Every 8-K that Kyndryl Holdings, Inc. (KD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KD filings page.
Kyndryl Holdings, Inc. agreed to sell $600 million aggregate principal amount of 7.800% Senior Notes due 2029 and $400 million aggregate principal amount of 7.875% Senior Notes due 2032; the notes were offered and sold under its shelf registration statement. Both series are senior unsecured obligations ranking equally with each other and with the company’s existing and future senior unsecured debt, and neither is guaranteed by subsidiaries.
Kyndryl intends to use net proceeds to repay at maturity $700 million of 2.05% senior notes due October 2026. Any remaining net proceeds, together with cash on hand, are intended for the revolving credit balance and related fees and expenses. Interest rates may adjust if Moody’s, S&P or Fitch downgrade or subsequently upgrade the debt rating applicable to the notes. Before August 28, 2029 for the 2029 Notes and December 15, 2031 for the 2032 Notes, the company may redeem at a make-whole price; on or after those dates, it may redeem at 100% of principal plus accrued and unpaid interest. The indenture restricts liens, sale-and-leaseback transactions and certain mergers or asset transfers, and requires a repurchase offer after certain change-of-control events.
Kyndryl Holdings reported results for the quarter ended June 30, 2026, the first quarter of its fiscal 2027. Revenue was $3,618 million, down 3% year over year on both a reported and constant-currency basis, with segment revenue of $954 million in the United States, $534 million in Japan, $1,262 million in Principal Markets and $868 million in Strategic Markets.
The company recorded a pretax loss of $69 million versus pretax income of $92 million a year earlier, and a net loss of $55 million, or ($0.25) per diluted share, compared with net income of $56 million, or $0.23 per diluted share. Results included $152 million of workforce rebalancing charges, a $40 million transaction-related gain from the sale of a digital solutions subsidiary and an $38 million impairment related to a U.S. facility sale. On a non-GAAP basis, adjusted pretax loss was $37 million, adjusted net loss was $26 million or ($0.12) per diluted share, and adjusted EBITDA was $512 million with a 14.2% margin versus 17.3% in the prior-year quarter.
Cash used in operating activities was $310 million compared with $124 million, and free cash flow was a use of $401 million versus $222 million. Cash and equivalents were $2,104 million and total debt was $4,070 million as of June 30, 2026. Contract signings were $3.9 billion, up from $3.2 billion, and Kyndryl reaffirmed its fiscal 2027 outlook.
Kyndryl Holdings, Inc. reported the results of its July 30, 2026 annual meeting of stockholders. Stockholders approved the Amended and Restated Kyndryl 2021 Long-Term Performance Plan, increasing shares issuable under the plan by 7,600,000. They also elected six directors, with each nominee receiving support from approximately 90% of votes cast.
Stockholders approved, on an advisory basis, compensation of the named executive officers, with 75% of votes present and entitled to vote in favor, and approved the Amended Plan with 94% supporting votes. In addition, 97% of votes present and entitled to vote ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending March 31, 2027.
Kyndryl Holdings, Inc. is strengthening its senior leadership team by appointing Ellen Johnson as Chief Financial Officer and Andrew Bonzani as General Counsel and Secretary. Johnson will join on July 20, 2026 and become CFO the day after Kyndryl files its Form 10-Q for the quarter ended June 30, 2026, succeeding interim CFO Harsh Chugh, who will remain to support the transition. Bonzani’s appointment as General Counsel and Secretary is effective immediately, with prior interim Mark Ringes returning to Deputy General Counsel.
Johnson’s compensation includes a $1,000,000 base salary, a target annual incentive of 125% of salary, a fiscal 2027 long-term incentive award targeted at $4,500,000 split between performance share units and restricted stock units, and a $1,500,000 sign-on RSU grant. Bonzani will receive a $900,000 base salary, a 125% target annual incentive, a fiscal 2027 long-term incentive award targeted at $2,500,000, and a $1,250,000 sign-on RSU grant, with multi-year vesting tied to performance and service.
Kyndryl Holdings reported flat fiscal 2026 revenue of $15.1 billion, while GAAP net income fell to $198 million (from $252 million) and diluted EPS to $0.85. Non‑GAAP results improved, with adjusted pretax income rising to $581 million (up 21%) and adjusted EBITDA to $2.7 billion (up 6%).
Free cash flow for the year was $406 million, and Kyndryl generated $13.5 billion of signings, including 38 contracts above $50 million. The company repurchased 11.6 million shares for $304 million, totaling 6% of shares since program launch.
Kyndryl also approved workforce rebalancing actions, estimating about $200 million of severance and related charges, largely in fiscal 2027, and targeting annualized run‑rate operating expense savings of $400–$500 million in fiscal 2028.
Kyndryl Holdings, Inc. filed an amended report to update compensation details for two interim finance leaders. Interim Chief Financial Officer Harsh Chugh will receive a one-time restricted stock unit grant with a grant date fair value of $500,000, vesting six months from grant, plus a supplemental monthly cash payment of $35,000. Interim Corporate Controller Bhavna Doegar will receive a one-time restricted stock unit grant with a grant date fair value of $864,000, vesting in full three years from grant. Both restricted stock unit grants are scheduled for the next regular quarterly grant date on March 2, 2026.
Kyndryl Holdings reported third-quarter fiscal 2026 revenue of $3.9 billion, up 3% year over year on a reported basis and flat in constant currency. Net income was $57 million, or $0.25 per diluted share, down from $215 million, or $0.89, mainly because the prior-year quarter included a significant transaction-related gain.
Adjusted results were steadier: adjusted pretax income was $168 million versus $160 million, adjusted net income was $122 million, and adjusted EPS was $0.52 versus $0.51. Adjusted EBITDA was $696 million, with an 18.0% margin.
Cash generation strengthened. Cash flow from operations reached $427 million versus $260 million, and free cash flow was $217 million versus $167 million. Trailing-twelve-month signings were $15.4 billion, and the company signed eleven contracts over $50 million in the quarter. Kyndryl also disclosed that filing its Quarterly Report on Form 10-Q will be delayed pending an ongoing review but stated it does not expect a restatement or other impact to its financial statements.
Kyndryl Holdings announced several senior leadership changes. The Board appointed Harsh Chugh as Interim Chief Financial Officer and Bhavna Doegar as Interim Corporate Controller, effective immediately. Both have extensive prior experience in finance, operations and strategy roles at the company and other large enterprises.
Concurrently, former Chief Financial Officer David Wyshner left his role, and Edward Sebold departed as General Counsel. Senior Vice President and Global Controller Vineet Khurana moved into a different role at the company. Kyndryl also named Mark Ringes as Interim General Counsel. Existing compensation arrangements for Chugh and Doegar remain unchanged as of this filing.
Kyndryl Holdings, Inc. reported that its Chief Human Resources Officer, Maryjo Charbonnier, has notified the company of her intent to retire from her role, effective March 31, 2026. She has held the position for more than four years since Kyndryl became a public company and has nearly twenty years of experience as a public-company chief human resources officer.
After stepping down as Chief Human Resources Officer, Ms. Charbonnier will remain with Kyndryl as an Executive Advisor until August 31, 2026, providing continuity during the leadership transition.
Kyndryl Holdings (KD) furnished an 8-K to announce it issued a press release with results for its second fiscal quarter ended September 30, 2025. The press release is included as Exhibit 99.1.
The company states the information provided under Item 2.02, including Exhibit 99.1, is being furnished and is not deemed filed for purposes of Section 18 of the Exchange Act, except as specifically incorporated by reference. A Cover Page Inline XBRL file is included as Exhibit 104.