--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-21-134456" form_type: "8-K" ticker: "KD" cik: "0001867072" company_name: "Kyndryl Holdings, Inc." filed_at: "2021-11-04T23:59:59+00:00" generated_at: "2026-06-28T13:20:21.425541+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Kyndryl completes IBM spin-off; draws $500M term loan; appoints board & CEO ## Summary - 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. ## SEC filing metadata - accession: 0001104659-21-134456 - form_type: 8-K - ticker: KD - cik: 0001867072 - company_name: Kyndryl Holdings, Inc. - filed_at: 2021-11-04T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 2.03, 3.03, 5.03, 5.01, 5.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/tm2131654d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-21-134456 - JSON: https://secwatch.observer/filing/0001104659-21-134456.json - Plain text: https://secwatch.observer/filing/0001104659-21-134456.txt ## Key facts - Executive change Martin Schroeter was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Howard I. Ungerleider was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Edward Sebold was appointed as General Counsel and Secretary at Kyndryl Holdings, Inc.. - Action: appointed - Role: General Counsel and Secretary source text: 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: evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change John D. Harris II was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Stephen A. M. Hester was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Maryjo Charbonnier was appointed as Chief Human Resources Officer at Kyndryl Holdings, Inc.. - Action: appointed - Role: Chief Human Resources Officer source text: 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: evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Martin Schroeter was appointed as Chief Executive Officer at Kyndryl Holdings, Inc.. - Action: appointed - Role: Chief Executive Officer source text: 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: evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Vineet Khurana was appointed as Vice President and Controller at Kyndryl Holdings, Inc.. - Action: appointed - Role: Vice President and Controller source text: 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: evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Rahul N. Merchant was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change David Wyshner was appointed as Chief Financial Officer and Treasurer at Kyndryl Holdings, Inc.. - Action: appointed - Role: Chief Financial Officer and Treasurer source text: 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: evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Jana Schreuder was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Elly Keinan was appointed as Group President at Kyndryl Holdings, Inc.. - Action: appointed - Role: Group President source text: 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: evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Shirley Ann Jackson was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Janina Kugel was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Dominic J. Caruso was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm - Executive change Denis Machuel was appointed as Director at Kyndryl Holdings, Inc.. - Action: assumed position - Role: Director source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000110465921134456/0001104659-21-134456-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.