Pitney Bowes 8-K Filings

Pitney Bowes reported stronger second‑quarter 2026 earnings. Revenue was $451 million, down 2% year over year, but GAAP EPS increased to $0.36 from $0.17 and adjusted EPS to $0.43. GAAP net income reached $50 million, while adjusted EBIT rose 13% to $116 million.

Cash from operations was $153 million and adjusted free cash flow climbed 39% to $148 million. The company reduced debt by $201 million since the end of Q1 2026, repurchased 4.5 million shares for $53 million, and declared a $0.10 per‑share quarterly dividend.

SendTech Solutions revenue declined 1% to $309 million, but adjusted segment EBIT grew 21% to $123 million helped by cost reductions and a $5 million tariff refund. Presort Services revenue fell 5% to $143 million and adjusted segment EBIT dropped 44% to $20 million amid lower volumes and higher transportation costs. For 2026, revenue guidance of $1,800–$1,860 million was reaffirmed, while guidance for adjusted EBIT, adjusted EPS and adjusted free cash flow was raised.

Pitney Bowes Inc. appointed La Vonda Williams to its Board of Directors effective July 21, 2026. She will serve on the Audit Committee, Governance Committee and the Board’s Strategic Review Committee formed in connection with the company’s previously announced strategic review process.

Williams will receive the company’s standard non-management director compensation, including an annual cash retainer of $200,000, plus $20,000 for Audit Committee service and $12,000 for Governance Committee service. She will receive an annual equity grant of restricted stock units based on $100,000, prorated to $81,095 for her mid‑year start, and an additional RSU grant for Strategic Review Committee service based on $278,000, prorated to $225,446; each award vests one year after the grant date. She is also eligible for the Directors’ Deferred Incentive Savings Plan and expense reimbursement. The company highlighted her nearly 20 years of finance and operations leadership, including roles at Onegevity Health, Goldman Sachs, and prior public-company board service, in an accompanying press release dated July 27, 2026.

Pitney Bowes Inc. has redeemed all of its $347 million 6.875% Senior Notes due March 2027 and refinanced part of this obligation by upsizing its existing Term Loan A credit facility. The company added $150 million of new tranche A term loans, bringing total Term Loan A borrowings to $302 million. These incremental loans carry the same pricing and terms as the existing facility, with a maturity date of May 18, 2031. Following the redemption, Pitney Bowes’ next scheduled debt maturity is in March 2029, extending its near‑term debt runway while management highlights expected benefits from reduced leverage, lower interest expense and broader lender participation.

Pitney Bowes Inc. amended its main bank Credit Agreement on May 18, 2026, extending the maturities of its revolving credit facility and Term Loan A to May 2031, which lengthens access to committed bank financing.

The revolving credit facility remains at $450 million and the Term Loan A at $152 million, with total loans outstanding unchanged on the amendment date. The updated agreement adds quarterly-tested financial covenants, including a Consolidated Interest Coverage Ratio of at least 2.00x, a Consolidated Secured Net Leverage Ratio no greater than 3.00x, and a tiered Consolidated Total Net Leverage Ratio tightening from 4.75x for fiscal 2026 to 4.00x from March 31, 2029 onward.

The facilities are guaranteed by certain domestic subsidiaries and secured by substantially all of their assets, with maturities subject to springing provisions tied to existing senior notes. Separately, Fitch initiated coverage, assigning Pitney Bowes a BB- long-term rating with a Stable Outlook and BB+ on senior secured debt.

Pitney Bowes Inc. reported the results of its annual meeting of stockholders held on May 12, 2026. Stockholders elected five directors for one-year terms expiring at the 2027 annual meeting, with support levels generally above 90% of votes cast for most nominees.

For example, Kurt Wolf received 86,058,941 votes for and 660,325 against, while Peter Brimm received 85,592,797 for and 1,118,756 against. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026 by 109,410,968 votes for and 2,182,883 against.

In addition, stockholders approved a non-binding advisory vote on executive compensation, with 83,947,862 votes for, 2,523,786 against and 396,739 abstentions. The Board and its Executive Compensation Committee plan to consider these results when evaluating future executive pay programs.

Pitney Bowes reported a strong first quarter of 2026, delivering higher profits on slightly lower revenue and reaffirming upgraded full-year guidance. Revenue was $477 million, down 3% year over year, but GAAP earnings per share rose to $0.39 from $0.19 as cost controls and mix improvements boosted margins.

Adjusted EPS increased to $0.47 from $0.33 and GAAP net income grew to $58 million from $35 million. Adjusted EBIT rose to $130 million and free cash flow swung to a $44 million inflow from a $20 million outflow. SendTech Solutions posted modestly lower revenue but double-digit Adjusted EBIT growth, while Presort Services saw revenue and profit decline on lower mail volumes.

