IBM (IBM) Proxy filing summary

Executive summary

• Strategy in 2025 focused on AI and hybrid cloud, driving growth and innovation, with $67.5B in revenue and $13.2B cash from operations.

• Returned $6.3B to stockholders via dividends, marking the 30th consecutive annual increase.

• Positioned for continued success and value creation in 2026.

Voting matters and shareholder proposals

• Board recommends voting for director elections, auditor ratification, say-on-pay, and the 2026 Long-Term Performance Plan.

• Recommends voting against proposals on director stock ownership guideline changes, right to act by written consent, AI bias reporting, and discrimination in charitable support reporting.

Board of directors and corporate governance

• Board is independent, engaged, and globally diverse, with recent addition of Ramon Laguarta, CEO of PepsiCo.

• Ongoing board refreshment ensures expertise in technology and global business strategy.