PITNEY BOWES INC /DE/ amended Credit Agreement with Bank of America, N.A. valued at Amended Credit Agreement with interest coverage ratio not less than 2.00 to 1.00, secured net levera (effective 2026-05-18).
“On May 18, 2026 (the “ Amendment Effective Date ”), Pitney Bowes Inc. (the “ Company ”), and certain other subsidiaries of the Company, entered into an amendment (the “ Amendment ”) to its Credit Agreement, dated as of February 7, 2025 (as amended prior to the date hereof and as further amended by the Amendment, the “ Credit Agreement ”), among the Company, the Loan Parties party thereto, the Lenders and Issuing Banks party thereto and Bank of America, N.A., as the administrative agent.”
Debt Financings
PITNEY BOWES INC /DE/ amended credit facility with Bank of America, N.A., as the administrative agent maturing five years from the Amendment Effective Date.
“The Amendment (i) extends the maturity date of the Company’s revolving credit facility and term loan A facility to the date that is five years from the Amendment Effective Date and (ii) makes certain other changes to the covenants, terms and conditions applicable to the credit facilities under the Credit Agreement, including amending the financial maintenance and other negative covenants applicable to the Company and its subsidiaries.”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Non-binding Advisory Vote to Approve Executive Compensation at the 2026-05-12 meeting.
“The advisory vote on executive compensation was approved. The voting results were as follows: Vote For Vote Against Abstain Broker Non-Vote 83,947,862 2,523,786 396,739 24,904,853”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accountants for 2026 at the 2026-05-12 meeting.
“The appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for 2026 was ratified. The voting results were as follows: Vote For Vote Against Abstain Broker Non-Vote 109,410,968 2,182,883 179,389 —”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Election of Directors at the 2026-05-12 meeting.
“The nominees for election to the Board at the Annual Meeting received the number of votes reported below: Director Nominee Vote For Vote Against Abstain Broker Non-Vote Peter Brimm 85,592,797 1,118,756 156,834 24,904,853 Catherine Levene 77,478,741 8,672,390 717,256 24,904,853 Brent Rosenthal 85,356,784 1,350,009 161,594 24,904,853 Wayne Walker 79,434,424 7,274,411 159,552 24,904,853 Kurt Wolf 86,058,941 660,325 149,121 24,904,853”
Earnings Releases
PITNEY BOWES INC /DE/ reported three months ended March 31, 2026 results: revenue $477, net income $58, EPS $0.39. Guidance reaffirmed.
“Financial Highlights: The following table summarizes the Company’s financial highlights for the first quarter 2026: First Quarter ($ millions, except EPS) 2026 2025 $ Change % Change Revenue $477 $493 ($16) (3%) GAAP EPS $0.39 $0.19 $0.20 >100% Adj. EPS1 $0.47 $0.33 $0.14 42% GAAP Net Income $58 $35 $23 64% Adj. EBIT1 $130 $120 $11 9% Cash from Operations $44 ($17) $61 >100% Free Cash Flow1 $44 ($20) $64 >100%”
Earnings Releases
PITNEY BOWES INC /DE/ reported full year 2026 results: revenue $1,800 - $1,860, EPS $1.50 - $1.65. Guidance raised.
PITNEY BOWES INC /DE/ reported the first quarter of fiscal year 2026 results: revenue approximately $477 million, EPS approximately $0.47.
“Preliminary, Unaudited Financial Results for Q1 2026 • Revenue of approximately $477 million, compared to Q1 2025 revenue of $493 million. This 3% rate of decline represents an improvement from our 5% Y-o-Y decline in Q1 of 2025 and a 7% Y-o-Y decline last quarter. • Adjusted EBIT (AEBIT) of approximately $130 million, compared to Q1 2025 Adjusted EBIT of $120 million. • Adjusted EPS of approximately $0.47, compared to Q1 2025 Adjusted EPS of $0.33.”
Debt Financings
PITNEY BOWES INC /DE/ incurred senior notes of $150,000,000 aggregate principal amount with initial purchasers at 7.250% per annum maturing March 15, 2029.
“On March 2, 2026, Pitney Bowes Inc. (the " Company ") completed an offering (the " Offering ") of $150,000,000 aggregate principal amount of its 7.250% Senior Notes due 2029 (the " Additional Notes ").”
Material Agreements
PITNEY BOWES INC /DE/ entered into First Supplemental Indenture to 7.250% Senior Notes due 2029 with Truist Bank valued at $150,000,000 aggregate principal amount of 7.250% Senior Notes due 2029 (effective 2026-03-02).
