory say-on-pay, ratification of KPMG as auditor, and approval of the amended 2015 Equity Incentive Plan.

• Proxy materials include the 2026 Proxy Statement, 2025 Annual Report, and proxy card, with voting available online, by phone, or by mail.

Voting matters and shareholder proposals

• Shareholders will vote on the election of 11 director nominees, all current directors, for one-year terms.

• Advisory vote on executive compensation (say-on-pay) is held annually, with the next scheduled for 2027.

• Ratification of KPMG LLP as independent auditor for fiscal year ending December 31, 2026.

• Approval sought for the Amended and Restated 2015 Equity Incentive Plan, increasing shares available for issuance by 4,850,000.

Board of directors and corporate governance

• Board will be reduced from 12 to 11 members; recent refreshment includes three new directors in the past three years.

• Nine of eleven nominees are independent under Nasdaq standards; all board committees are fully independent.

• Board leadership is separated, with an independent Chairman.

• Board met four times in 2025; all members attended at least 75% of meetings.

• Committees: Audit (4 meetings), Compensation (5), Nominating and Corporate Governance (3).

• Corporate Governance Guidelines and Code of Ethics are in place; robust insider trading and anti-hedging policies.