8-KRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Regulation FD Disclosure (Jul 18, 2019)

Filed July 18, 2019For Securities:IBM

Summary

This 8-K filing from IBM, dated July 18, 2019, primarily serves to disclose the prepared remarks and supplemental financial materials from the company's second-quarter 2019 earnings presentation. The key takeaway for investors is access to the detailed commentary from CFO Jim Kavanaugh regarding the company's performance during Q2 2019, which was presented on July 17, 2019. This includes insights into IBM's financial results, operational performance, and strategic outlook for the period. While the 8-K itself does not contain new financial figures or operational updates, it directs investors to specific exhibits (99.1 and 99.2) that provide a comprehensive non-GAAP view of IBM's second-quarter performance. Investors should consult these attached documents for a deeper understanding of the company's financial health and management's perspective on recent business trends and future expectations. The filing also reiterates IBM's commitment to transparency by providing reconciliations of non-GAAP measures to GAAP figures.

Key Highlights

  • 1IBM filed an 8-K on July 18, 2019, related to its Q2 2019 earnings presentation.
  • 2The filing includes prepared remarks from CFO Jim Kavanaugh for the Q2 2019 earnings call held on July 17, 2019.
  • 3Exhibit 99.1 contains the full text of the CFO's prepared remarks.
  • 4Exhibit 99.2 provides supplemental, non-GAAP financial materials.
  • 5Reconciliations between non-GAAP and GAAP financial measures are included in the supplemental materials.
  • 6The filing is furnished under Regulation FD and does not constitute a 'filed' document for Section 18 of the Exchange Act.
  • 7IBM directs investors to its website for ongoing updates and financial information.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the prepared remarks from IBM's Chief Financial Officer's second-quarter 2019 earnings presentation and related non-GAAP financial supplemental materials, which were shared with investors on July 17, 2019.

The details of IBM's Q2 2019 performance are primarily found in Exhibit 99.1 (Prepared Remarks of Earnings Presentation) and Exhibit 99.2 (Non-GAAP Supplemental Materials) attached to this 8-K filing. These documents contain the CFO's commentary and additional financial information.

This specific 8-K filing primarily serves as a disclosure mechanism for information already presented to investors during the Q2 2019 earnings call. It does not introduce new financial results or material business updates beyond what was covered in the July 17, 2019 presentation. Investors should refer to the exhibits for the detailed Q2 2019 financial discussion.

The information being 'furnished' under Regulation FD, including Exhibits 99.1 and 99.2, means it is being provided to the public but is not subject to the same liability standards as 'filed' information under Section 18 of the Securities Exchange Act of 1934. This is standard practice for earnings releases and presentations.