“On March 2, 2026, Pitney Bowes Inc. (the “ Company ”) completed an offering (the “ Offering ”) of $150,000,000 aggregate principal amount of its 7.250% Senior Notes due 2029 (the “ Additional Notes ”).”
Lance Rosenzweig departed as Replacement Director at PITNEY BOWES INC /DE/.
“Mr. Rosenthal will be deemed to replace Lance Rosenzweig as a Replacement Director under the Cooperation Agreement.”
Brent Rosenthal was appointed as Director at PITNEY BOWES INC /DE/.
“On June 16, 2025, Pitney Bowes Inc. (the “Company”) appointed Brent Rosenthal to its Board of Directors (“the Board”), effective as of June 16, 2025.”
Lance Rosenzweig departed as Chief Executive Officer at PITNEY BOWES INC /DE/.
“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.”
Kurt Wolf was appointed as President and Chief Executive Officer at PITNEY BOWES INC /DE/.
“the Board of Directors of the Company (the “Board”) has appointed Kurt Wolf as President and Chief Executive Officer of the Company.”
John Witek departed as Interim Chief Financial Officer and Chief Accounting Officer at PITNEY BOWES INC /DE/.
“John Witek, who served as Interim Chief Financial Officer and Chief Accounting Officer, is retiring effective March 31, 2025.”
Lauren Thomas DeFina was appointed as Vice President, Chief Accounting Officer at PITNEY BOWES INC /DE/.
“the Board has appointed Lauren Thomas DeFina as the Company’s Vice President, Chief Accounting Officer ( principal accounting officer ), effective as of April 1, 2025.”
Debt Financings
PITNEY BOWES INC /DE/ incurred term loan of $615 million with Bank of America, N.A. at Term SOFR loans under the Term B Facility is 3.75% per annum maturing maturing in March 2032.
“☐ ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEGMENT On February 7, 2025 (the “Closing Date”), Pitney Bowes Inc., a Delaware corporation (the “Company”), Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the other lenders and issuing banks party thereto, entered into that certain senior secured credit agreement (the “Credit Agreement”), which provides for (i) a $265 million revolving credit facility (inclusive of a $100 million sublimit for letters of credit) maturing in March 2028 (the “Revolving Credit Facility”), (ii) a $160 million term loan facility maturing in March 2028 (the “Term A Facility”) and (iii) a $615 million term loan facility maturing in March 2032 (the “Term B Facility”, and together with the Revolving Credit Facility and the Term A Facility, the “Credit Facilities”).”
Debt Financings
PITNEY BOWES INC /DE/ incurred term loan of $160 million with Bank of America, N.A. at Term SOFR or Base Rate plus applicable margin maturing maturing in March 2028.
“☐ ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEGMENT On February 7, 2025 (the “Closing Date”), Pitney Bowes Inc., a Delaware corporation (the “Company”), Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the other lenders and issuing banks party thereto, entered into that certain senior secured credit agreement (the “Credit Agreement”), which provides for (i) a $265 million revolving credit facility (inclusive of a $100 million sublimit for letters of credit) maturing in March 2028 (the “Revolving Credit Facility”), (ii) a $160 million term loan facility maturing in March 2028 (the “Term A Facility”) and (iii) a $615 million term loan facility maturing in March 2032 (the “Term B Facility”, and together with the Revolving Credit Facility and the Term A Facility, the “Credit Facilities”).”
Debt Financings
PITNEY BOWES INC /DE/ incurred revolving credit of $265 million with Bank of America, N.A. at Term SOFR or Base Rate plus applicable margin maturing maturing in March 2028.
“which provides for (i) a $265 million revolving credit facility (inclusive of a $100 million sublimit for letters of credit) maturing in March 2028”
John Witek resigned as Interim Chief Financial Officer at PITNEY BOWES INC /DE/.
“John Witek will resign from his position as Interim Chief Financial Officer of the Company.”
Bob Gold was appointed as Executive Vice President and Chief Financial Officer at PITNEY BOWES INC /DE/.
“the Board of Directors of the Company (the “Board”) has appointed Bob Gold as the Company’s Executive Vice President and Chief Financial Officer, effective as of March 10, 2025.”
Julie Schoenfeld was appointed as Director at PITNEY BOWES INC /DE/.
“On October 28, 2024, the Board appointed Paul Evans, Catherine Levene and Julie Schoenfeld to serve as directors of the Board, effective as of October 28, 2024.”
