secwatch.observer — SEC 8-K summary
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Issuer:     PITNEY BOWES INC /DE/ (PBI)
CIK:        0000078814
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001193125-23-058336
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pitney Bowes appoints two new directors, chairman steps down, supports Hestia nominee Katie May
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78814/000119312523058336/0001193125-23-058336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78814/000119312523058336/d474790d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-058336

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