QUALCOMM Files 8-K on Executive/Director Changes, Compensation

TL;DR

**QUALCOMM filed an 8-K about executive changes and compensation, but the details aren't public yet.**

AI Summary

QUALCOMM Incorporated filed an 8-K on January 23, 2024, reporting an event that occurred on January 22, 2024, related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' While the filing indicates a change in executive or director compensation or roles, the specific details of who departed, who was elected, or what compensatory arrangements were made are not provided in this initial filing. This matters to investors because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: low — This filing is purely administrative, indicating an event occurred without disclosing specific details, thus posing minimal immediate risk.

Analyst Insight

A smart investor would monitor for subsequent filings or press releases from QUALCOMM that provide the specific details of the executive changes or compensation arrangements, as these specifics will determine the actual impact on the company.

Key Players & Entities

• QUALCOMM Incorporated (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for QUALCOMM
• The Nasdaq Stock Market LLC (company) — exchange where QUALCOMM's common stock is registered

Forward-Looking Statements

• QUALCOMM will file an amendment or a subsequent filing detailing the specific executive or director changes and compensation arrangements. (QUALCOMM Incorporated) — high confidence, target: 2024-02-22

FAQ

From the Filing

0000804328-24-000005.txt : 20240123 0000804328-24-000005.hdr.sgml : 20240123 20240123160317 ACCESSION NUMBER: 0000804328-24-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240122 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUALCOMM INC/DE CENTRAL INDEX KEY: 0000804328 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 953685934 STATE OF INCORPORATION: DE FISCAL YEAR END: 0924 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19528 FILM NUMBER: 24552484 BUSINESS ADDRESS: STREET 1: 5775 MOREHOUSE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8585871121 MAIL ADDRESS: STREET 1: 5775 MOREHOUSE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 8-K 1 qcom-20240122.htm 8-K qcom-20240122 QUALCOMM INC/DE 0000804328 false 5775 Morehouse Drive San Diego California 0000804328 2024-01-22 2024-01-22 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 January 22, 2024 Date of Report (Date of earliest event reported) QUALCOMM Incorporated (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 000-19528 95-3685934 (Commission File Number) (IRS Employer Identification No.) 5775 Morehouse Drive , San Diego , California 92121 (Address of principal executive offices) (Zip Code) 858 - 587-1121 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value   QCOM The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐ Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (c) On January 22, 2024, the Board of Directors (the “Board”) of QUALCOMM Incorporated (the “Company”), appointed Akash Palkhiwala, the Company’s Chief Financial Officer, to also serve as the Company’s Chief Operating Officer, effective immediately. In this expanded role, Mr. Palkhiwala will now also be responsible for the global go-to-market organization and operations. Mr. Palkhiwala will continue to serve as the Company’s Chief Financial Officer, a position he has held since November 2019. Information regarding Mr. Pa