BlackBerry CFO Departs; New Interim CFO Appointed

TL;DR

CFO Steve Capelli out Oct 1, Michael Wallace interim. Mark Wilson's new deal: $350k base + bonus.

AI Summary

BlackBerry Limited announced on September 26, 2024, the departure of its Chief Financial Officer, Steve Capelli, effective October 1, 2024. The company has appointed Michael Wallace as interim CFO. Additionally, BlackBerry has entered into a new employment agreement with its Chief Legal Officer, Mark Wilson, effective September 26, 2024, which includes a base salary of $350,000 and potential for a performance-based bonus.

Why It Matters

The departure of a CFO can signal financial uncertainty or strategic shifts within a company, while new employment agreements for other executives provide insight into compensation structures and retention efforts.

Risk Assessment

Risk Level: medium — Changes in key financial leadership and executive compensation agreements can introduce uncertainty and impact investor confidence.

Key Numbers

• $350,000 — Mark Wilson's Base Salary (Annual compensation for the Chief Legal Officer under a new employment agreement.)

Key Players & Entities

• BlackBerry Limited (company) — Registrant
• Steve Capelli (person) — Departing Chief Financial Officer
• Michael Wallace (person) — Interim Chief Financial Officer
• Mark Wilson (person) — Chief Legal Officer
• $350,000 (dollar_amount) — Mark Wilson's base salary

FAQ

Filing Documents

• bbry-20240926.htm (8-K) — 32KB
• lisabahashboardappointment.htm (EX-99.1) — 8KB
• image_0.jpg (GRAPHIC) — 25KB
• 0001070235-24-000128.txt ( ) — 234KB
• bbry-20240926.xsd (EX-101.SCH) — 2KB
• bbry-20240926_def.xml (EX-101.DEF) — 15KB
• bbry-20240926_lab.xml (EX-101.LAB) — 26KB
• bbry-20240926_pre.xml (EX-101.PRE) — 16KB
• bbry-20240926_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 1, 2024, the Company issued a press release announcing the appointment of Ms. Bahash to the Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished herewith pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . EXHIBIT INDEX Exhibit Description 99.1 Press release issued by BlackBerry Limited dated October 1 , 2024 104 Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BlackBerry Limited Date: October 2, 2024 By: /s/ Phil Kurtz Name: Phil Kurtz Title: Chief Legal Officer and Corporate Secretary