The company repurchased 17.2 million shares for $186 million year-to-date through May 1, 2026, bringing cumulative buybacks under the authorization to 53.1 million shares for $565 million. The quarterly dividend was raised from $0.09 to $0.10 per share, the fifth increase in six quarters. Management reaffirmed its improved 2026 outlook, guiding to $1.8–$1.86 billion in revenue, $425–$465 million of Adjusted EBIT, Adjusted EPS of $1.50–$1.65, and free cash flow of $345–$380 million.

Pitney Bowes Inc. reported strong preliminary, unaudited results for Q1 2026 and raised its full-year 2026 financial guidance. For the quarter, revenue was approximately $477 million versus $493 million a year earlier, a 3% decline that marks an improvement from prior quarters’ steeper drops.

Adjusted EBIT was about $130 million, up from $120 million, while adjusted EPS rose to roughly $0.47 from $0.33. Free cash flow improved to around $44 million compared with a use of $20 million in Q1 2025. For full-year 2026, the company increased guidance across revenue, Adjusted EBIT, Adjusted EPS and free cash flow ranges, even after deciding to include about $15.4 million of pension-related costs and a $0.08 post-tax pension addback in these adjusted measures.

Pitney Bowes Inc. completed a private Offering of $150,000,000 aggregate principal amount of its 7.250% Senior Notes due 2029, issued as Additional Notes to its existing 7.250% Senior Notes due 2029. After this transaction, total Notes outstanding are $476,000,000.

The company received approximately $146.9 million in net proceeds after purchaser discounts and expenses, which it intends to use for general corporate purposes, including repayment, repurchase or refinancing of other debt. The Notes are senior unsecured obligations, fully and unconditionally guaranteed on a senior unsecured basis by certain wholly owned U.S. subsidiaries.

The Notes bear interest at 7.250% per year, payable semi-annually on March 15 and September 15, and mature on March 15, 2029. The indenture includes customary covenants and events of default, such as nonpayment, covenant breaches, certain bankruptcy events and failures of specified guarantees.

Pitney Bowes Inc. plans to offer an additional $200,000,000 principal amount of its 7.250% Senior Notes due 2029 in a private placement, subject to market and other conditions. These new notes will form a single series with the company’s existing 7.250% Senior Notes due 2029.

The company expects to use the net proceeds for general corporate purposes, including repaying, repurchasing or refinancing other indebtedness. The notes are senior unsecured obligations maturing on March 15, 2029 and will be fully and unconditionally guaranteed by certain existing and future wholly owned U.S. subsidiaries. The additional notes will be offered only to qualified institutional buyers and in offshore transactions and are not registered under the Securities Act.

Pitney Bowes Inc. reported a sharp earnings turnaround for Q4 and full-year 2025 while revenue declined. Fourth-quarter revenue was $478 million, down 7%, but GAAP EPS improved to $0.17 from a loss of $0.21, and adjusted EPS rose 40% to $0.45. Free cash flow in Q4 increased to $212 million from $142 million.

For 2025, revenue fell 7% to $1.89 billion, yet GAAP EPS swung to a profit of $0.84 from a loss of $1.12. Adjusted EPS climbed to $1.35 from $0.82, and adjusted EBIT rose to $461 million from $385 million, with free cash flow up to $358 million.

The company deployed significant cash into capital returns and balance sheet actions, repurchasing 12.6 million shares for $127 million in Q4 and reducing principal debt by $114 million, alongside earlier buybacks that totaled roughly 20% of shares outstanding in 2025. The board increased share repurchase authorization by $250 million and approved a $0.09 quarterly dividend. Pitney Bowes also entered buy-in contracts covering about $875 million of pension obligations.

Segment results were mixed: SendTech revenue declined but delivered higher adjusted EBIT through cost savings, while Presort revenue and profitability fell on lower volumes. For 2026, the company guides revenue to $1.76–$1.86 billion, adjusted EBIT to $410–$460 million, adjusted EPS to $1.40–$1.60, and free cash flow to $340–$370 million, supported by ongoing cost discipline and capital allocation plans.

Pitney Bowes Inc. reported that it has completed the expiration, determined the results, and increased the size of its previously announced cash tender offers for certain outstanding debt. The company’s tender offers now cover up to a maximum $80 million aggregate amount, increased from $75 million, of its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037. These details were announced on December 22, 2025 and provided through a press release furnished under Regulation FD.

Pitney Bowes Inc. announced that it has begun cash tender offers to buy back up to a maximum aggregate amount of $75 million of its outstanding debt securities. The offers cover the company’s 6.70% Notes due 2043 and its 5.250% Medium-Term Notes due 2037, and are subject to certain conditions that must be met before any purchases are completed.

