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HP(HPQ) - 2026 Q1 - Quarterly Results
2026-02-24 21:18
Corporate Governance - HP Inc. has established its registered office in Delaware as per its Certificate of Incorporation[2] - The Board of Directors may exercise all powers of HP not required to be exercised by stockholders[65] - The Board of Directors will consist of a total of twelve (12) authorized directorships[66] - Directors elected will serve a term expiring at the succeeding annual meeting of stockholders[67] - A person must not have been an officer or director of a competitor of HP within the three years preceding the notice date to qualify as a director[69] - The Board of Directors may designate one or more committees to serve at their pleasure, with authority equivalent to the Board[96] - The executive committee may exercise all powers of the Board during intervals between meetings[99] - HP's officers include a chief executive officer and a secretary, with the Board of Directors having the authority to appoint other officers as needed[101] - The compensation for Section 16 Officers is determined by the HR and Compensation Committee, while the chief executive officer's compensation is set by independent directors[102] - Any officer can be removed or suspended at the discretion of the Board of Directors or the chief executive officer[103] - The chief executive officer has the authority to supervise HP's business affairs and call meetings of the Board of Directors[104] - In the event of the chief executive officer's disability or death, the chief financial officer will assume their duties until the Board appoints a successor[105] - HP will indemnify directors and officers against expenses and liabilities incurred in legal proceedings, to the fullest extent permitted by Delaware law[111] - Claimants seeking indemnification must submit a written request to HP's secretary, including necessary documentation[112] - HP may purchase insurance for its directors, officers, employees, or agents against liabilities incurred in their capacities[117] - HP will advance expenses to current or former directors or officers prior to the final disposition of a proceeding, upon receipt of a request[119] - The rights conferred by the indemnification article will continue for individuals who have ceased to be directors, officers, or agents, benefiting their heirs[122] Stockholder Meetings - The annual meeting of stockholders will be held each year on a date designated by the Board of Directors[5] - Stockholders must provide timely notice for nominations or business to be conducted at the annual meeting, specifically between 90 and 120 days prior to the meeting[7] - Only stockholders who comply with the notice procedures will be eligible to propose business or nominate directors at the annual meeting[12] - The chair of the annual meeting has the authority to determine if business was properly brought before the meeting[10] - Stockholders must notify HP of their intention to present a proposal in compliance with the regulations under the 1934 Act[11] - Nominations for directors can be made by stockholders who are entitled to vote and comply with the notice procedures[12] - A stockholder's notice must include specific information about the business proposed and the stockholder's ownership of shares[9] - The number of nominees a stockholder may nominate cannot exceed the number of directors to be elected at the annual meeting[7] - Any stockholder soliciting proxies must use a proxy card color other than white, which is reserved for the Board of Directors[12] - Stockholders must provide timely written notice to HP's secretary for director nominations, including detailed information about the nominee and stockholder[14] - Nominations will be disregarded if stockholders fail to comply with the required procedures or provide false information[15] - HP will include Stockholder Nominees in its proxy statement if they meet the eligibility requirements and elect to be included[17] - The "Required Information" for Stockholder Nominees includes details required by the 1934 Act regulations[18] - HP is not obligated to include Stockholder Nominees if a notice of nomination has already been received[19] - The maximum number of Stockholder Nominees in HP's proxy materials is capped at 20% of the current board of directors[20] - Eligible Stockholders must possess full voting and investment rights for the shares they claim to own[22] - The Board of Directors will determine whether shares are "owned" for the purposes of nominations[23] - An Eligible Stockholder must own at least 3% of HP's outstanding common stock continuously for three years to propose a Stockholder Nominee[24] - A special meeting of stockholders can be called by the Board of Directors or by stockholders owning at least 15% of the total shares entitled to vote[31] - Stockholder Nominees must receive at least 25% of the votes cast in favor of their election to remain eligible for future nominations[27] - Stockholders may provide a written statement of up to 500 words in support of their Stockholder Nominee's candidacy for inclusion in HP's proxy statement[25] - Business transacted at a special meeting requested by stockholders is limited to the matters described in the special meeting request[35] - Stockholders must comply with all applicable requirements of the 1934 Act when soliciting proxies or nominations[29] - A stockholder's ownership of shares is determined by their voting and economic rights as of the record date for the special meeting[32] - The Board of Directors may decline to call a