[8-K] Qualcomm Inc Reports Material Event
QUALCOMM Incorporated announced a leadership change effective August 25, 2025: Neil Martin transitioned from Senior Vice President, Finance and Chief Accounting Officer to Senior Vice President, Corporate Development, where he will lead M&A and strategic initiatives and stepped down as Chief Accounting Officer. The company appointed Patricia Grech, age 53, as Senior Vice President and Chief Accounting Officer effective immediately. Ms. Grech has served as Vice President, Finance and Controller since December 2022 and held finance roles at Qualcomm since 2006. Her compensation package includes a $380,546 base salary, a target bonus of 35% of base salary beginning fiscal 2026, and a promotion restricted stock unit grant with a grant-date fair value of $85,000. The filing states there are no related-party arrangements requiring disclosure, and Ms. Grech will participate in standard company benefits.
QUALCOMM Incorporated ha annunciato un cambiamento ai vertici operativo dal 25 agosto 2025: Neil Martin è passato da Senior Vice President, Finance e Chief Accounting Officer a Senior Vice President, Corporate Development, dove guiderà fusioni e acquisizioni e iniziative strategiche, rinunciando al ruolo di Chief Accounting Officer. La società ha nominato con effetto immediato Patricia Grech, 53 anni, Senior Vice President e Chief Accounting Officer. La signora Grech è stata Vice President, Finance and Controller dal dicembre 2022 e ricopre ruoli finanziari in Qualcomm dal 2006. Il suo pacchetto retributivo comprende uno stipendio base di $380.546, un bonus obiettivo pari al 35% dello stipendio base a partire dall'esercizio 2026 e un assegno di restricted stock unit per promozione con un fair value alla data di assegnazione di $85.000. La comunicazione indica che non esistono rapporti con parti correlate da divulgare e che la signora Grech parteciperà ai benefici aziendali standard.
QUALCOMM Incorporated anunció un cambio en el liderazgo con efecto desde el 25 de agosto de 2025: Neil Martin pasó de Senior Vice President, Finance y Chief Accounting Officer a Senior Vice President, Corporate Development, donde dirigirá fusiones y adquisiciones e iniciativas estratégicas, y dejó el puesto de Chief Accounting Officer. La compañía nombró con efecto inmediato a Patricia Grech, de 53 años, como Senior Vice President y Chief Accounting Officer. La Sra. Grech se desempeñó como Vice President, Finance and Controller desde diciembre de 2022 y ha ocupado cargos financieros en Qualcomm desde 2006. Su paquete de compensación incluye un salario base de $380,546, un bono objetivo del 35% del salario base a partir del ejercicio fiscal 2026 y una asignación de restricted stock units por promoción con un valor razonable en la fecha de otorgamiento de $85,000. El informe indica que no existen acuerdos con partes relacionadas que deban divulgarse y que la Sra. Grech participará en los beneficios estándar de la compañía.
QUALCOMM Incorporated는 2025년 8월 25일부로 리더십 변경을 발표했습니다. 닐 마틴(Neil Martin)은 수석부사장(Senior Vice President), 재무 및 최고회계책임자(Chief Accounting Officer)에서 기업개발(Senior Vice President, Corporate Development) 수석부사장으로 이동해 인수합병(M&A) 및 전략적 이니셔티브를 이끌며 최고회계책임자 직책에서 물러났습니다. 회사는 즉시 발효로 패트리샤 그레치(Patricia Grech, 53세)를 수석부사장 겸 최고회계책임자에 임명했습니다. 그레치 씨는 2022년 12월부터 재무담당 부사장(Vice President, Finance and Controller)을 역임했으며 2006년부터 Qualcomm에서 재무 업무를 맡아왔습니다. 보수 패키지에는 기본급 $380,546, 2026 회계연도부터 기본급의 35%를 목표로 하는 보너스, 승진 관련 제한부주식(RSU) 부여의 부여일 공정가치 $85,000가 포함됩니다. 제출 서류에는 공개 대상이 되는 특수 관계자 관련 거래가 없으며 그레치 씨는 회사의 표준 복리후생에 참여한다고 명시되어 있습니다.
