Company: IRDM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015183
Chunk: 74

Company: Iridium Communications Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 74
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, we provide an overview of our business and 2024 performance highlights, discuss certain aspects of our executive compensation program, and discuss the response of our Compensation Committee to the 2024 stockholder advisory vote on named executive officer compensation.

2. Executive Compensation Program (page 47) . In this section, we describe our executive compensation philosophy, the use of a compensation consultant and peer group data, and the material components of our executive compensation program. We also describe the reasons for providing, and manner of structuring, the key compensation elements in 2024.

3. Other Executive Compensation Matters (page 58) . In this section, we provide an overview of our policies related to equity compensation grants, minimum stock ownership, change in control, severance and employee benefits, and executive compensation clawbacks. We also review the accounting and tax treatment of compensation and the relationship between our compensation program and risk.

#### Executive Summary
Business Overview . We are engaged primarily in providing mobile voice and data communications services using a constellation of orbiting satellites. We are the only commercial provider of communications services offering true global coverage, connecting people, organizations and assets to and from anywhere, in real time. Our low-earth orbit (LEO) satellite network provides reliable, weather-resilient communications services to regions of the world where terrestrial wireless or wireline networks do not exist or are limited, including remote land areas, open ocean, airways, the polar regions and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters.

We provide voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via our satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure. We utilize an interlinked mesh architecture to route traffic across the satellite constellation using radio frequency crosslinks between satellites. This unique architecture minimizes the need for ground facilities to support the constellation, which facilitates the global reach of our services and allows us to offer services in countries and regions where we have no physical presence.

Our constellation supports broadband and midband offerings like Iridium Certus ® , innovative products in Internet of Things, or IoT, like the Iridium Edge ® line, and cloud connectivity with Iridium ® CloudConnect. We continue to introduce new products and services, including the Iridium Certus TM 9704, our newest IoT module, and the launch of Iridium Certus GMDSS, an advancement in maritime satellite communication safety services.

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