Qualcomm Announces Executive and Director Changes

Ticker: QCOM · Form: 8-K · Filed: 2025-05-13T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-election, executive-compensation

Related Tickers: QCOM

TL;DR

Qualcomm board shakeup: new directors in, some execs out. Effective May 12.

AI Summary

Qualcomm Incorporated announced on May 12, 2025, changes in its executive and director roles. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. These changes are effective as of May 12, 2025.

Why It Matters

Changes in leadership and board composition can signal shifts in company strategy, governance, or future direction.

Risk Assessment

Risk Level: medium — Changes in key personnel and board composition can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

FAQ

What specific roles have been affected by these changes?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers', suggesting shifts in leadership and board positions.

Are there any new directors being elected to the board?

Yes, the filing explicitly mentions the 'Election of Directors', indicating that new individuals are being appointed to the board.

What is the effective date of these reported changes?

The 'Date of Report' and 'Date as of Change' are both listed as May 12, 2025, making this the effective date for the reported events.

Does this filing involve any changes to executive compensation?

Yes, the filing covers 'Compensatory Arrangements of Certain Officers', suggesting that there are adjustments or new details regarding executive pay.

What is the primary business of QUALCOMM Incorporated?

QUALCOMM Incorporated is primarily involved in the 'RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT' industry, as indicated by its Standard Industrial Classification code [3663].

From the Filing

0000804328-25-000034.txt : 20250513 0000804328-25-000034.hdr.sgml : 20250513 20250513160337 ACCESSION NUMBER: 0000804328-25-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250512 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250513 DATE AS OF CHANGE: 20250513 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 EIN: 953685934 STATE OF INCORPORATION: DE FISCAL YEAR END: 0928 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19528 FILM NUMBER: 25939886 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-20250512.htm 8-K qcom-20250512 QUALCOMM INC/DE 0000804328 false 5775 Morehouse Drive San Diego California 0000804328 2025-05-12 2025-05-12 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 May 12, 2025 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. (d) On May 12, 2025, the Board of Directors (the “Board”) of QUALCOMM Incorporated (the “Company”) elected Christopher D. Young, former Executive Vice President, Business Development, Strategy, and Ventures of Microsoft Corporation, to the Board. Mr. Young was elected for a term of office that expires at the Company’s next annual meeting of stockholders. The Board also appointed Mr. Young to its HR and Compensation Committee. There is no arrangement or understanding between Mr. Young and any other person pursuant to which he was selected as a

View on Read The Filing