Hewlett Packard Enterprise Company filed SEC Form 8-K: Leadership Update
$HPE
Retail: Computer Software & Peripheral Equipment
Technology
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On December 5, 2024, the HR and Compensation Committee (“HRC Committee”) of the Board of Directors of Hewlett Packard Enterprise Company (“HPE” or the “Company”) approved the performance metric weightings and goal achievement levels for our executive officers, including our named executive officers, under HPE’s fiscal 2025 annual incentive program (“AIP”), which provides the annual cash bonus opportunity under the Hewlett Packard Enterprise Company 2021 Stock Incentive Plan. As previously reported in HPE’s definitive proxy statement for fiscal 2024 (filed with the Securities and Exchange Commission on February 12, 2025), payouts under the fiscal 2025 AIP are based 80% on HPE financial performance against HPE revenue, HPE operating profit (i.e., non-GAAP earnings from operations), and HPE annualized revenue run-rate (“ARR”) and 20% on individual management by objective goals.
As disclosed in our Form 10-Q for the fiscal quarter ended July 31, 2025, to better align the calculation of ARR with Juniper Networks, Inc.’s business and offerings, beginning with the quarter ended July 31, 2025, we updated our pre-acquisition ARR calculations to also include revenue from software licenses support and maintenance, and will continue to do so going forward.
On September 19, 2025, the HRC Committee increased the target goal levels of the HPE financial performance metrics (with corresponding revisions to the threshold and maximum goals, which are expressed as a percentage of target, consistent with the originally approved performance curves) related to the AIP opportunity for our executive officers to reflect the acquisition of Juniper Networks, Inc. and approximately four months of fiscal 2025 operating as a combined company. The updated goal levels included an adjustment to the ARR target goal to mirror the aforementioned change in HPE’s approach to calculating and reporting ARR. All other AIP terms and
conditions remain unchanged.
| SIGNATURE | ||||||||||||||
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | ||||||||||||||
| HEWLETT PACKARD ENTERPRISE COMPANY | ||||||||||||||
| DATE: September 22, 2025 | By: | /s/ David Antczak | ||||||||||||
| Name: | David Antczak | |||||||||||||
| Title: | Senior Vice President, General Counsel and Corporate Secretary | |||||||||||||