8-KLeadership Changes

QUALCOMM INC/DE 8-K Report, Executive Changes (Aug 25, 2025)

Filed August 25, 2025For Securities:QCOM

Summary

Qualcomm Inc. (QCOM) filed an 8-K on August 25, 2025, announcing a significant shift in its finance leadership. Neil Martin, formerly the Senior Vice President, Finance and Chief Accounting Officer, has moved to a new role as Senior Vice President, Corporate Development, where he will spearhead Mergers & Acquisitions and strategic initiatives. This transition is effective immediately, with Mr. Martin stepping down as Chief Accounting Officer. In a related move, Patricia Grech has been appointed as the new Senior Vice President and Chief Accounting Officer. Ms. Grech, who has an extensive background within Qualcomm's finance department since 2006, most recently served as Vice President, Finance and Controller. Her compensation package for this new role includes a base salary of $380,546, a target bonus of 35% of her base salary starting in fiscal year 2026, and a $85,000 restricted stock unit promotion grant, along with standard employee benefits.

Key Highlights

  • 1Neil Martin transitions from Chief Accounting Officer to Senior Vice President, Corporate Development, focusing on M&A and strategic initiatives.
  • 2Patricia Grech appointed as the new Senior Vice President and Chief Accounting Officer.
  • 3Ms. Grech has a long tenure at Qualcomm, joining in 2006 and most recently serving as VP, Finance and Controller.
  • 4Ms. Grech's new compensation includes a base salary of $380,546.
  • 5Ms. Grech's target annual bonus increases to 35% of base salary starting FY2026.
  • 6Ms. Grech will receive a $85,000 restricted stock unit promotion grant.
  • 7No undisclosed arrangements or reportable transactions exist between Ms. Grech and the Company.

Frequently Asked Questions

Neil Martin stepped down as Chief Accounting Officer to transition into a new role as Senior Vice President, Corporate Development, where he will focus on Mergers & Acquisitions and other strategic initiatives for the company.

Patricia Grech has been with Qualcomm since 2006 and has held various finance and accounting positions. Most recently, she served as Vice President, Finance and Controller since December 2022, and prior to that, as Vice President, Finance from May 2017 to December 2022.

Ms. Grech's compensation includes an annual base salary of $380,546, a target bonus of 35% of her base salary beginning in fiscal year 2026, and a $85,000 restricted stock unit promotion grant. She will also participate in standard company benefit programs.

No, the filing explicitly states that there are no undisclosed arrangements or transactions involving Ms. Grech and the Company that are required to be reported under Item 404(a) of Regulation S-K.