Dear IBM Investor:

Over the past decade, hundreds of thousands of IBMers have transformed your company. Today, IBM has laid the foundation for a new era of technology and business.


We are leading our clients in their next chapter of transformation, as they build agile organizations fueled by data, guided by AI insight and able to work in any cloud environment. Next, quantum computing will become part of the journey to the Cognitive Enterprise.




Industry Expertise

Our industry expertise is a key advantage as we help clients respond to their customers’ evolving needs and stay nimble in the face of continuous technological change.

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Trust and Security

Trust is becoming the most important competitive differentiator of our time.

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SEC Edgar version that includes the following exhibits: financial section of the IBM Annual Report 2019; Powers of Attorney; Resolution of the IBM Board of Directors authorizing execution of this report by Powers of Attorney; Amendment No. 1 to the Amended and Restated Deferred Compensation and Equity Award Plan; Amendment No. 8 to the IBM Excess 401(k) Plus Plan; and Form of Noncompetition Agreement.