IBM Files 8-K on Executive Changes/Compensation

Ticker: IBM · Form: 8-K · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, compensation, corporate-governance

TL;DR

**IBM just filed an 8-K about executive changes or pay, keep an eye out for details.**

AI Summary

INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) filed an 8-K on February 1, 2024, reporting an event that occurred on January 29, 2024. This filing, under Item 5.02, pertains to "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers." While the specific details of the personnel change or compensatory arrangement are not provided in this excerpt, this type of filing is important for investors as changes in leadership or executive compensation can signal shifts in company strategy or financial health, potentially impacting future stock performance.

Why It Matters

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

Risk Assessment

Risk Level: medium — Without specific details on the executive changes or compensation, the impact on the company's operations and stock price remains uncertain, posing a moderate risk.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes or compensation arrangements mentioned in this 8-K, as these details will determine the actual impact on the company.

Key Numbers

January 29, 2024 — Date of earliest event reported (The date the event described in the 8-K occurred.)
February 1, 2024 — Filed as of date (The date the 8-K filing was submitted to the SEC.)
001-02360 — SEC File Number (The unique identifier for IBM's filings with the SEC.)
1.125% — Interest rate (Rate for IBM Notes due 2024 (IBM 24A).)
2.875% — Interest rate (Rate for IBM Notes due 2025 (IBM 25A).)
0.950% — Interest rate (Rate for IBM Notes due 2025 (IBM 25B).)
0.875% — Interest rate (Rate for IBM Notes due 2025 (IBM 25C).)

Key Players & Entities

INTERNATIONAL BUSINESS MACHINES CORPORATION (company) — the registrant filing the 8-K
IBM (company) — the trading symbol for the registrant
New York Stock Exchange (company) — where IBM's capital stock and notes are registered
NYSE Chicago (company) — another exchange where IBM's capital stock is registered

Forward-Looking Statements

IBM will release further details regarding the executive changes or compensatory arrangements. (INTERNATIONAL BUSINESS MACHINES CORPORATION) — high confidence, target: Within the next 30-60 days
The market will react to the specific details of the executive changes once they are disclosed. (IBM stock price) — medium confidence, target: Upon disclosure of details

FAQ

What is the purpose of an 8-K filing for INTERNATIONAL BUSINESS MACHINES CORPORATION?

An 8-K filing, like this one from INTERNATIONAL BUSINESS MACHINES CORPORATION, is used to announce major events that shareholders should know about, such as the "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" as indicated by Item 5.02.

When did the event reported in this 8-K filing occur?

The earliest event reported in this 8-K filing occurred on January 29, 2024, as stated in the document.

What specific item number under Form 8-K is this filing related to?

This filing is related to Item 5.02, which covers "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers."

Where is INTERNATIONAL BUSINESS MACHINES CORPORATION's principal executive office located?

INTERNATIONAL BUSINESS MACHINES CORPORATION's principal executive office is located at One New Orchard Road, Armonk, New York 10504, according to the filing.

What is the trading symbol for INTERNATIONAL BUSINESS MACHINES CORPORATION's capital stock?

The trading symbol for INTERNATIONAL BUSINESS MACHINES CORPORATION's capital stock is IBM, and it is registered on the New York Stock Exchange and NYSE Chicago.

From the Filing

0001104659-24-009477.txt : 20240201 0001104659-24-009477.hdr.sgml : 20240201 20240201162105 ACCESSION NUMBER: 0001104659-24-009477 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240129 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP CENTRAL INDEX KEY: 0000051143 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 130871985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02360 FILM NUMBER: 24587233 BUSINESS ADDRESS: STREET 1: 1 NEW ORCHARD ROAD CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9144991900 MAIL ADDRESS: STREET 1: 1 NEW ORCHARD RD CITY: ARMONK STATE: NY ZIP: 10504 8-K 1 tm244921d1_8k.htm FORM 8-K       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  Date of Report: January 29, 2024 (Date of earliest event reported)       INTERNATIONAL BUSINESS MACHINES CORPORATION (Exact name of registrant as specified in its charter)       New York   1-2360   13-0871985 (State of Incorporation)   (Commission File Number)   (IRS employer Identification No.)   One New Orchard Road     Armonk , New York   10504 (Address of principal executive offices)   (Zip Code)   914-499-1900 (Registrant’s telephone number)     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 Capital stock, par value $.20 per share   IBM   New York Stock Exchange         NYSE Chicago 1.125% Notes due 2024   IBM 24A   New York Stock Exchange 2.875% Notes due 2025   IBM 25A   New York Stock Exchange 0.950% Notes due 2025   IBM 25B   New York Stock Exchange 0.875% Notes due 2025   IBM 25C   New York Stock Exchange 0.300% Notes due 2026   IBM 26B   New York Stock Exchange 1.250% Notes due 2027   IBM 27B   New York Stock Exchange 3.375% Notes due 2027   IBM 27F   New York Stock Exchange 0.300% Notes due 2028   IBM 28B   New York Stock Exchange 1.750% Notes due 2028   IBM 28A   New York Stock Exchange 1.500% Notes due 2029   IBM 29   New York Stock Exchange 0.875% Notes due 2030   IBM 30   New York Stock Exchange 1.750% Notes due 2031   IBM 31   New York Stock Exchange 3.625% Notes due 2031   IBM 31B   New York Stock Exchange 0.650% Notes due 2032   IBM 32A   New York Stock Exchange 1.250% Notes due 2034   IBM 34   New York Stock Exchange 3.750% Notes due 2035   IBM 35   New York Stock Exchange 4.875% Notes due 2038   IBM 38   New York Stock Exchange 1.200% Notes due 2040   IBM 40   New York Stock Exchange 4.000% Notes due 2043   IBM 43   New York St