Qualcomm Announces Board and Executive Compensation Changes

Ticker: QCOM · Form: 8-K · Filed: 2024-12-12T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: QCOM

TL;DR

QUALCOMM board shakeup and exec pay changes announced.

AI Summary

Qualcomm Incorporated announced on December 10, 2024, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing reports routine corporate governance changes and does not indicate any significant financial distress or operational issues.

Key Players & Entities

FAQ

What specific items are being reported in this Form 8-K?

This Form 8-K reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on December 10, 2024.

What is Qualcomm's state of incorporation?

Qualcomm Incorporated is incorporated in Delaware.

What is Qualcomm's principal executive office address?

Qualcomm's principal executive offices are located at 5775 Morehouse Drive, San Diego, California 92121.

What is the Commission File Number for Qualcomm?

Qualcomm's Commission File Number is 000-19528.

From the Filing

0000804328-24-000079.txt : 20241212 0000804328-24-000079.hdr.sgml : 20241212 20241212160413 ACCESSION NUMBER: 0000804328-24-000079 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241210 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241212 DATE AS OF CHANGE: 20241212 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: 0929 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19528 FILM NUMBER: 241544806 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-20241210.htm 8-K qcom-20241210 QUALCOMM INC/DE 0000804328 false 5775 Morehouse Drive San Diego California 0000804328 2024-12-10 2024-12-10 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 December 10, 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. (b) On December 10, 2024, Dr. James H. Thompson, the Chief Technology Officer (CTO) of Qualcomm Technologies, Inc., a subsidiary of QUALCOMM Incorporated (the Company), and an executive officer of the Company, announced his intention to retire from his position as CTO effective February 3, 2025. He will remain with the Company in an advisory role to support various projects following such date. Dr. Baaziz Achour, who currently serves as Deputy CTO, will serve as CTO-elect effective immediately. Dr. Achour will commence his service as CTO upon Dr. Thompson&#821

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