QUALCOMM Incorporated a annoncé un changement de direction effectif au 25 août 2025 : Neil Martin est passé de Senior Vice President, Finance et Chief Accounting Officer à Senior Vice President, Corporate Development, où il dirigera les fusions‑acquisitions et les initiatives stratégiques, et a quitté ses fonctions de Chief Accounting Officer. La société a nommé avec effet immédiat Patricia Grech, 53 ans, au poste de Senior Vice President et Chief Accounting Officer. Mme Grech est Vice President, Finance and Controller depuis décembre 2022 et occupe des fonctions financières chez Qualcomm depuis 2006. Son package de rémunération comprend un salaire de base de $380,546, une prime cible de 35% du salaire de base à compter de l’exercice 2026, et une attribution de restricted stock units liée à la promotion d’une juste valeur à la date d’attribution de $85,000. le dossier indique qu’il n’existe pas d’accords avec des parties liées à divulguer et que Mme Grech bénéficiera des avantages sociaux standard de l’entreprise.
QUALCOMM Incorporated gab eine Führungsänderung bekannt, die am 25. August 2025 wirksam wird: Neil Martin wechselte von der Position Senior Vice President, Finance und Chief Accounting Officer zu Senior Vice President, Corporate Development, wo er M&A und strategische Initiativen leiten wird, und trat von der Position des Chief Accounting Officer zurück. Das Unternehmen ernannte mit sofortiger Wirkung Patricia Grech, 53 Jahre, zur Senior Vice President und Chief Accounting Officer. Frau Grech war seit Dezember 2022 Vice President, Finance and Controller und bekleidet seit 2006 Finanzpositionen bei Qualcomm. Ihr Vergütungspaket umfasst ein Grundgehalt von $380.546, einen Zielbonus von 35% des Grundgehalts ab dem Geschäftsjahr 2026 sowie eine Beförderungs-Restricted-Stock-Unit-Zuteilung mit einem beizulegenden Zeitwert am Zuteilungstag von $85.000. Die Einreichung gibt an, dass keine transaktionsrelevanten Beziehungen mit nahestehenden Parteien offenzulegen sind und dass Frau Grech an den üblichen Unternehmensleistungen teilnimmt.
- Orderly internal succession with Patricia Grech promoted from Controller to CAO, preserving institutional accounting knowledge
- Experienced candidate: Ms. Grech has held finance roles at Qualcomm since 2006 and served as VP, Finance and Controller since 2022
- Clear compensation disclosure: base salary $380,546, target bonus 35% starting fiscal 2026, and $85,000 RSU promotion grant
- No related-party arrangements reported in connection with the appointment
- None.
Insights
TL;DR: Internal succession preserves continuity; adds an experienced finance leader as CAO while moving the prior CAO to M&A.
The appointment of Patricia Grech continues an internal promotion path, which typically reduces onboarding risk and preserves institutional knowledge for accounting controls and reporting. Moving Neil Martin to lead M&A centralizes deal leadership with an executive who has CFO-level finance experience, which could streamline deal evaluation. The filing explicitly states no related-party transactions, reducing immediate governance concerns. Compensation disclosure is routine and modest relative to large-cap norms.
TL;DR: Operationally neutral for near-term financials; personnel change supports strategic M&A focus.
This is primarily an organizational change: the CAO role remains filled by an experienced internal candidate, suggesting minimal disruption to accounting and reporting. The disclosed salary, bonus target, and $85,000 RSU grant are modest relative to company scale and unlikely to materially affect financial results. Reassigning the former CAO to lead M&A signals a possible emphasis on transactions, but the filing contains no deal details to quantify impact.
QUALCOMM Incorporated ha annunciato un cambiamento ai vertici operativo dal 25 agosto 2025: Neil Martin è passato da Senior Vice President, Finance e Chief Accounting Officer a Senior Vice President, Corporate Development, dove guiderà fusioni e acquisizioni e iniziative strategiche, rinunciando al ruolo di Chief Accounting Officer. La società ha nominato con effetto immediato Patricia Grech, 53 anni, Senior Vice President e Chief Accounting Officer. La signora Grech è stata Vice President, Finance and Controller dal dicembre 2022 e ricopre ruoli finanziari in Qualcomm dal 2006. Il suo pacchetto retributivo comprende uno stipendio base di $380.546, un bonus obiettivo pari al 35% dello stipendio base a partire dall'esercizio 2026 e un assegno di restricted stock unit per promozione con un fair value alla data di assegnazione di $85.000. La comunicazione indica che non esistono rapporti con parti correlate da divulgare e che la signora Grech parteciperà ai benefici aziendali standard.