The company disclosed this action to inform holders of these notes and the market that it may reduce a portion of its long-term debt if noteholders choose to participate in the tender offers.

Pitney Bowes Inc. reported quarterly results via an 8-K. On October 29, 2025, the company issued a press release with financial results for the three and nine months ended September 30, 2025 and 2024, including consolidated statements of income, supplemental information, a reconciliation of reported to adjusted results, and consolidated balance sheets at September 30, 2025 and December 31, 2024. A letter from President and CEO Kurt Wolf discussing third-quarter 2025 results was also provided. Both materials were filed as Exhibits 99.1 and 99.2.

Pitney Bowes Inc. disclosed that Milena Alberti-Perez resigned from its Board of Directors effective September 29, 2025. The filing states her resignation was not the result of any dispute or disagreement with the company regarding its operations, policies, or practices. The company furnished a press release dated October 3, 2025 as Exhibit 99.1 to this current report; the exhibit is incorporated by reference into the filing but the exhibit information is not deemed "filed" under the Exchange Act for Section 18 liability purposes. No financial statements, transactions, or other additional disclosures were included in the content provided.

Pitney Bowes Inc. reported that Executive Vice President and President, Sending Technology Solutions, Shemin Nurmohamed, ceased service effective end of business on September 11, 2025, and on September 25, 2025 entered into a Separation Agreement. Under the agreement Ms. Nurmohamed will receive a $636,000 cash Separation Amount (representing 52 weeks of base salary) paid as regular payroll installments, plus a lump sum payment of $354,069 to be paid within 30 days after the Separation Date, with applicable taxes and withholdings. The agreement also preserves the vesting and exercisability of certain incentive awards that were granted before the Separation Date and outstanding for at least one year as of the Separation Date. The filing attaches the full Separation Agreement as Exhibit 10.1.

Pitney Bowes Inc. announced several leadership and board changes. The board appointed Wayne Walker as a director, effective September 15, 2025, and he will serve on the Governance Committee and the Executive Compensation Committee. He will receive the company’s standard non-management director compensation.

The company also reported that Shemin Nurmohamed ceased serving as Executive Vice President and President, Sending Technology Solutions, and departed from Pitney Bowes as of the end of business on September 11, 2025. She will be succeeded in that role by Todd Everett, who resigned from the board on September 11, 2025, with his resignation effective September 14, 2025. A press release describing these executive and board transitions was furnished as an exhibit.

Pitney Bowes Inc. filed a Current Report on Form 8-K disclosing a First Incremental Facility Amendment dated August 29, 2025 among Pitney Bowes, the named loan parties, the lenders and issuing banks, with Bank of America, N.A. serving as administrative agent. The filing also notes that the cover page of the Current Report is presented in Inline XBRL. The document is signed by Lauren Freeman-Bosworth, Executive Vice President, General Counsel and Corporate Secretary, with a signature date of September 2, 2025.

The amendment is identified as a financing agreement action but the brief disclosure does not include terms such as the size of the incremental facility, pricing, maturity changes, covenants, or any covenant waivers. Because the filing provides only the amendment title, parties, and dates without economic or covenant details, readers cannot assess the amendment's financial impact from the disclosed text alone.

Pitney Bowes Inc. filed an amended current report on Form 8-K to correct an exhibit previously furnished on August 21, 2025. The amendment is limited to attaching the proper Separation Agreement dated August 17, 2025 between Pitney Bowes Inc. and Robert Gold.

The company states that no other portion of the original report is being changed by this amendment, indicating the underlying disclosure remains the same and the update is administrative.

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.

Pitney Bowes completed a private offering of $230.0 million aggregate principal amount of 1.50% Convertible Senior Notes due 2030, receiving approximately $221.4 million in net proceeds after discounts and offering expenses. The company used about $24.7 million of those proceeds to pay for capped call transactions intended to reduce potential dilution and used about $61.9 million to repurchase 5,535,928 shares of common stock at $11.18 per share. The remainder is designated for general corporate purposes, including possible debt repayment or refinancing.

The Convertible Notes are senior unsecured obligations guaranteed by certain U.S. subsidiaries, accrue interest at 1.50% payable semiannually, and mature on August 15, 2030. The initial conversion rate is 70.1533 shares per $1,000 principal (about $14.25 per share) and the initial maximum conversion rate is 89.4454 shares per $1,000 principal, which corresponds initially to up to 20,572,442 shares of common stock. Capped call transactions carry an initial cap price of $22.36 per share; the notes are not redeemable prior to August 21, 2028 and include customary events of default and repurchase rights on certain fundamental changes.