Pitney Bowes INC /DE/ 8-K filings

Pitney Bowes has announced the repayment of an additional $75 million of its senior secured notes held by Oaktree Capital Management, funded by cash on hand, as part of its ongoing deleveraging efforts.

Pitney Bowes announced its third-quarter 2024 financial results, showcasing improved profitability and progress on strategic initiatives, including an updated full-year guidance.

Pitney Bowes has appointed Lance Rosenzweig as its permanent CEO and added three new directors to its board, following a period of significant change and strategic realignment.

Pitney Bowes has appointed John Witek as Chief Accounting Officer, replacing Joseph Catapano, effective September 7, 2024.

Pitney Bowes has initiated a restructuring of its Global Ecommerce segment, including the sale of a majority stake in its subsidiary DRF Logistics and subsequent Chapter 11 bankruptcy filings.

Pitney Bowes sells a controlling interest in its Global Ecommerce segment to Hilco Commercial Industrial, paving the way for an orderly wind-down and focusing on core businesses.

Pitney Bowes reported a 2% year-over-year revenue increase in Q2 2024, exited its Global Ecommerce segment, and updated its full-year guidance.

Pitney Bowes has clarified that it has not sold its entire Global Ecommerce segment, but has divested its fulfillment services business as part of an ongoing strategic review.

Pitney Bowes has approved a cost reduction plan involving workforce reductions and other actions, expected to incur $25 million in charges, and announced the departure of its Executive Vice President and President, Global Ecommerce.

Pitney Bowes has announced the departure of its Interim CEO, Jason Dies, and the appointment of Lance Rosenzweig as the new Interim CEO, effective May 22, 2024.

Pitney Bowes Inc. has amended its charter to allow stockholders owning at least 25% of common stock to call special meetings, and updated its bylaws to reflect this change and enhance corporate governance.

Pitney Bowes announced improved first quarter 2024 financial results, with net income increasing by $5 million year-over-year and adjusted EBIT growing by more than $23 million.

Pitney Bowes has formalized an agreement to retain its Interim CEO, Jason C. Dies, with a new compensation package including a one-time payment and enhanced severance terms.

Pitney Bowes will see five directors depart and the board size reduced to five members following the upcoming annual meeting.

Pitney Bowes has announced the resignation of director William S. Simon and the immediate appointment of Lance E. Rosenzweig as an independent director.

Pitney Bowes has appointed John Witek as interim Chief Financial Officer following the resignation of Ana Maria Chadwick.

Pitney Bowes Inc. announced the retirement of its Executive Vice President, Chief Legal Officer, and Corporate Secretary, Daniel J. Goldstein, effective March 31, 2024.

Pitney Bowes has expanded its board by two seats, appointing William S. Simon and Jill Sutton as new directors, and has entered into a cooperation agreement with Hestia Capital.

Pitney Bowes announced its fourth quarter and full year 2023 financial results, showing a revenue decrease but improved profitability in some segments.