8-KRegulation FDExhibits & Filings

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

Filed July 20, 2021For Securities:IBM

Summary

This 8-K filing from IBM on July 20, 2021, primarily serves to disclose materials related to the company's second-quarter 2021 earnings presentation. It includes prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh, along with reconciliations of non-GAAP financial measures to GAAP. This information is crucial for investors seeking to understand IBM's recent financial performance and management's commentary on the quarter. While the 8-K itself doesn't contain new financial results, it directs investors to the detailed supplementary materials. These exhibits offer insights into the company's operational performance, strategic initiatives, and outlook as discussed by senior leadership. Investors should review these provided exhibits to gain a comprehensive understanding of IBM's Q2 2021 results and its forward-looking statements.

Key Highlights

  • 1IBM filed an 8-K on July 20, 2021, to disclose materials from its Q2 2021 earnings presentation.
  • 2The filing includes prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh.
  • 3Investors are provided with reconciliations of non-GAAP financial measures to GAAP, allowing for a clearer understanding of performance metrics.
  • 4The supplementary materials are furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act.
  • 5Exhibit 99.1 contains the full text of the prepared remarks from the earnings call.
  • 6Exhibit 99.2 provides the Non-GAAP Supplemental Materials for financial analysis.
  • 7IBM directs investors to its website (www.ibm.com/investor/) for ongoing company and financial information.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially disclose the materials presented during IBM's second-quarter 2021 earnings presentation to investors. This includes the prepared remarks from the CEO and CFO, and supplemental financial information.

This 8-K filing does not contain the financial results directly. Instead, it points to Exhibit 99.1 (Prepared Remarks) and Exhibit 99.2 (Non-GAAP Supplemental Materials) which are associated with the earnings presentation. Investors should refer to these exhibits and the presentation slides (Exhibit 99.3, filed on July 19, 2021) for detailed financial information and commentary.

The filing indicates that Exhibit 99.2 contains reconciliations of non-GAAP financial measures discussed in the presentation to the most directly comparable GAAP measures. This means investors will find both non-GAAP figures and their GAAP equivalents for comparison.

This filing is informational, providing access to commentary and supplementary data from IBM's Q2 2021 earnings call. Investors are encouraged to review the provided exhibits to stay informed about the company's performance and outlook, but no immediate action is required based solely on this 8-K.