special meeting if a similar item was presented at a meeting within 120 days prior to the request[31] - All notices of stockholders' meetings will be sent not less than ten (10) nor more than sixty (60) days before the meeting date[38] - A majority in voting power of the stock issued and outstanding will constitute a quorum for stockholders' meetings[41] - If a quorum is not present, the meeting may be adjourned until a quorum is present[44] - Each stockholder is entitled to one vote for each share of capital stock registered in their name[47] - Proxies may be authorized in writing and are valid for up to three (3) years unless stated otherwise[57] - Directors are elected by a majority of votes cast at stockholder meetings, with a plurality required if a quorum is present[71] - Vacancies on the Board can be filled by a majority of remaining directors, even if less than a quorum[73] - Directors hold office until the next annual meeting of stockholders or until their earlier resignation or removal[76] - A majority of the authorized number of directors constitutes a quorum for business transactions[85] - Directors may receive compensation for their services as determined by the Board of Directors[93] Bylaws and Amendments - HP's bylaws can be adopted, amended, or repealed by stockholders entitled to vote, with certain powers potentially conferred to directors[151] - Any amendment or deletion of specific sections of the bylaws requires the affirmative vote of a majority of the voting power of outstanding shares[151] - The provisions regarding the exclusive forum for certain actions are established to be the Court of Chancery of the State of Delaware[149]
PayPal Sells Off Hard as Checkout Growth Slows and 2026 Outlook Disappoints
Investing· 2026-02-03 20:37
Market Analysis by covering: PayPal Holdings Inc. Read 's Market Analysis on Investing.com ...
HP: Priced Too Low With A High Yield
Seeking Alpha· 2026-02-03 19:30
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium ...
HP and Karamba Security Sign Multi-Year Licensing Agreement to Protect HP's Printers
Globenewswire· 2026-02-03 18:18
PALO ALTO, Calif. and HOD HASHARON, Israel, Feb. 03, 2026 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ), the world’s largest printer provider, and Karamba Security, a global leader in product cybersecurity, announced today that HP has renewed its multi‑year agreement to license Karamba’s XGuard® software across HP’s printers. Modern printers are networked, cloud-connected, computing devices. As a result, they have become prime targets for attackers. Hackers exploit vulnerabilities in printer firmware, extract sensitiv ...
PayPal Poaches HP's CEO in Rare Tech Leadership Raid – What HP Knows That We Don't
247Wallst· 2026-02-03 13:30
Core Insights - PayPal has appointed Enrique Lores, former CEO of HP Inc, as its new chief executive, marking a significant move in Silicon Valley where a sitting CEO is poached from another public company [1] - PayPal reported Q4 2025 revenue of $14.64 billion, which is an 8% year-over-year increase but 11% below its starting point for 2026 [1] - Despite Lores' successful leadership at HP, where the Personal Systems segment grew, HP's stock has significantly declined, indicating a lack of market confidence in its future [1][2] Company Performance - PayPal's stock has been under pressure despite consistently beating earnings estimates, highlighting a disconnect between operational performance and stock market confidence [2] - Interim CEO Jamie Miller acknowledged that PayPal is struggling against competitors, indicating a need for strategic improvement [2] Strategic Implications - The decision to hire Lores suggests that PayPal is looking to modernize its business model in the fintech space, similar to what he attempted at HP [2] - Lores' initial focus will be on addressing PayPal's challenges in branded checkout, with a critical evaluation expected within his first 90 days [2]
PayPal Poaches HP’s CEO in Rare Tech Leadership Raid – What HP Knows That We Don’t
Yahoo Finance· 2026-02-03 13:30
Company Moves - PayPal has appointed Enrique Lores, former CEO of HP, as its new chief executive effective February 3, 2026, marking a rare instance of a public company poaching a sitting CEO from another [2][6] - Lores led HP through six consecutive quarters of revenue growth, with Q4 2025 revenue reaching $14.64 billion, surpassing the consensus estimate of $14.06 billion [3][6] Market Performance - Despite Lores' operational successes, HP's stock has declined by 36% over the past year and is currently 11% below its starting point for 2026, indicating a lack of market confidence in HP's future [3] - PayPal's stock has dropped 41% over the past year, even while consistently beating earnings estimates, suggesting that execution alone does not guarantee positive stock performance [4][6] Strategic Challenges - PayPal faces significant challenges in its branded checkout segment, with interim CEO Jamie Miller acknowledging that execution has not met expectations, indicating competitive pressures [4] - The strategic question arises regarding what insights HP's board may have that the market does not, as they release a CEO who achieved operational wins but could not reverse the decline of a legacy hardware business [4] - PayPal is betting that Lores can modernize its business model in fintech, similar to what he could not achieve at HP, with a focus on addressing branded checkout struggles and developing a credible AI-driven payments strategy by mid-2026 [4]
PayPal Names HP Inc.'s Lores as CEO and Misses Earnings Estimates. Stock Drops 16%.
