Business Context and Reporting Period
This Form 8-K Current Report was filed by QUALCOMM Incorporated on October 8, 2024. The filing reports a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the election of a new director to the Board of Directors.
- New Director: Marie Myers, currently Executive Vice President and Chief Financial Officer of Hewlett Packard Enterprise Company.
- Effective Date: October 8, 2024.
- Term: Expires at the Company's next annual meeting of stockholders.
- Committee Assignment: Appointed to the Audit Committee.
Compensation and Arrangements
Ms. Myers will be compensated under the Qualcomm Incorporated 2024 Director Compensation Plan. On the date of election, she was granted 677 deferred stock units (DSUs), representing a pro rata portion of the value of a DSU award for a full year of service. The filing states there are no other arrangements or transactions involving Ms. Myers required to be reported under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the full terms of the 2024 Director Compensation Plan referenced in Exhibit 10.19 of the Company's Form 10-K for the fiscal year ended September 24, 2023.
- Confirm the date of the next annual meeting of stockholders to determine the exact expiration of Ms. Myers' term.
- Review the composition of the Audit Committee to assess the impact of the new appointment on oversight capabilities.