International Business Machines Corporation · NYSE:IBM
International Business Machines — Shareholder Meeting (March 2019)
17 slides from International Business Machines's shareholder meeting presentation, Mar 25, 2019
Slide 1: 2018 Business Highlights
2018 Business Highlights IBM returned to growth in 2018, grew earnings per share and stabilized margins Strategy Full-year revenue growth Cloud revenue of $19 billion, with growth led by as-a-Service $79.6B Revenue 46.4% Gross Profit Margin Stabilized margins, with margin expansion in the second hal
Slide 2: IBM's Strong Foundation for the Cognitive and Cloud Era
IBM’s Strong Foundation for the Cognitive and Cloud Era IBM is uniquely positioned to move enterprise clients to the next chapter of digital reinvention Strategy Integrated Model 3 Innovative Technologies Trust and Security Industry Expertise Scaling AI Moving from experimentation to production, sca
Slide 3: Positioned for the Future
Positioned for the Future IBM has taken actions to lead in the emerging, high-value segments of the IT market, and deliver long-term value to stockholders Strategy Longer-Term Financial Model IBM Today Recent Actions #1 in enterprise IT, and #1 in… Revenue low single-digit growth Maintained high lev
Slide 4: Stockholder Engagement
Stockholder Engagement Commitment to Stockholder Engagement and Responsiveness We have a continuous practice of meeting with a significant number of our largest investors throughout the year to solicit and incorporate feedback into our practices and disclosures Engaging with Stockholders Gathering F
Slide 5: Executive Compensation Aligns with High-Value Business Model
Executive Compensation Aligns with High-Value Business Model Compensation Compensation Committee ensures that our pay programs for our senior executives are closely aligned to IBM’s strategy and performance • Market competitive cloud platform company multiple years Relative ROIC Modifier: Measures r
Slide 6: Performance-Based Executive Compensation
Performance-Based Executive Compensation Compensation Annual and long-term incentive program target metrics are set at rigorous levels, with pay-at-risk designed to balance short-and long-term business objectives LONG-TERM PERFORMANCE SHARE UNIT PAYOUTS AS % OF TARGET CEO ANNUAL INCENTIVE PROGRAM AS
Slide 7: Thoughtful Approach to Active Board Refreshment
Thoughtful Approach to Active Board Refreshment Governance Our Director Nominees, all leaders in their respective fields, have a deep understanding of our business and extensive industry expertise to contribute diverse and fresh perspectives As part of our robust and proactive refreshment efforts we
Slide 8: Optimal Mix of Skills and Experience for Director Nominees
Optimal Mix of Skills and Experience for Director Nominees Governance The Board is committed to ongoing, proactive refreshment and maintaining a diversity of backgrounds, talents and perspectives Industry leaders with deep executive and oversight experience Less Than 5 Years 5-10 Years Global experi
Slide 9: Commitment to Governance Best Practices
Commitment to Governance Best Practices The table below highlights practices that IBM embraces in support of strong governance Governance below market value 10 Compensation Governance Best Practices Tie a significant portion of pay to Company performance Maintain robust clawback provisions Stock own
Slide 10: Corporate Responsibility is Smart Business
Corporate Responsibility is Smart Business Under the Board’s guidance and supervision, IBM’s longstanding commitment to the highest standards of corporate responsibility is an integral part of our long-term performance strategy Sustainability • We apply our technology and talent to create solutions
Slide 11: Voting Item 5: Stockholder Proposal on Written Consent
Voting Item 5: Stockholder Proposal on Written Consent The Board recommends a vote AGAINST this proposal and believes that action by written consent without prior notice to all stockholders is not in the best interest of stockholders Proposals Majority written consent would allow a bare majority of
Slide 12: Voting Item 6: Stockholder Proposal on Independent Chairman
Voting Item 6: Stockholder Proposal on Independent Chairman Proposals The Board recommends a vote AGAINST this proposal because the Board’s flexibility to determine the appropriate leadership structure is essential and IBM has a robust Lead Director role ensuring effective independent oversight The
Slide 13: We Request Your Support at the 2019 Annual Meeting of Stockholders
We Request Your Support at the 2019 Annual Meeting of Stockholders Proposals Public Accounting Firm 14 To express our appreciation for your participation in our annual meeting, IBM will make a $1 charitable donation to AnitaB.org on behalf of every stockholder account that votes this year. AnitaB.or
Slide 14: We Request Your Support at the 2019 Annual Meeting of Stockholders
We Request Your Support at the 2019 Annual Meeting of Stockholders FOR Election of all Twelve Director Nominees FOR Ratification of PricewaterhouseCoopers LLP as IBM's Independent Registered The Board asks that Public Accounting Firm you vote: FOR Advisory Vote on Executive Compensation For all mana
Slide 15: Appendix A
Appendix A 16
Slide 16: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non-GAAP Information Certain comments made in this presentation may be characterized as forward looking under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and f
Slide 17: Dear IBM Senior Leaders: Voting Your IBM Shares for the 2019 Annual Meeting
[E-MAIL] Dear IBM Senior Leaders: Re: Voting Your IBM Shares for the 2019 Annual Meeting I am writing to remind each of you to make sure to vote all of your IBM shares for the 2019 Annual Meeting. By now you should have received a copy of IBM’s 2019 Proxy Statement along with the proxy card or notic
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