[8-K] Pitney Bowes Inc. Reports Material Event

Rhea-AI Filing Summary

Pitney Bowes Inc. disclosed that Robert Gold ceased serving as EVP, Chief Financial Officer and Treasurer effective July 29, 2025 and that the company entered a separation agreement with him on August 17, 2025. Under the agreement, and subject to a release of claims, Mr. Gold will receive transition pay equal to $450,000, payable in installments on regular paydays following the effective date.

The filing states the written Separation Agreement is attached as Exhibit 10.1 and incorporated by reference; the brief disclosure does not provide additional details about other departure terms, any successor, or broader financial impacts on the company.

Positive

• Payment amount disclosed, providing transparency about the financial terms of the separation
• Separation agreement filed as an exhibit (Exhibit 10.1), allowing investors to review full terms

Negative

• Senior finance leader departure (CFO and Treasurer) which may create short-term operational or execution risk
• Filing omits details about successor arrangements, potential equity vesting treatment, or additional post-employment obligations

Insights

Corporate Governance Expert

TL;DR: Routine executive separation disclosed; payment is modest and contingent on release of claims.

The disclosure describes a standard separation agreement for a departing CFO with a defined cash transition payment of $450,000 and a requirement for a release of claims. For governance reviewers, the key points are transparency of the payment amount and inclusion of the full agreement as an exhibit. The filing omits details such as any ongoing consulting arrangements, non-compete terms, or acceleration of equity awards, so board-level oversight and investor questions should focus on those absent elements.

Financial Analyst

TL;DR: Financial impact is likely immaterial given the disclosed cash amount, but operational continuity merits attention.

From a financial perspective, a one-time cash transition payment of $450,000 is unlikely to materially affect Pitney Bowes’ financial results. However, the departure of a CFO can temporarily affect investor perception and execution on financial strategy until a successor is in place. The filing does not state replacement plans or related costs, which are relevant for assessing near-term execution risk.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

August 17, 2025
Date of Report (Date of earliest event reported)

Pitney Bowes Inc.
(Exact name of registrant as specified in its charter)

Delaware			1-3579			06-0495050
(State or other jurisdiction of incorporation or organization)			(Commission file number)			(I.R.S. Employer Identification No.)

Address:

3001 Summer Street,

Stamford,

Connecticut

06926

Telephone Number:

(203)

356-5000

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, $1 par value per share

PBI

New York Stock Exchange

6.70% Notes due 2043

PBI.PRB

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Act. ☐

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

On August 17, 2025, Pitney Bowes Inc. (the “Company”) entered into a separation agreement (the “Separation Agreement”) with Robert Gold in connection with his cessation of service as EVP, Chief Financial Officer and Treasurer and departure from the Company, each effective as of July 29, 2025 (the “Effective Date”) as described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 30, 2025. Pursuant to the Separation Agreement, subject to a release of claims, Mr. Gold will receive transition pay consisting of a cash amount equal to $450,000, to be paid in installments on regular paydays following the Effective Date.

The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

10.1			Separation Agreement, dated as of August 17, 2025, between Pitney Bowes Inc. and Robert Gold.
104			The cover page of Pitney Bowes Inc.'s Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Pitney Bowes Inc.
			By:			/s/ Lauren Freeman-Bosworth
			Name: Lauren Freeman-Bosworth
Date: August 21, 2025			Title: Executive Vice President, General Counsel and Corporate Secretary

FAQ

What did Pitney Bowes (PBI) disclose about its CFO departure?

The company disclosed that Robert Gold ceased serving as EVP, Chief Financial Officer and Treasurer effective July 29, 2025, and a Separation Agreement was entered on August 17, 2025.

How much will Robert Gold receive under the separation agreement?

Subject to a release of claims, Mr. Gold will receive transition pay equal to $450,000, paid in installments on regular paydays after the effective date.

Is the full separation agreement available to investors?

Yes. The filing states the full Separation Agreement is attached as Exhibit 10.1 and is incorporated by reference in the report.

Does the filing disclose any successor or additional costs related to the CFO departure?

No. The disclosure does not provide information about a successor, consulting arrangements, equity treatment, or other potential costs.

Will the $450,000 payment be paid as a lump sum or installments?

The payment will be made in installments on regular paydays following the effective date.