Iridium Communications Adopts Forum Bylaw; Declares $0.15 Dividend

What Happened
Iridium Communications Inc. filed an 8-K on August 10, 2026 announcing two board actions. The Board adopted Amended and Restated Bylaws effective August 10, 2026 that add a forum-selection provision. The Board also declared a cash dividend of $0.15 per common share, payable September 30, 2026 to shareholders of record as of September 15, 2026.

Key Details

• The sole change to the bylaws is a forum-selection clause: unless Iridium consents in writing to a different forum, (i) the Court of Chancery of the State of Delaware (or, if it lacks jurisdiction, the U.S. District Court for the District of Delaware) is the exclusive forum for derivative suits, fiduciary-duty claims, claims under Delaware law or the company’s charter or bylaws, and other internal-affairs claims; and (ii) federal district courts of the United States are the exclusive forum for claims arising under the Securities Act of 1933.
• Dividend: $0.15 per share; declared August 10, 2026; payable September 30, 2026; record date September 15, 2026.
• The Amended and Restated Bylaws are filed as Exhibit 3.1 to the 8-K.

Why It Matters
For investors, the forum-selection provision channels many corporate and internal-affairs lawsuits to Delaware courts and directs Securities Act claims to federal courts, which can affect where litigation is brought and managed. The declared $0.15/share cash dividend is a near-term cash return to common shareholders with a set record date and payment date.