Barrons· 2026-02-03 12:31
Core Viewpoint - HP CEO Enrique Lores will take over as the next chief executive of PayPal, succeeding Alex Chriss [1] Company Summary - Enrique Lores, currently the CEO of HP, is set to lead PayPal as its new chief executive [1]
HPQ Silicon Increases Equity Stake in Novacium SAS, Strengthening Global Exposure and Short and Medium-Term Value Creation
Globenewswire· 2026-02-03 12:30
Core Viewpoint - HPQ Silicon Inc. has increased its equity interest in Novacium SAS from 28.4% to 36.8%, reflecting a strategic move to enhance value participation as Novacium's technologies progress towards commercialization [1][5][11]. Transaction Details - The transaction involves HPQ acquiring an additional 8.4% interest in Novacium for a total consideration of C$4,033,425 (€2,500,000) through the issuance of common shares at a deemed price of C$0.18 per share [2][3]. - HPQ will issue a total of 22,407,916 common shares to three shareholders as part of this transaction [3]. Strategic Implications - The increased ownership is seen as a way to enhance HPQ's economic exposure to future upside while maintaining a disciplined investment approach [6][9]. - This move strengthens HPQ's participation in international revenues and royalty flows, particularly important given Novacium's portfolio of interdependent process technologies [7][8]. - The transaction is expected to improve alignment around intellectual property stewardship and commercialization strategy, reducing exposure to fragmented licensing and competing regional priorities [8][9]. Corporate Development Perspective - The increased stake enhances HPQ's flexibility regarding future strategic partnerships and value-realization paths while maintaining a disciplined capital deployment strategy [9]. - Management believes this transaction reduces execution risk by aligning HPQ more closely with Novacium's founders and technical leadership [9]. Technology Portfolio Expansion - Novacium represents a strategically important extension of HPQ's technology portfolio, focusing on multiple high-value platforms including battery materials, hydrogen systems, and circular-economy solutions [10][14]. - The company is developing silicon-based high-performance battery materials and hydrogen generation systems, which align with HPQ's broader energy-transition focus [15][16]. Execution Capabilities - Novacium's technical leadership and execution capabilities are considered key differentiators, allowing HPQ to extend its technical reach without duplicating infrastructure [18][19]. - The collaboration is expected to support execution across battery and hydrogen initiatives, reinforcing a partnership built around shared objectives and long-term value creation [20].
惠普盘前跌逾2%
Ge Long Hui A P P· 2026-02-03 12:24
格隆汇2月3日|惠普(HPQ.US)盘前跌2.2%,此前公司宣布领导层变动,其CEO洛雷斯辞职并转投 PayPal。 ...
惠普公司股价盘前下跌2.2%
Mei Ri Jing Ji Xin Wen· 2026-02-03 12:18
每经AI快讯,2月3日,惠普公司股价盘前下跌2.2%。 ...