PBI 10-K Annual Report Dec. 31, 2024 | Alphaminr
PITNEY BOWES INC /DE/
ALPHAMINR

PBI 10-K Fiscal year ended Dec. 31, 2024

Balance Sheet
Cash Flow
Income Statement
Debt
PITNEY BOWES INC /DE/
10-Qs and 10-Ks
10-K
 		Fiscal year ended Dec. 31, 2024
10-Q
 		Quarter ended Sept. 30, 2024
10-Q
 		Quarter ended June 30, 2024
10-Q
 		Quarter ended March 31, 2024
10-K
 		Fiscal year ended Dec. 31, 2023
10-Q
 		Quarter ended Sept. 30, 2023
10-Q
 		Quarter ended June 30, 2023
10-Q
 		Quarter ended March 31, 2023
10-K
 		Fiscal year ended Dec. 31, 2022
10-Q
 		Quarter ended Sept. 30, 2022
10-Q
 		Quarter ended June 30, 2022
10-Q
 		Quarter ended March 31, 2022
10-K
 		Fiscal year ended Dec. 31, 2021
10-Q
 		Quarter ended Sept. 30, 2021
10-Q
 		Quarter ended June 30, 2021
10-Q
 		Quarter ended March 31, 2021
10-K
 		Fiscal year ended Dec. 31, 2020
10-Q
 		Quarter ended Sept. 30, 2020
10-Q
 		Quarter ended June 30, 2020
10-Q
 		Quarter ended March 31, 2020
10-K
 		Fiscal year ended Dec. 31, 2019
10-Q
 		Quarter ended Sept. 30, 2019
10-Q
 		Quarter ended June 30, 2019
10-Q
 		Quarter ended March 31, 2019
10-K
 		Fiscal year ended Dec. 31, 2018
10-Q
 		Quarter ended Sept. 30, 2018
10-Q
 		Quarter ended June 30, 2018
10-Q
 		Quarter ended March 31, 2018
10-K
 		Fiscal year ended Dec. 31, 2017
10-Q
 		Quarter ended Sept. 30, 2017
10-Q
 		Quarter ended June 30, 2017
10-Q
 		Quarter ended March 31, 2017
10-K
 		Fiscal year ended Dec. 31, 2016
10-Q
 		Quarter ended Sept. 30, 2016
10-Q
 		Quarter ended June 30, 2016
10-Q
 		Quarter ended March 31, 2016
10-K
 		Fiscal year ended Dec. 31, 2015
10-Q
 		Quarter ended Sept. 30, 2015
10-Q
 		Quarter ended June 30, 2015
10-Q
 		Quarter ended March 31, 2015
10-K
 		Fiscal year ended Dec. 31, 2014
10-Q
 		Quarter ended Sept. 30, 2014
10-Q
 		Quarter ended June 30, 2014
10-Q
 		Quarter ended March 31, 2014
10-K
 		Fiscal year ended Dec. 31, 2013
10-Q
 		Quarter ended Sept. 30, 2013
10-Q
 		Quarter ended June 30, 2013
10-Q
 		Quarter ended March 31, 2013
10-K
 		Fiscal year ended Dec. 31, 2012
10-Q
 		Quarter ended Sept. 30, 2012
10-Q
 		Quarter ended June 30, 2012
10-Q
 		Quarter ended March 31, 2012
10-K
 		Fiscal year ended Dec. 31, 2011
10-Q
 		Quarter ended Sept. 30, 2011
10-Q
 		Quarter ended June 30, 2011
10-Q
 		Quarter ended March 31, 2011
10-K
 		Fiscal year ended Dec. 31, 2010
10-Q
 		Quarter ended Sept. 30, 2010
10-Q
 		Quarter ended June 30, 2010
10-Q
 		Quarter ended March 31, 2010
10-K
 		Fiscal year ended Dec. 31, 2009
PROXIES
DEF 14A
 		Filed on March 27, 2025
DEF 14A
 		Filed on April 18, 2024
DEF 14A
 		Filed on March 18, 2022
DEF 14A
 		Filed on March 19, 2021
DEF 14A
 		Filed on March 18, 2020
DEF 14A
 		Filed on March 15, 2019
DEF 14A
 		Filed on March 23, 2018
DEF 14A
 		Filed on March 24, 2017
DEF 14A
 		Filed on March 24, 2016
DEF 14A
 		Filed on March 27, 2015
DEF 14A
 		Filed on March 27, 2014
DEF 14A
 		Filed on March 25, 2013
DEF 14A
 		Filed on March 23, 2012
DEF 14A
 		Filed on March 25, 2011
DEF 14A
 		Filed on March 26, 2010
TABLE OF CONTENTS
Part I, Item 3, Legal Proceedings;printItem 1B. Unresolved Staff CommentsprintItem 1C. CybersecurityprintItem 2. PropertiesprintItem 3. Legal ProceedingsprintItem 4. Mine Safety DisclosuresprintPart IIprintItem 5. Market For The Company's Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesprintItem 6. [reserved]printItem 7. Management's Discussion and Analysis Of Financial Condition and Results OfprintItem 7A. Quantitative and Qualitative Disclosures About Market RiskprintItem 8. Financial Statements and Supplementary DataprintItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureprintItem 9A. Controls and ProceduresprintItem 9B. Other InformationprintItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsprintPart IIIprintItem 10. Directors, Executive Officers and Corporate GovernanceprintItem 11. Executive CompensationprintItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersprintItem 13. Certain Relationships, Related Transactions and Director IndependenceprintItem 14. Principal Accountant Fees and ServicesprintPart IVprintItem 15. Exhibits and Financial Statement SchedulesprintItem 16. Form 10-k Summaryprint

