8-K
filed November 4, 2021, 7:59 PM ET
ticker KD
CIK 0001867072
other material
confidence high
sentiment neutral
materiality 0.90
Kyndryl completes IBM spin-off; draws $500M term loan; appoints board & CEO
Kyndryl Holdings, Inc.
- Spin-off completed Nov 3, 2021; IBM distributed 1 Kyndryl share per 5 IBM shares held.
- Entered into separation, transition services, tax, employee, IP, real estate, and other agreements with IBM.
- Drew full $500M under senior unsecured term loan on Nov 1, 2021.
- Board of directors appointed (10 members); Martin Schroeter as CEO, David Wyshner as CFO, other execs named.
- Adopted 2021 Long-Term Performance Plan and Kyndryl Excess Plan effective with spin-off.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martin Schroeter was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Howard I. Ungerleider was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward Sebold was appointed as General Counsel and Secretary at Kyndryl Holdings, Inc..
- Action
- appointed
- Role
- General Counsel and Secretary
Exact text from the filing
As previously reported in the Information Statement, effective on November 3, 2021, the following persons were appointed as executive officers of the Company serving in the offices of the Company set forth beside each person’s name:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John D. Harris II was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen A. M. Hester was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Maryjo Charbonnier was appointed as Chief Human Resources Officer at Kyndryl Holdings, Inc..
- Action
- appointed
- Role
- Chief Human Resources Officer
Exact text from the filing
As previously reported in the Information Statement, effective on November 3, 2021, the following persons were appointed as executive officers of the Company serving in the offices of the Company set forth beside each person’s name:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martin Schroeter was appointed as Chief Executive Officer at Kyndryl Holdings, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
As previously reported in the Information Statement, effective on November 3, 2021, the following persons were appointed as executive officers of the Company serving in the offices of the Company set forth beside each person’s name:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vineet Khurana was appointed as Vice President and Controller at Kyndryl Holdings, Inc..
- Action
- appointed
- Role
- Vice President and Controller
Exact text from the filing
As previously reported in the Information Statement, effective on November 3, 2021, the following persons were appointed as executive officers of the Company serving in the offices of the Company set forth beside each person’s name:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rahul N. Merchant was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Wyshner was appointed as Chief Financial Officer and Treasurer at Kyndryl Holdings, Inc..
- Action
- appointed
- Role
- Chief Financial Officer and Treasurer
Exact text from the filing
As previously reported in the Information Statement, effective on November 3, 2021, the following persons were appointed as executive officers of the Company serving in the offices of the Company set forth beside each person’s name:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jana Schreuder was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elly Keinan was appointed as Group President at Kyndryl Holdings, Inc..
- Action
- appointed
- Role
- Group President
Exact text from the filing
As previously reported in the Information Statement, effective on November 3, 2021, the following persons were appointed as executive officers of the Company serving in the offices of the Company set forth beside each person’s name:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shirley Ann Jackson was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Janina Kugel was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dominic J. Caruso was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Denis Machuel was appointed as Director at Kyndryl Holdings, Inc..
- Action
- assumed position
- Role
- Director
Exact text from the filing
on or prior to November 3, 2021, the persons set forth in the table below assumed their positions as directors on the Company’s Board of Directors (our “Board”).
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.