---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-124484"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T19:42:36.154813+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes appoints activist investor Kurt Wolf as CEO; plans $150M share buyback in 2025

## Summary
- Kurt Wolf (Hestia Capital) becomes CEO effective May 22, succeeding Lance Rosenzweig who transitions to consultant.
- Company intends to execute full $150M share repurchase authorization in 2025; will evaluate dividend increases.
- Targets 3.0x adjusted leverage ratio by end of Q2 2025 (one quarter earlier than prior guidance) without retiring debt.
- Comprehensive strategic review to be conducted over remainder of 2025 with independent advisors to maximize value.
- Full-year 2025 financial guidance reaffirmed, citing strength in SendTech and Presort segments.

## SEC filing metadata
- accession: 0001193125-25-124484
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000119312525124484/0001193125-25-124484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000119312525124484/d875750d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-124484
- JSON: https://secwatch.observer/filing/0001193125-25-124484.json
- Plain text: https://secwatch.observer/filing/0001193125-25-124484.txt

## Key facts
- Executive change
  Kurt Wolf was appointed as President and Chief Executive Officer at PITNEY BOWES INC /DE/.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Board of Directors of the Company (the “Board”) has appointed Kurt Wolf as President and Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000119312525124484/0001193125-25-124484-index.htm
- Executive change
  Lance Rosenzweig departed as Chief Executive Officer at PITNEY BOWES INC /DE/.
  - Action: cease to serve
  - Role: Chief Executive Officer
  source text: Lance Rosenzweig will cease to serve as Chief Executive Officer of the Company and as a member of the Board and transition to a consultant role through September 21, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000119312525124484/0001193125-25-124484-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.