8-KRegulation FDExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Regulation FD Disclosure (Oct 21, 2021)

Filed October 21, 2021For Securities:IBM

Summary

This Form 8-K filing from IBM primarily serves to provide investors with supplementary materials related to their third-quarter 2021 earnings presentation. The key information consists of prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh, along with non-GAAP financial measure reconciliations. These documents offer detailed insights into the company's performance and financial health for the quarter ending in September 2021. Investors should review the provided exhibits for a comprehensive understanding of IBM's Q3 2021 results. The prepared remarks will likely elaborate on strategic initiatives, segment performance, and future outlook, while the non-GAAP reconciliations are crucial for understanding the company's operational performance by adjusting for items such as amortization of acquired intangibles and retirement-related costs. The filing emphasizes that this information is furnished and not deemed 'filed,' which has implications for regulatory liability.

Key Highlights

  • 1IBM filed an 8-K on October 20, 2021, detailing its third-quarter 2021 earnings presentation materials.
  • 2The filing includes prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh for their earnings call.
  • 3Exhibit 99.1 contains the full text of these prepared remarks, offering insights into Q3 2021 performance and strategy.
  • 4Exhibit 99.2 provides reconciliations of non-GAAP financial measures to their GAAP equivalents, essential for understanding adjusted performance.
  • 5The information furnished in this 8-K is for disclosure and informational purposes related to the earnings event.
  • 6IBM directs investors to its website (www.ibm.com/investor/) for ongoing financial and operational information.

Frequently Asked Questions

The main purpose of this 8-K filing is to furnish investors with the materials used in IBM's third-quarter 2021 earnings presentation, including prepared remarks from the CEO and CFO, and reconciliations of non-GAAP financial measures.

Details about IBM's Q3 2021 financial performance can be found in Exhibit 99.1 (prepared remarks) and Exhibit 99.2 (non-GAAP supplemental materials) attached to this 8-K filing. It is also recommended to visit IBM's investor relations website for more comprehensive information.

Non-GAAP financial measures are metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) calculations, such as amortization expenses or retirement-related costs, to provide a view of operating performance. They are included to give investors a potentially clearer picture of the company's ongoing business performance, but it's crucial to review the provided reconciliations to understand the adjustments made.

No, the information in Item 7.01 and its accompanying exhibits (99.1 and 99.2) is being furnished with the Commission and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This distinction is important regarding legal liability.