8-KRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Regulation FD Disclosure (Apr 20, 2021)

Filed April 20, 2021For Securities:IBM

Summary

This 8-K filing from IBM, dated April 19, 2021, primarily serves to disclose information presented during their first-quarter 2021 earnings call held on April 19, 2021. The key takeaway for investors is the availability of prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh, detailing the company's financial performance and outlook for the quarter. Investors should refer to Exhibit 99.1 for these remarks. Furthermore, the filing includes Exhibit 99.2, which provides crucial reconciliations of non-GAAP financial measures to their GAAP equivalents. This is essential for investors to understand the underlying financial health and performance, as non-GAAP measures are often used by management to present results excluding certain items. The accompanying presentation slides used during the earnings call are also provided as Exhibit 99.3.

Key Highlights

  • 1IBM filed an 8-K on April 19, 2021, to provide details of their Q1 2021 earnings presentation.
  • 2The filing includes prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh (Exhibit 99.1).
  • 3Reconciliations of non-GAAP to GAAP financial measures are provided (Exhibit 99.2).
  • 4The presentation slides used in the earnings call are also part of the filing (Exhibit 99.3).
  • 5The information furnished is for disclosure purposes and is not considered 'filed' for Section 18 of the Securities Exchange Act of 1934, meaning it doesn't carry the same legal implications as officially filed reports.
  • 6IBM directs investors to its website, particularly the investor relations section, for ongoing updates and information.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the information presented by IBM's leadership during their first-quarter 2021 earnings presentation on April 19, 2021. It makes the prepared remarks, financial reconciliations, and presentation slides readily available to investors.

The detailed discussion of IBM's Q1 2021 earnings can be found in Exhibit 99.1 (Prepared Remarks) and Exhibit 99.3 (Presentation Slides) of this 8-K filing. The prepared remarks provide the narrative from the CEO and CFO, while the slides offer a visual summary of the key financial points.

Non-GAAP financial measures are often used by companies to provide a view of their performance that excludes certain items, such as restructuring costs or acquisition-related expenses, which may not be indicative of ongoing operational performance. It is crucial for investors to review these alongside GAAP measures for a complete understanding. The reconciliations of IBM's non-GAAP to GAAP financial measures for Q1 2021 are provided in Exhibit 99.2 of this 8-K filing.

This 8-K filing primarily contains supplementary materials related to an earnings presentation rather than audited financial statements. The information is being furnished and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not have the same legal implications as official SEC filings like 10-Q or 10-K reports.