Pitney Bowes Appoints New CFO, Jason Kaltenbach
Ticker: PBI-PB · Form: 8-K · Filed: Aug 29, 2024 · CIK: 78814
| Field | Detail |
|---|---|
| Company | Pitney Bowes Inc /De/ (PBI-PB) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment, compensation
Related Tickers: PBI
TL;DR
Pitney Bowes gets a new CFO, Jason Kaltenbach, starting Sept 3rd. Old CFO out.
AI Summary
Pitney Bowes Inc. announced on August 23, 2024, the appointment of Jason D. Kaltenbach as Chief Financial Officer, effective September 3, 2024. He will receive an annual base salary of $475,000 and is eligible for a discretionary annual bonus. Additionally, the company reported on the departure of its former CFO, Michael L. Monahan.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $475,000 — New CFO Annual Salary (This is the base salary for the incoming Chief Financial Officer.)
Key Players & Entities
- Pitney Bowes Inc. (company) — Company filing the report
- Jason D. Kaltenbach (person) — Newly appointed Chief Financial Officer
- $475,000 (dollar_amount) — Annual base salary for the new CFO
- September 3, 2024 (date) — Effective date for the new CFO
- Michael L. Monahan (person) — Departing Chief Financial Officer
FAQ
What is Jason D. Kaltenbach's starting salary?
Jason D. Kaltenbach's annual base salary will be $475,000.
When does Jason D. Kaltenbach officially start as CFO?
Jason D. Kaltenbach's appointment is effective September 3, 2024.
Who is the departing CFO?
Michael L. Monahan is the departing Chief Financial Officer.
Is the new CFO eligible for a bonus?
Yes, Jason D. Kaltenbach is eligible for a discretionary annual bonus.
What is the company's ticker symbol?
The filing does not explicitly state the ticker symbol, but the company is Pitney Bowes Inc. (PBI).
Filing Stats: 845 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-08-29 08:12:44
Key Financial Figures
- $1 — ange on Which Registered Common Stock, $1 par value per share PBI New York Stock
- $100,000 — e payment to Mr. Witek in the amount of $100,000 on or before September 7, 2024 that is
Filing Documents
- pbi-20240823.htm (8-K) — 28KB
- 0000078814-24-000059.txt ( ) — 188KB
- pbi-20240823.xsd (EX-101.SCH) — 3KB
- pbi-20240823_def.xml (EX-101.DEF) — 15KB
- pbi-20240823_lab.xml (EX-101.LAB) — 27KB
- pbi-20240823_pre.xml (EX-101.PRE) — 16KB
- pbi-20240823_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/ Lauren Freeman-Bosworth Name: Lauren Freeman-Bosworth Date: August 29, 2024 Title: Executive Vice President, General Counsel and Corporate Secretary