01—Abstract
Summary
Summary of the 8-K filed June 25, 2025. Cited figures are marked; the original filing is the authoritative source.
HP Inc. (HPQ) filed a Form 8-K on June 25, 2025 reporting two leadership and governance changes.
On June 18, 2025, Stephanie Liebman notified HP that she will leave the company to pursue an outside opportunity, effective September 12, 2025. She will step down as Global Controller upon the appointment of her successor. The same day, HP appointed Manpreet S.
Grewal, age 46, as Chief Accounting Officer and Global Controller, effective July 14, 2025. Grewal previously served as Vice President, Controller & Chief Accounting Officer at United States Steel Corporation since March 2020, and before that as Vice President, Controller and Chief Accounting Officer at Covanta from 2017 to March 2020. His compensation will be consistent with his position and scope of responsibility, and the filing states he has no material interest in any related-party transaction.
In addition, HP's Board of Directors adopted amendments to the company's Amended and Restated Bylaws, effective immediately. The amendments replace the stockholder and director records-inspection provisions in Sections 7.1 and 7.2 with statements that these parties are entitled to the inspection rights provided by Section 220 of the Delaware General Corporation Law. The company says the changes make its bylaws consistent with recent DGCL amendments.
The amended and restated Bylaws are filed as Exhibit 3.1. The filing does not report financial results or quantify any financial impact. For investors, the key items are the controller transition, which is a planned change in a senior finance role, and the bylaw update, which is a routine governance conforming change.
02—Key points
Key Highlights
- Stephanie Liebman will leave HP effective September 12, 2025, to pursue an outside opportunity, and will step down as Global Controller once her successor is appointed.
- Manpreet S. Grewal was appointed Chief Accounting Officer and Global Controller, effective July 14, 2025, on June 18, 2025.
- Grewal has served as Vice President, Controller & Chief Accounting Officer at United States Steel Corporation since March 2020, and previously held the same title at Covanta from 2017 to March 2020.
- The Board adopted amendments to HP's Amended and Restated Bylaws on June 18, 2025, effective immediately.
- The bylaw amendments replace the stockholder and director records-inspection provisions in Sections 7.1 and 7.2 with references to Section 220 of the Delaware General Corporation Law.
- The bylaw changes are intended to align HP's governing documents with recent amendments to the DGCL.
- The filing reports no financial results and quantifies no financial impact from these changes.
03—Questions
Frequently Asked Questions
Who is replacing Stephanie Liebman as Global Controller?
Manpreet S. Grewal was appointed Chief Accounting Officer and Global Controller, effective July 14, 2025. Liebman will step down as Global Controller upon his appointment and leave HP effective September 12, 2025.
What is Manpreet Grewal's background?
Grewal, age 46, has served as Vice President, Controller & Chief Accounting Officer at United States Steel Corporation since March 2020. Before that, he was Vice President, Controller and Chief Accounting Officer at Covanta, a renewable energy and waste management company, from 2017 to March 2020.
Did HP disclose any compensation or arrangements for the new controller?
The filing states Grewal will receive salary, annual incentive awards, and long-term incentive awards, and will participate in other compensation and benefit programs, at levels consistent with his position and scope of responsibility. It states there are no arrangements or understandings with other persons under which he was appointed, and that he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
What changed in HP's bylaws?
The Board amended Sections 7.1 and 7.2 of the Amended and Restated Bylaws, which govern stockholder and director inspection of books and records. The provisions now state that stockholders and directors are entitled to the inspection rights provided by Section 220 of the Delaware General Corporation Law. The amendments took effect immediately upon adoption on June 18, 2025.
Does this filing report any financial impact?
No. The filing covers executive appointment and departure and governance amendments. It does not report financial results or quantify any financial effect.
04—Continue