Summary
This 8-K filing from IBM, dated April 18, 2018, primarily serves to disclose information presented during the company's first-quarter 2018 earnings call on April 17, 2018. The core of the filing is the prepared remarks by CFO Jim Kavanaugh, included as Exhibit 99.1, which provides insights into IBM's financial performance and strategic outlook for the quarter. Investors should note that this filing is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same legal implications as a fully filed document. The filing also includes non-GAAP supplemental financial information (Exhibit 99.2), which is crucial for investors seeking to understand the company's performance beyond generally accepted accounting principles. The company encourages investors to visit its website for ongoing updates and additional information. This report is a standard disclosure mechanism for earnings-related communications.
Key Highlights
- 1IBM filed an 8-K on April 18, 2018, to disclose information from its Q1 2018 earnings presentation held on April 17, 2018.
- 2The filing includes the prepared remarks of CFO Jim Kavanaugh for the Q1 2018 earnings presentation (Exhibit 99.1).
- 3Non-GAAP financial measures and their reconciliations to GAAP are provided in Exhibit 99.2.
- 4The information furnished in this 8-K, including exhibits, is not considered 'filed' under Section 18 of the Securities Exchange Act of 1934.
- 5IBM directs investors to its corporate website (www.ibm.com/investor/) for continuous updates and financial information.
- 6The event date for the information disclosed was April 16, 2018.