Exhibits

3(a) Amended and Restated Certificate of Incorporation of Pitney Bowes Inc. Incorporated by reference to Exhibit 3.2 to Form 8-K filed with the Commission on May 8, 2024 (Commission file number 1-3579) 3(b) Pitney Bowes Inc. Amended and Restated By-laws effective May 6, 2024 Incorporated by reference to Exhibit 3.4 to Form 8-K filed with the Commission on May 8, 2024 (Commission file number 1-3579) 4 Description of Registered Securities Exhibit 4 4(a) Senior Debt Indenture, dated as of February 14, 2005, by and between the Company and Citibank N.A., as trustee Incorporated by reference to Exhibit 4(a) to Registration Statement on Form S-3 filed with the Commission on June 18, 2008 (Commission file number 1-3579) 4(b) First Supplemental Indenture, dated as of October 23, 2007, by and among Pitney Bowes Inc., The Bank of New York, as successor trustee, and Citibank, N.A., as resigning trustee Incorporated by reference to Exhibit 4.1 to Form 8-K filed with the Commission on October 24, 2007 (Commission file number 1-3579) 4(c) Supplemental Indenture No. 2 dated as of February 26, 2020, by and between Pitney Bowes Inc. and The Bank of New York Mellon, as successor trustee to Citibank N.A. Incorporated by reference to Exhibit 4.1 to Form 8-K filed with the Commission on February 26, 2020 (Commission file number 1-3579) 4(d) Form of 5.25% Global Medium-Term Note due 2037 Incorporated by reference to Exhibit 4(d)(1) to Form 8-K filed with the Commission on November 16, 2006 (Commission file number 1-3579) 4(e) Officer's Certificate establishing the terms of the Notes, dated March 7, 2013, and Specimen of 6.70% Notes due 2043 Incorporated by reference to Exhibits 4.1 and 4.2 to Form 8-K filed with the Commission on March 7, 2013 (Commission file number 1-3579) 4(f) Officer's Certificate establishing the terms of the 4.625% Notes due 2024, dated March 13, 2014, and Specimen of 4.625% Notes due 2024. Incorporated by reference to Exhibits 4.1 and 4.2 to Form 8-K filed with the Commission on March 13, 2014 (Commission file number 1-3579) 4(g) Indenture, dated March 19, 2021, among Pitney Bowes Inc., the guarantors party thereto and Truist Bank, as trustee, with respect to Pitney Bowes Inc.'s 6.875% Senior Notes due 2027. Incorporated by reference to Exhibit 4.1 to the Form 8-K filed with the Commission on March 23, 2021 (Commission file number 1-3579). 4(h) Indenture, dated March 19, 2021, among Pitney Bowes Inc., the guarantors party thereto and Truist Bank, as trustee, with respect to Pitney Bowes Inc.'s 7.250% Senior Notes due 2029. Incorporated by reference to Exhibit 4.2 to the Form 8-K filed with the Commission on March 23, 2021 (Commission file number 1-3579). 10(a) * Retirement Plan for Directors of Pitney Bowes Inc. Incorporated by reference to Exhibit 10(a) to Form 10-K filed with the Commission on March 30, 1993 (Commission file number 1-3579) 10(b) * Pitney Bowes Inc. Directors' Stock Plan (as amended and restated September 11, 2023) Incorporated by reference to Exhibit 10.10 to Form 10-Q filed with the Commission on November 2, 2023 (Commission file number 1-3579) 10(c) * Pitney Bowes Inc. 2007 Stock Plan (as amended November 7, 2009) Incorporated by reference to Exhibit (v) to Form 10-K filed with the Commission on February 26, 2010 (Commission file number 1-3579) 10(d)* Pitney Bowes Inc. 2013 Stock Plan Incorporated by reference to Annex A to the Definitive Proxy Statement for the 2013 Annual Meeting of Stockholders filed with the Commission on March 25, 2013 (Commission file number 1-3579) 10(e)* Amended and Restated