Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
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On December 1, 2018, Kim Rivera, who currently serves as the Chief Legal Officer
of HP Inc. (the Company), was appointed as the Companys President, Strategy and Business Management, effective January 1, 2019. She succeeds the Companys interim Chief Operating Officer, Catherine A. Lesjak, who, as
previously announced, will retire in early 2019. In addition to retaining her role as the Chief Legal Officer, in her new role as the Companys President, Strategy and Business Management, Ms. Rivera will lead the Companys strategy
and business management organization.
Ms. Rivera has served as Chief Legal Officer, General Counsel and Corporate Secretary of the Company since
November 2015. Prior to joining the Company, she served as the Chief Legal Officer and Corporate Secretary at DaVita Health Care Partners where she was employed from 2010 to 2015. From 2006 to 2009, she served in various roles including as Chief
Compliance Officer and Head of International Legal Services, and Vice President and Associate General Counsel at The Clorox Company. Prior to that, Ms. Rivera served as Vice President Law and Chief Litigation Counsel to Rockwell Automation as
well as General Counsel for its Automation Controls and Information Group.
In connection with her appointment, Ms. Riveras base salary was
increased to $725,000 effective November 1, 2018. In addition, Ms. Riveras target annual equity grant opportunity was increased to $5,000,000 pursuant to standard forms of equity award agreements consisting of 60% performance
adjusted restricted stock units vesting over a period of two and three years, and 40% restricted stock units vesting ratably on an annual basis over three years.
A copy of the related press release is filed as Exhibit 99.1 to this Current Report on
Form 8-K.
The Company also announced that Claire Bramley has been appointed as the Companys Corporate Controller, effective December 15, 2018.
Ms. Bramley has served as the Companys Regional Head of FinanceEMEA since June 2015. From January 2013 to May 2015, she served as Vice President, Corporate Financial Planning and Analysis at the Company. Prior to that
Ms. Bramley served as the Companys Finance Director, Worldwide Personal Systems Financial Planning & Analysis from September 2011 to December 2013. The appointment was approved on December 1, 2018. Ms. Bramley will
succeed Marie Myers, who on November 30, 2018 notified the Company she has made a decision to leave the Company, effective as of December 31, 2018. In connection with her appointment, Ms. Bramley received a
one-time
$500,000 equity grant consisting of restricted stock units vesting ratably on an annual basis over three years pursuant to a standard form of equity award agreement. In addition, she is eligible for
relocation benefits under HPs executive mobility program.