8-K
filed March 2, 2023, 6:59 PM ET
ticker PBI
CIK 0000078814
leadership
confidence high
sentiment neutral
materiality 0.70
Pitney Bowes appoints two new directors, chairman steps down, supports Hestia nominee Katie May
PITNEY BOWES INC /DE/
- Darrell Thomas (ex-Harley-Davidson treasurer) and Steve Brill (ex-UPS strategy president) appointed as independent directors.
- Michael Roth steps down as chairman immediately; Robert Dutkowsky named Non-Executive Chairman.
- Directors Roth, Hutcheson, Shedlarz will not stand for re-election at the 2023 annual meeting.
- Board recommends voting for Hestia nominee Katie May; criticizes Hestia for lack of good faith in negotiations.
- Board size to revert to nine directors after the annual meeting; eight current directors seeking re-election.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
David L. Shedlarz departed as Director at PITNEY BOWES INC /DE/.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
directors Michael I. Roth, S. Douglas Hutcheson, and David L. Shedlarz will not stand for re-election at the Company’s 2023 Annual Meeting and will retire at the end of their current terms
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steve Brill was appointed as Director at PITNEY BOWES INC /DE/.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Darrell Thomas and Steve Brill as additional independent directors, effective immediately
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Michael I. Roth departed as Director at PITNEY BOWES INC /DE/.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
directors Michael I. Roth, S. Douglas Hutcheson, and David L. Shedlarz will not stand for re-election at the Company’s 2023 Annual Meeting and will retire at the end of their current terms
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
S. Douglas Hutcheson departed as Director at PITNEY BOWES INC /DE/.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
directors Michael I. Roth, S. Douglas Hutcheson, and David L. Shedlarz will not stand for re-election at the Company’s 2023 Annual Meeting and will retire at the end of their current terms
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Darrell Thomas was appointed as Director at PITNEY BOWES INC /DE/.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Darrell Thomas and Steve Brill as additional independent directors, effective immediately
View on SEC.gov
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