Company: IRDM
Filing Date: 2025-12-04
Form Type: 8-K
Source: 0001418819-25-000012
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Company: Iridium Communications Inc.
Filing Date: 2025-12-04
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 4, 2025, the Board of Directors (the “ Board”) of Iridium Communications Inc. (the “ Company”) appointed Louis M. Alterman as an independent director of the Company, effective immediately, and increased the size of the Board to twelve. Mr. Alterman’s initial term is scheduled to expire at the Company’s 2026 annual meeting of stockholders.

Mr. Alterman, age 48, has served as president, chief executive officer and board member of Stratix Corporation, a mobility services provider, since 2019. From 2017 to 2019, Mr. Alterman served as chief financial officer of Rackspace (now Rackspace Technology), a global cloud technology services company. Prior to Rackspace, Mr. Alterman held numerous roles of increasing responsibility at EarthLink, a telecommunications provider, from 2003 to 2017, including chief financial officer from 2015 to 2017. Earlier in his career, from 1999 to 2003, he worked at BellSouth (now part of AT& T). Mr. Alterman currently serves on the board of directors of Diversified, a global technology solutions provider. He previously served on the board of directors of CareerBuilder from 2018 to 2022. Mr. Alterman received his Master of Business Administration from Emory University’s Goizueta Business School and holds a bachelor’s degree in business administration from the University of Georgia.

The Board determined that Mr. Alterman is an “independent director” in accordance with Nasdaq listing standards and the rules and regulations of the Securities and Exchange Commission (“ SEC”). There is no arrangement or understanding between Mr. Alterman and any other person pursuant to which he was selected as a director of the Company, and there is no family relationship between Mr. Alterman and any of the Company’s other directors or executive officers. The Company is not aware of any transaction involving Mr. Alterman requiring disclosure under Item 404(a) of Regulation S-K.

For his service on the Board, Mr. Alterman will receive the Company’s standard compensation for non-employee directors in accordance with the Non-Employee Director Compensation Plan dated December 5, 2024, which is filed asExhibit 10.26 to the Company’s Annual Report on Form 10-K for the