8-KEarnings & ResultsLeadership ChangesExhibits & Filings

Hewlett Packard Enterprise Co 8-K Report, Financial Results (Nov 21, 2017)

Filed November 21, 2017For Securities:HPEHPE-PC

Summary

Hewlett Packard Enterprise Company (HPE) filed an 8-K on November 21, 2017, primarily announcing significant leadership changes and providing updates on segment results for the fiscal quarter ended October 31, 2017. The most impactful news for investors is the planned transition of leadership, with Antonio Neri set to assume the roles of President and Chief Executive Officer effective February 1, 2018. Current CEO Margaret C. Whitman will remain on the Board of Directors. Concurrently, HPE furnished a press release detailing segment results for the fiscal quarter ending October 31, 2017. While the specifics of these results are not fully detailed within the 8-K text itself, this filing signals that investors should review the accompanying exhibits (Exhibit 99.1 and 99.2) for crucial financial performance data and further details regarding Mr. Neri's appointment and compensation package.

Key Highlights

  • 1Antonio Neri appointed President and CEO, effective February 1, 2018.
  • 2Margaret C. Whitman to remain on the Board of Directors.
  • 3Antonio Neri will receive an annual base salary of $1 million and a target annual cash bonus of 150% of base salary.
  • 4Mr. Neri elected to the Board of Directors, effective February 1, 2018.
  • 5HPE furnished segment results for the fiscal quarter ended October 31, 2017, via press release (Exhibit 99.1).
  • 6The filing incorporates by reference two press releases (Exhibits 99.1 and 99.2) related to financial results and leadership transition.

Frequently Asked Questions

Antonio Neri, currently President, is appointed as the new President and Chief Executive Officer of HPE, effective February 1, 2018.

Margaret C. Whitman will remain a director on the Board of Directors of HPE.

This 8-K filing primarily announces leadership changes. It also states that HPE furnished a press release (Exhibit 99.1) containing segment results for the fiscal quarter ended October 31, 2017. Investors should refer to Exhibit 99.1 for the specific financial performance details.

Effective February 1, 2018, Antonio Neri is eligible for an annual base salary of $1 million and a target annual cash bonus of 150% of his base salary under HPE's Pay for Results program.