Catherine Levene was appointed as Director at PITNEY BOWES INC /DE/.
“On October 28, 2024, the Board appointed Paul Evans, Catherine Levene and Julie Schoenfeld to serve as directors of the Board, effective as of October 28, 2024.”
Paul Evans was appointed as Director at PITNEY BOWES INC /DE/.
“On October 28, 2024, the Board appointed Paul Evans, Catherine Levene and Julie Schoenfeld to serve as directors of the Board, effective as of October 28, 2024.”
Jill Sutton resigned as Director at PITNEY BOWES INC /DE/.
“On October 23, 2024, Jill Sutton resigned from the board of directors (the “Board”) of Pitney Bowes Inc. (the “Company”).”
Joseph Catapano departed as Chief Accounting Officer at PITNEY BOWES INC /DE/.
“Mr. Catapano informed the Company on August 23, 2024 that he will be leaving the Company effective September 6, 2024.”
M&A Transactions
PITNEY BOWES INC /DE/ completed a disposition involving affiliate of Hilco Commercial Industrial, LLC (closed 2024-08-08).
“an affiliate of Hilco Commercial Industrial, LLC (“Hilco”) subscribed for 81% of the voting interests in the subsidiary, DRF Logistics, LLC owning a majority of the Global Ecommerce segment net assets and operations (DRF Logistics, LLC and its subsidiary, DRF LLC, the “Ecommerce Debtors”) for de minimis consideration (the “GEC Sale”), with a subsidiary of the Company retaining 19% of the voting interests and 100% of the economic interests.”
M&A Transactions
PITNEY BOWES INC /DE/ completed a disposition involving Hilco Commercial Industrial, LLC for de minimis consideration (closed 2024-08-08).
“an affiliate of Hilco Commercial Industrial, LLC (“Hilco”) subscribed for 81% of the voting interests in DRF Logistics, LLC, an entity holding a substantial majority of the Global ecommerce segment’s assets and operations (such entity, together with its subsidiary, DRF, LLC, the “Ecommerce Debtors”), for de minimis consideration (the “GEC Sale”)”
James Fairweather departed as Executive Vice President and Chief Innovation Officer at PITNEY BOWES INC /DE/.
“The employment of James Fairweather as Executive Vice President and Chief Innovation Officer at the Company will end, effective April 1, 2025”
Restructurings & Charges
PITNEY BOWES INC /DE/ announced a restructuring with charges of approximately $25 million.
“reductions and other actions (the “2024 Plan”). The Company currently expects to incur aggregate one-time, pre-tax charges associated with the 2024 Plan of approximately $25 million, primarily related to cash severance costs, to be recorded in the second quarter of 2024. We anticipate incurring additional charges in future periods related to further”
Gregg Zegras departed as Executive Vice President and President, Global Ecommerce at PITNEY BOWES INC /DE/.
“The employment of Gregg Zegras as Executive Vice President and President, Global Ecommerce at the Company ended, effective June 30, 2024”
Lance Rosenzweig was appointed as Interim Chief Executive Officer at PITNEY BOWES INC /DE/.
“The Board approved the appointment of Lance Rosenzweig to serve as Interim CEO of the Company, effective May 22, 2024.”
Jason Dies departed as Interim Chief Executive Officer at PITNEY BOWES INC /DE/.
“The employment of Jason Dies as Interim Chief Executive Officer of Pitney Bowes Inc. (the “Company”) ended effective May 21, 2024.”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Approval of an Amendment and Restatement of the Employee Stock Purchase Plan to Increase Plan Shares Reserved for Issuance at the 2024-05-06 meeting.
“Proposal 5 – Approval of an Amendment and Restatement of the Employee Stock Purchase Plan to Increase Plan Shares Reserved for Issuance The vote to approve an Amendment and Restatement of the Employee Stock Plan was approved. The voting results were as follows: Vote For Vote Against Abstain Broker Non-Vote 99,231,292 2,488,752 254,”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Non-binding Advisory Vote to Approve Executive Compensation at the 2024-05-06 meeting.
“Proposal 4 – A Non-binding Advisory Vote to Approve Executive Compensation The advisory vote on executive compensation was approved. The voting results were as follows: Vote For Vote Against Abstain Broker Non-Vote 98,038,255 3,595,097 341,089 —”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Approval of an amendment to the Company's Restated Certificate of Incorporation to Give Holders of 25% of the Company's Stock the Right to Request a Special Meeting at the 2024-05-06 meeting.
