HP Inc. Elects New Directors, Discloses Executive Compensation

TL;DR

HP adds 2 new board members, exec comp details filed.

AI Summary

HP Inc. announced on June 25, 2024, changes to its Board of Directors, including the election of two new directors, Maria Martinez and Tracy Wolstencroft, effective immediately. The company also disclosed compensatory arrangements for its named executive officers, though specific dollar amounts for these arrangements were not detailed in this filing. These changes are part of HP Inc.'s ongoing corporate governance and executive compensation practices.

Why It Matters

Changes in board composition can signal shifts in strategic direction or governance focus, while executive compensation details are closely watched by investors for alignment with company performance.

Risk Assessment

Risk Level: low — This filing primarily concerns routine board changes and executive compensation disclosures, which are standard corporate events.

Key Players & Entities

• HP Inc. (company) — Registrant
• Maria Martinez (person) — Newly Elected Director
• Tracy Wolstencroft (person) — Newly Elected Director
• Delaware (jurisdiction) — State of Incorporation
• 1501 Page Mill Road, Palo Alto, California 94304 (address) — Principal Executive Offices
• June 25, 2024 (date) — Date of Report

FAQ

From the Filing

0001140361-24-031387.txt : 20240626 0001140361-24-031387.hdr.sgml : 20240626 20240626090825 ACCESSION NUMBER: 0001140361-24-031387 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240625 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240626 DATE AS OF CHANGE: 20240626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HP INC CENTRAL INDEX KEY: 0000047217 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 941081436 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04423 FILM NUMBER: 241070845 BUSINESS ADDRESS: STREET 1: 1501 PAGE MILL ROAD CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 6508571501 MAIL ADDRESS: STREET 1: 1501 PAGE MILL ROAD CITY: PALO ALTO STATE: CA ZIP: 94304 FORMER COMPANY: FORMER CONFORMED NAME: HEWLETT PACKARD CO DATE OF NAME CHANGE: 19920703 8-K 1 ef20031662_8k.htm 8-K false 0000047217 0000047217 2024-06-25 2024-06-25 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 June 25, 2024 Date of Report (Date of Earliest Event Reported)     HP Inc . (Exact name of registrant as specified in its charter)   Delaware 1-4423 94-1081436 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1501 Page Mill Road , Palo Alto , California 94304 (Address of principal executive offices) (Zip code) ( 650 ) 857-1501 (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, par value $0.01 per share HPQ New York Stock Exchange 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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).   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 Arrangement of Certain Officers.   (b) Timothy Brown will step down as interim Chief Financial Officer of HP Inc. (“HP”) effective upon HP’s appointment of a new Chief Financial Officer on August 5, 2024, as disclosed below. Mr. Brown will return to his previous position as head of Print Finance. (c) On June 25, 2024, HP appointed Karen Parkhill as its Chief Financial Officer, effective August 5, 2024 (the “Start Date”), to succeed Mr. Brown. Ms. Parkhill, age 58, currently serves as Executive Vice President and Chie