IBM Appoints Siris Capital Co-Founder Frank Baker to Board of Directors

Executive Summary

On October 1, 2026, International Business Machines Corporation (IBM) filed a Form 8-K reporting the election of a new director and a corresponding amendment to the company's By-laws.

Key Disclosures

1. Item 5.02: Election of Directors

   • Director Appointed: Frank Baker, Co-founder and Managing Partner of private equity firm Siris Capital Group, LLC.
   • Effective Date: October 1, 2026.
   • Committee Appointment: Mr. Baker will serve on the Directors and Corporate Governance Committee.
   • Compensation: Non-management director compensation aligns with standard arrangements described in IBM's Proxy Statement dated March 10, 2026.

2. Item 5.03: Amendments to Articles of Incorporation or By-laws

   • In connection with Mr. Baker's election, IBM amended Article III, Section 2 of its By-laws to increase the total number of directors from 13 to 14, effective October 1, 2026.

Trading Significance

• Impact: Low. This is a standard corporate governance addition expanding IBM's board expertise in technology private equity and corporate governance. No securities were traded or issued as part of this event.