HP INC 8-K

What Happened

• HP Inc. filed a Form 8-K (Feb 3, 2026) disclosing multiple material items, chiefly that Enrique Lores stepped down as President and Chief Executive Officer and as a member of the Board, effective end of day February 2, 2026. The Board has formed a CEO Search Committee to find a permanent successor.
• The Board appointed Bruce Broussard (age 63), a current director, as interim Chief Executive Officer effective February 3, 2026. The filing also includes an Item 2.02 disclosure regarding results of operations and financial condition, with related information released in a Feb 3, 2026 press release.

Key Details

• Enrique Lores resigned as President, CEO and as a director effective February 2, 2026.
• Bruce Broussard appointed interim CEO effective February 3, 2026; he will remain a Board member but gave up certain committee roles (resigned as member and Chair of the HR & Compensation Committee and as a member of the Nominating, Governance and Social Responsibility Committee).
• Interim CEO compensation: $362,500 per month (cash) plus a one-time sign-on equity award of restricted stock units with a grant-date value of $7,000,000; the RSUs cliff-vest on February 3, 2027 subject to continued service.
• Board size reduced from 13 to 12 directors via an amendment to the Bylaws, effective February 3, 2026.
• The filing includes a Feb 3, 2026 press release covering these matters.

Why It Matters

• Leadership change at the CEO level is material for investors because it can affect strategy, operations, and market perception; HP has named an experienced interim CEO and formed a Search Committee to identify a permanent replacement.
• The interim CEO’s compensation (monthly cash + $7M RSU grant) is significant and reflects the Board’s approach to securing experienced leadership during the transition.
• The Board reduction to 12 seats formalizes the vacancy created by the CEO departure; investors should watch for updates on the CEO search, any additional governance changes, and the detailed financial information referenced in the Item 2.02 disclosure and Feb 3 press release.