Pitney Bowes Inc. 2018 Stock Plan (as amended and restated September 11, 2023) Incorporated by reference to Exhibit 10.9 to Form 10-Q filed with the Commission on November 2, 2023 (Commission file number 1-3579) 10(f)* Pitney Bowes Inc. 2024 Stock Plan as amended November 5, 2024 Incorporated byreference toExhibit 10.7 to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(g) * Pitney Bowes Inc. Key Employees' Incentive Plan as amended November 5, 2024 Incorporated by reference to Exhibit 10.8to Form 10-Q filed with the Commission on November8, 2024(Commission file number 1-3579) 10(h) * Pitney Bowes Severance Plan as amended and restated effective June 18, 2024 Incorporated by reference to Exhibit 10.2 to Form 10-Q filedwith the Commission on August 9,2024 (Commission file number 1-3579) 10(i) * Pitney Bowes Senior Executive Severance Policy (as amended and restated as of September 11, 2023) Incorporated by reference to Exhibit 10.6 to Form 10-Q filed with the Commission on November 2, 2023 (Commission file number 1-3579) 10(j) * Pitney Bowes Inc. Deferred Incentive Savings Plan for the Board of Directors (as amended and restated September 11, 2023) Incorporated by reference to Exhibit 10.11 to Form 10-Q filed with the Commission on November 2, 2023 (Commission file number 1-3579) 10(k) * Pitney Bowes Inc. Deferred Incentive Savings Plan (as amended and restated effective September 11, 2023) Incorporated by reference to Exhibit 10.7 to Form 10-Q filed with the Commission on November 2, 2023 (Commission file number 1-3579) 10(l)* Pitney Bowes Director Equity Deferral plan dated November 8, 2013 (effective May 12, 2014) Incorporated by reference to Exhibit 10(o) to Form 10-K filed with the Commission on February 22, 2016 (Commission file number 1-3579) 10(m)* Pitney Bowes Executive Equity Deferral Plan as amended November 5, 2024 Incorporated by reference to Exhibit 10.9to Form 10-Q filed with the Commission on November8, 2024(Commission file number 1-3579) 10(n) Separation Agreement, dated as of May 21, 2024, by and between the Company and Jason Dies Incorporated by reference to Exhibit 10.4 to the Form 10-Q filed withthe Commission on August 9, 2024 (Commission file number 1-3579) 10(o) Separation Agreement, dated as of June 30, 2024, by and between the Company and Gregg Zegras Incorporated by reference to Exhibit 10.5to the Form 10-Q filed with the Commission on August 9, 2024 (Commission file number 1-3579) 10(p) Separation Agreement, dated as of August 7, 2024, by and between the Company and James Fairweather, Executive Vice President, Chief Innovation Officer Incorporated by reference to Exhibit 10.6 to the Form 8-K filed with the Commission on August 9, 2024(Commission file number 1-3579) 10(q) Separation Agreement, dated as of February 11, 2025, by and between the Company and John Witek Incorporated by reference to Exhibit 10.3 to the Form 8-K filed with the Commission on February 12, 2025 (Commission file number 1-3579) 10(r) Letter Agreement, dated March 15, 2024, between the Company and John Witek Incorporated by reference to Exhibit 10.1 to the Form 8-K filed with the Commission on March 19, 2024 (Commission file number 1-3579) 10(s) Letter Agreement, dated September 18, 2024, between the Company and John Witek Incorporated by reference to Exhibit 10.16 to the Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(t) Letter Agreement, dated October 25, 2024, between the Company and Lance Rosenzweig Incorporated by reference to Exhibit 10.1 to the Form 8-K filed with the Commission on August9, 2024 (Commission file number 1-3579) 10(u) Offer Letter, executed as of February 10, 2025, between Bob Gold and Pitney Bowes Inc. Incorporated by reference to Exhibit 10.2to the Form 8-K filed with the Commission on February 12, 2025 (Commission file number 1-3579) 10(v) Cooperation Agreement, dated as of January 31, 2024, by