QUALCOMM Incorporated anunció un cambio en el liderazgo con efecto desde el 25 de agosto de 2025: Neil Martin pasó de Senior Vice President, Finance y Chief Accounting Officer a Senior Vice President, Corporate Development, donde dirigirá fusiones y adquisiciones e iniciativas estratégicas, y dejó el puesto de Chief Accounting Officer. La compañía nombró con efecto inmediato a Patricia Grech, de 53 años, como Senior Vice President y Chief Accounting Officer. La Sra. Grech se desempeñó como Vice President, Finance and Controller desde diciembre de 2022 y ha ocupado cargos financieros en Qualcomm desde 2006. Su paquete de compensación incluye un salario base de $380,546, un bono objetivo del 35% del salario base a partir del ejercicio fiscal 2026 y una asignación de restricted stock units por promoción con un valor razonable en la fecha de otorgamiento de $85,000. El informe indica que no existen acuerdos con partes relacionadas que deban divulgarse y que la Sra. Grech participará en los beneficios estándar de la compañía.
QUALCOMM Incorporated는 2025년 8월 25일부로 리더십 변경을 발표했습니다. 닐 마틴(Neil Martin)은 수석부사장(Senior Vice President), 재무 및 최고회계책임자(Chief Accounting Officer)에서 기업개발(Senior Vice President, Corporate Development) 수석부사장으로 이동해 인수합병(M&A) 및 전략적 이니셔티브를 이끌며 최고회계책임자 직책에서 물러났습니다. 회사는 즉시 발효로 패트리샤 그레치(Patricia Grech, 53세)를 수석부사장 겸 최고회계책임자에 임명했습니다. 그레치 씨는 2022년 12월부터 재무담당 부사장(Vice President, Finance and Controller)을 역임했으며 2006년부터 Qualcomm에서 재무 업무를 맡아왔습니다. 보수 패키지에는 기본급 $380,546, 2026 회계연도부터 기본급의 35%를 목표로 하는 보너스, 승진 관련 제한부주식(RSU) 부여의 부여일 공정가치 $85,000가 포함됩니다. 제출 서류에는 공개 대상이 되는 특수 관계자 관련 거래가 없으며 그레치 씨는 회사의 표준 복리후생에 참여한다고 명시되어 있습니다.
QUALCOMM Incorporated a annoncé un changement de direction effectif au 25 août 2025 : Neil Martin est passé de Senior Vice President, Finance et Chief Accounting Officer à Senior Vice President, Corporate Development, où il dirigera les fusions‑acquisitions et les initiatives stratégiques, et a quitté ses fonctions de Chief Accounting Officer. La société a nommé avec effet immédiat Patricia Grech, 53 ans, au poste de Senior Vice President et Chief Accounting Officer. Mme Grech est Vice President, Finance and Controller depuis décembre 2022 et occupe des fonctions financières chez Qualcomm depuis 2006. Son package de rémunération comprend un salaire de base de $380,546, une prime cible de 35% du salaire de base à compter de l’exercice 2026, et une attribution de restricted stock units liée à la promotion d’une juste valeur à la date d’attribution de $85,000. le dossier indique qu’il n’existe pas d’accords avec des parties liées à divulguer et que Mme Grech bénéficiera des avantages sociaux standard de l’entreprise.
QUALCOMM Incorporated gab eine Führungsänderung bekannt, die am 25. August 2025 wirksam wird: Neil Martin wechselte von der Position Senior Vice President, Finance und Chief Accounting Officer zu Senior Vice President, Corporate Development, wo er M&A und strategische Initiativen leiten wird, und trat von der Position des Chief Accounting Officer zurück. Das Unternehmen ernannte mit sofortiger Wirkung Patricia Grech, 53 Jahre, zur Senior Vice President und Chief Accounting Officer. Frau Grech war seit Dezember 2022 Vice President, Finance and Controller und bekleidet seit 2006 Finanzpositionen bei Qualcomm. Ihr Vergütungspaket umfasst ein Grundgehalt von $380.546, einen Zielbonus von 35% des Grundgehalts ab dem Geschäftsjahr 2026 sowie eine Beförderungs-Restricted-Stock-Unit-Zuteilung mit einem beizulegenden Zeitwert am Zuteilungstag von $85.000. Die Einreichung gibt an, dass keine transaktionsrelevanten Beziehungen mit nahestehenden Parteien offenzulegen sind und dass Frau Grech an den üblichen Unternehmensleistungen teilnimmt.
FAQ
Who is the new Chief Accounting Officer at Qualcomm (QCOM)?
What role will Neil Martin hold after stepping down as CAO?
What is Patricia Grech's compensation package as CAO?
Does the filing report any related-party transactions for the CAO appointment?
When did Patricia Grech join Qualcomm and what roles has she held?
