Summary
This Form 8-K filing from IBM, dated November 29, 2021, primarily serves to provide investors with updated information regarding the company's fourth-quarter 2021 discontinued operations. The company has posted this information, along with certain non-GAAP financial measures that management believes are useful for investors, on its Investor Relations website. While this filing doesn't contain new operational or strategic announcements, it signals IBM's commitment to providing transparent and supplementary financial data to its stakeholders. Investors should refer to Exhibit 99.1, the furnished Investor Relations Article, for detailed insights into these discontinued operations and the rationale behind the non-GAAP disclosures.
Key Highlights
- 1Disclosure of information concerning IBM's fourth quarter 2021 discontinued operations.
- 2Information furnished via Exhibit 99.1, an Investor Relations Article dated November 29, 2021.
- 3Presentation of non-GAAP financial information alongside GAAP measures.
- 4Management believes non-GAAP measures offer useful insights to investors.
- 5Rationale for the use of non-GAAP measures is included in Exhibit 99.1.
- 6Information is posted on IBM's Investor Relations website (www.ibm.com/investor/).
- 7This filing is made under Regulation FD Disclosure and Financial Statements and Exhibits items.
Frequently Asked Questions
The main purpose of this 8-K filing is to disclose information related to IBM's fourth quarter 2021 discontinued operations and to present certain non-GAAP financial measures that management believes are beneficial for investors. This information has been made available on IBM's Investor Relations website.
The detailed information, including an Investor Relations Article dated November 29, 2021, is provided as Exhibit 99.1 to this Form 8-K and has been posted on IBM's Investor Relations website at www.ibm.com/investor/.
This filing primarily provides supplemental financial information regarding discontinued operations and non-GAAP measures. It does not appear to contain new strategic announcements or guidance that would directly impact IBM's current financial performance or outlook. Investors should review Exhibit 99.1 for specific details.
No, the information furnished under Item 7.01 of this filing, including Exhibit 99.1, is being furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal implications as information that is officially filed.