Qualcomm reorganizes finance leadership; Neil Martin to lead M&A

Rhea-AI Filing Summary

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.

Positive

• 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

Negative

• None.

Insights

Corporate Governance Expert

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.

Financial Analyst

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 INC/DE0000804328false5775 Morehouse DriveSan DiegoCalifornia00008043282025-08-252025-08-25

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 25, 2025

Date of Report (Date of earliest event reported)

QUALCOMM Incorporated

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

000-19528						95-3685934
(Commission File Number)						(IRS Employer Identification No.)

5775 Morehouse Drive, San Diego, California

92121

(Address of principal executive offices)

(Zip Code)

858-587-1121

(Registrant’s telephone number, including area code)

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:

☐    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, $0.0001 par value			QCOM			The Nasdaq Stock Market LLC

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 Exchange Act.  ☐

Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On August 25, 2025, Neil Martin, Senior Vice President, Finance and Chief Accounting Officer (Principal Accounting Officer) of QUALCOMM Incorporated (the Company), accepted the role of Senior Vice President, Corporate Development, where he will lead the Company’s Mergers & Acquisitions (M&A) efforts and other strategic initiatives. In connection with this transition, Mr. Martin decided to step down from his position as Chief Accounting Officer, effective immediately.

(c) On August 25, 2025, the Company appointed Patricia Grech to serve as its Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) effective immediately. Ms. Grech, age 53, served as Vice President, Finance and Controller of the Company since December 2022 and as Vice President, Finance of the Company from May 2017 to December 2022. She served in various other finance and accounting positions since joining the Company in 2006. Ms. Grech holds a B.S. in Accountancy and Finance from Miami University of Ohio and an M.B.A. from The Ohio State University. There was not and is not any arrangement or understanding between Ms. Grech and any other person pursuant to which she was selected to this position, and there are no transactions involving the Company and Ms. Grech that are required to be reported pursuant to Item 404(a) of Regulation S-K.

In connection with her promotion, Ms. Grech will receive a base salary of $380,546 per year, and her target bonus under the Company’s Annual Cash Incentive Plan will increase to 35% of her base salary beginning in fiscal year 2026. She will also receive a promotion grant of restricted stock units with a grant date fair value of $85,000. Ms. Grech will be eligible to participate in standard Company benefit programs available to similarly situated employees (such as health care coverage, participation in the non-qualified deferred compensation plan (with Company match) and the charitable contribution matching program), subject to standard limitations.

SIGNATURES

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

QUALCOMM Incorporated

Date:

August 25, 2025

By:

/s/ Akash Palkhiwala

Akash Palkhiwala

Chief Financial Officer and Chief Operating Officer

FAQ

Who is the new Chief Accounting Officer at Qualcomm (QCOM)?

The new Chief Accounting Officer is Patricia Grech, appointed effective August 25, 2025.

What role will Neil Martin hold after stepping down as CAO?

Neil Martin accepted the role of Senior Vice President, Corporate Development and will lead Qualcomm's M&A efforts and strategic initiatives.

What is Patricia Grech's compensation package as CAO?

Ms. Grech's disclosed package includes a $380,546 base salary, a target bonus of 35% of base pay beginning fiscal 2026, and a promotion grant of restricted stock units with a grant-date fair value of $85,000.

Does the filing report any related-party transactions for the CAO appointment?

The filing states there were no arrangements or transactions involving Ms. Grech that must be reported under Item 404(a) of Regulation S-K.

When did Patricia Grech join Qualcomm and what roles has she held?

Ms. Grech joined Qualcomm in 2006, served as Vice President, Finance from May 2017 to December 2022, and as Vice President, Finance and Controller since December 2022.