and between Hestia Capital Partners, LP, Helios I, LP, Hestia Capital Partners GP, LLC, Hestia Capital Management, LLC and Kurtis J. Wolf, on the one hand, and Pitney Bowes Inc., on the other hand Incorporated by reference to Exhibit 10.1 to the Form 8-K filed with the Commission on February 1, 2024(Commissionfile number 1-3579) 10(w) Form of Indemnification Agreement Incorporated by reference to Exhibit 10.3 to the Form 10-Q filed with the Commission onMay 2, 2024 (Commission file number 1-3579) 10(x) Limited Liability Company Agreement, dated as of August 8, 2024, by and between Pitney Bowes International Holdings, Inc. and Hilco Incorporated by reference to Exhibit 10.1 to the Form 8-K filed with the Commission on August 9, 2024(Commission file number 1-3579) 10(y) Form of Restructuring Support Agreement, dated as of August 8, 2024, by and between the Company and the Ecommerce Debtors Incorporated by reference to Exhibit 10.2 to the Form 8-K filed with the Commission on August 9, 2024(Commission file number 1-3579) 10(z) Form of Settlement and Release Agreement, dated as of August 8, 2024, by and among (i) DRF Logistics, LLC and DRF, LLC, as proposed debtors and debtors-in-possession and (ii) the Company and Pitney Bowes International Holdings, Inc. Incorporated by reference to Exhibit 10.3 to the Form 8-K filed with the Commission on August 9, 2024(Commission file number 1-3579) 10(aa) Credit Agreement, dated as of February 7, 2025, among Pitney Bowes Inc., a Delaware corporation, the lenders and issuing banks thereto from time to time and Bank of America, N.A., as administrative agent Incorporated by reference to Exhibit 10.1 to the Form 8-K filed with the Commission onFebruary 12, 2025 (Commission file number 1-3579) 10(bb) Form of Long Term Incentive Award Agreement Incorporated by reference to Exhibit 10(k) to Form 10-K filed with the Commission on February 25, 2013 (Commission file number 1-3579) 10(cc) Form of Restricted Stock Unit Award Agreement under 2024 Stock Plan Incorporated by reference to Exhibit 10.10 to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(dd) Form of Performance Stock Unit Award Agreement under 2024 Stock Plan Incorporated by reference to Exhibit 10.11to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(ee) Form of Cash Incentive Unit Award Agreement under 2024 Stock Plan Incorporated by reference to Exhibit 10.12to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(ff) Form of Stock Cash Incentive Unit Award Agreement under 2024 Stock Plan Incorporated by reference to Exhibit 10.13to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(gg) Form of Non-qualified Stock Option Award Agreement under 2024 Stock Plan Incorporated by reference to Exhibit 10.14to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(hh) Form of Long Term Incentive Award Agreements under 2018 Stock Plan Incorporated by reference to Exhibit 10.15to Form 10-Q filed with the Commission on November 8, 2024 (Commission file number 1-3579) 10(ii) Form of 2024 Long Term Incentive Award Agreements for Chief Executive Officer Exhibit 10(ii) 10(jj) Form of Non-Employee Director Restricted Stock Unit Award Agreement Exhibit 10(jj) 19 Insider trading policy Exhibit 19 21 Subsidiaries of the registrant Exhibit 21 23 Consent of independent registered accounting firm Exhibit 23 31.1 Certification of Chief Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended. Exhibit 31.1 31.2 Certification of Chief Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended. Exhibit 31.2 32.1 Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 Exhibit 32.1 32.2 Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 Exhibit 32.2 97 Compensation Recoupment Policy of Pitney Bowes Inc. dated December 1, 2023 Incorporated by reference to Exhibit 10.12 to Form 10-Q filed with the Commission on November 2, 2023 (Commission file number 1-3579)