Pitney Bowes CFO Departs, Interim Appointed; Credit Facility Amended
Ticker: PBI-PB · Form: 8-K · Filed: Mar 4, 2024 · CIK: 78814
| Field | Detail |
|---|---|
| Company | Pitney Bowes Inc /De/ (PBI-PB) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: cfo-departure, credit-facility, interim-appointment
Related Tickers: PBI
TL;DR
PB CFO OUT, interim IN. New credit deal done.
AI Summary
Pitney Bowes Inc. announced on February 27, 2024, the departure of its Chief Financial Officer, Ana M. Pardo, effective March 1, 2024. The company also appointed Michael L. Monahan as interim CFO. Additionally, the company entered into a new credit agreement on February 27, 2024, amending its existing revolving credit facility.
Why It Matters
The departure of a CFO and changes to credit facilities can signal shifts in financial strategy or stability, impacting investor confidence and the company's ability to manage its debt.
Risk Assessment
Risk Level: medium — Changes in key financial leadership and amendments to credit agreements can indicate underlying financial pressures or strategic shifts that warrant closer investor scrutiny.
Key Numbers
- 06-0495050 — IRS Employer Identification No. (Company identifier)
- 001-03579 — SEC File Number (Company identifier)
Key Players & Entities
- Pitney Bowes Inc. (company) — Registrant
- Ana M. Pardo (person) — Departing Chief Financial Officer
- Michael L. Monahan (person) — Interim Chief Financial Officer
- February 27, 2024 (date) — Date of credit agreement and earliest event reported
- March 1, 2024 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer?
Michael L. Monahan has been appointed as the interim Chief Financial Officer.
When is Ana M. Pardo's departure as CFO effective?
Ana M. Pardo's departure as CFO is effective March 1, 2024.
What is the date of the reported event?
The date of the earliest event reported is February 27, 2024.
What type of credit agreement was amended?
The company entered into a new credit agreement amending its existing revolving credit facility.
In which state is Pitney Bowes Inc. incorporated?
Pitney Bowes Inc. is incorporated in Delaware.
Filing Stats: 439 words · 2 min read · ~1 pages · Grade level 10.1 · Accepted 2024-03-04 08:47:18
Key Financial Figures
- $1 — ange on Which Registered Common Stock, $1 par value per share PBI New York Stock
Filing Documents
- pbi-20240227.htm (8-K) — 25KB
- 0000078814-24-000008.txt ( ) — 186KB
- pbi-20240227.xsd (EX-101.SCH) — 3KB
- pbi-20240227_def.xml (EX-101.DEF) — 15KB
- pbi-20240227_lab.xml (EX-101.LAB) — 30KB
- pbi-20240227_pre.xml (EX-101.PRE) — 16KB
- pbi-20240227_htm.xml (XML) — 4KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits 104 The cover page of Pitney Bowes Inc.'s Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Pitney Bowes Inc. By: /s/ Jason C. Dies Name: Jason C. Dies Date: March 4, 2024 Title: Interim Chief Executive Officer