IBM Files Definitive Proxy Statement

TL;DR

IBM filed its proxy statement, time to vote your shares!

AI Summary

International Business Machines Corporation (IBM) filed a Definitive Proxy Statement (DEFA14A) on April 5, 2024. This filing is a standard proxy statement, indicating that IBM is soliciting votes from its shareholders for an upcoming meeting. The document does not contain specific proposals or financial details beyond its nature as a proxy solicitation.

Why It Matters

This filing is a routine but essential step for publicly traded companies like IBM to communicate with shareholders and gather their votes for corporate decisions.

Risk Assessment

Risk Level: low — This is a routine administrative filing for a proxy statement, not indicating any specific financial or operational risks.

Key Players & Entities

• INTERNATIONAL BUSINESS MACHINES CORP (company) — Registrant
• IBM (company) — Commonly known name for Registrant
• 0001104659-24-043926.txt (document) — Accession Number

FAQ

From the Filing

0001104659-24-043926.txt : 20240405 0001104659-24-043926.hdr.sgml : 20240405 20240405073712 ACCESSION NUMBER: 0001104659-24-043926 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20240405 DATE AS OF CHANGE: 20240405 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: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-02360 FILM NUMBER: 24824762 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 DEFA14A 1 tm2411169d1_defa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material under §240.14a-12 International Business Machines Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): x No fee required. ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. April 2024 Dear IBM Stockholder, As the independent Lead Director and the Chairs of the Committees of the IBM Board of Directors, we are writing to you on behalf of the entire Board to thank you for your support and your investment in IBM. We also want to share our perspective on the Company and the Board’s role in driving long-term stockholder value. In the past year, the Company continued gaining momentum and delivering innovations in AI and hybrid cloud, all while also ensuring that sound governance and executive compensation practices are in place and transparent to you, our stockholders. Technology and Expertise 2023 was an important year of growth for IBM. With your Board’s oversight, IBM continued to take meaningful action to strengthen its position as a leader in hybrid cloud and AI through refining our portfolio, expanding our ecosystem of partners, and enhancing productivity throughout the Company. The Company launched watsonx, its flagship AI and data platform and also unveiled innovations in quantum computing. Notable achievements in 2023 include: · Delivering $61.9 billion of revenue, with broad-based growth and approximately 75% of revenue coming from higher growth Software and Consulting segments; · Generating $13.9 billion of cash from operations, up $3.5 billion year-to-year; · Continuing to invest in future growth, including over $5 billion spent to acquire 9 companies across Software and Consulting to expand IBM’s hybrid cloud and AI offerings and capabilities; and · Raising the dividend for the 28 th consecutive year – IBM’s 108 th straight year of providing one – returning $6 billion to stockholders. We are pleased to report that IBM is well-positioned for continued success in 2024. Trust and Transparency We know that you, our stockholders, value IBM’s long-standing pursuit of the highest standards of corporate responsibility, trust, and transparency. We are aware of the profound impact that technologies