---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-009483"
form_type: "8-K/A"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:27:47.525409+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Kyndryl revises 2021 10-K for $87M joint-venture over-accrual, segment recast

## Summary
- $87M over-accrual in accrued contract costs for consolidated joint venture in Principal Markets segment; built up before IBM separation.
- Error immaterial to any prior annual/period; correction significant to Q1 2022 three-month results.
- Revising 2021 10-K: MD&A, Financial Statements; recast segment adjusted EBITDA due to updated allocation methodologies.
- Recast segment adjusted EBITDA data for FY 2020 and FY 2021, and interim periods posted on website.

## SEC filing metadata
- accession: 0001558370-22-009483
- form_type: 8-K/A
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 9.01, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837022009483/0001558370-22-009483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837022009483/kd-20220526x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009483
- JSON: https://secwatch.observer/filing/0001558370-22-009483.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009483.txt

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