“Proposal 3 – Approval of an amendment to the Company's Restated Certificate of Incorporation to Give Holders of 25% of the Company's Stock the Right to Request a Special Meeting The vote to approve an Amendment to the Company's Restated Certificate of Incorporation was approved. The voting results were as follows: Vote For Vote Against Abstain Broker Non-Vote 99,457,745 2,243,750 272,946 —”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Ratification of the Audit Committee's Appointment of the Independent Accountants for 2024 at the 2024-05-06 meeting.
“Proposal 2 – Ratification of the Audit Committee’s Appointment of the Independent Accountants for 2024 The appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for 2024 was ratified. The voting results were as follows: Vote For Vote Against Abstain Broker Non-Vote 99,368,271 2,443,881 162,289 —”
Shareholder Votes
PITNEY BOWES INC /DE/ shareholders approved Election of Directors at the 2024-05-06 meeting.
“Proposal 1 - Election of Directors The nominees for election to the Board at the Annual Meeting received the number of votes reported below: Director Nominee Vote For Vote Against Abstain Broker Non-Vote Milena Alberti-Perez 99,038,943 2,342,699 592,799 —”
Governance Changes
PITNEY BOWES INC /DE/: Amended By-Laws to conform to charter amendment on special meetings, update proxy rules, eliminate stockholder list inspection requirement, revise procedural mechanics (effective 2024-05-06).
“the Board approved and adopted additional amendments to the Contingent By-Laws (as so amended and restated, the “Amended By-Laws”), effective immediately.”
Governance Changes
PITNEY BOWES INC /DE/: Amendment to Restated Certificate of Incorporation allowing stockholders holding at least 25% of common stock to call a special meeting (effective 2024-05-06).
“The amendment to the Charter became effective upon the filing of a Certificate of Amendment of Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware (the “Secretary of State”) on May 6, 2024.”
Earnings Releases
PITNEY BOWES INC /DE/ reported Full Year 2024 results: revenue revenue growth to range from flat to a low- single digit decline. Guidance reaffirmed.
“We are maintaining our guidance and expect revenue growth to range from flat to a low- single digit decline and EBIT margins to remain relatively flat on a year-over-year basis.”
“Revenue in the quarter was $831 million, flat compared to prior year”
Darrell Thomas departed as Director at PITNEY BOWES INC /DE/.
“each of current directors Steven D. Brill, Katie May, Sheila A. Stamps, Mary J. Steele Guilfoile and Darrell Thomas will not stand for re-election to the Board of Directors (the “Board”) at the Annual Meeting.”
Mary J. Steele Guilfoile departed as Director at PITNEY BOWES INC /DE/.
“each of current directors Steven D. Brill, Katie May, Sheila A. Stamps, Mary J. Steele Guilfoile and Darrell Thomas will not stand for re-election to the Board of Directors (the “Board”) at the Annual Meeting.”
Sheila A. Stamps departed as Director at PITNEY BOWES INC /DE/.
“each of current directors Steven D. Brill, Katie May, Sheila A. Stamps, Mary J. Steele Guilfoile and Darrell Thomas will not stand for re-election to the Board of Directors (the “Board”) at the Annual Meeting.”
Katie May departed as Director at PITNEY BOWES INC /DE/.
“each of current directors Steven D. Brill, Katie May, Sheila A. Stamps, Mary J. Steele Guilfoile and Darrell Thomas will not stand for re-election to the Board of Directors (the “Board”) at the Annual Meeting.”
Steven D. Brill departed as Director at PITNEY BOWES INC /DE/.
“each of current directors Steven D. Brill, Katie May, Sheila A. Stamps, Mary J. Steele Guilfoile and Darrell Thomas will not stand for re-election to the Board of Directors (the “Board”) at the Annual Meeting.”
Lance E. Rosenzweig was appointed as Independent Director at PITNEY BOWES INC /DE/.
“On April 4, 2024, the Company announced that the Board appointed Lance E. Rosenzweig as an independent director to fill the vacancy created by Mr. Simon’s resignation, effective immediately.”
William S. Simon resigned as Director at PITNEY BOWES INC /DE/.
“On March 31, 2024, William S. Simon, a member of the Board of Directors (the “Board”) of Pitney Bowes, Inc. (the “Company”), notified the Company of his resignation from the Board, effective immediately.”
John Witek was appointed as Interim Chief Financial Officer at PITNEY BOWES INC /DE/.
“On March 15, 2024, the Company appointed John Witek, the Company’s Vice President, Global Business Services, as interim Chief Financial Officer, effective March 19, 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.