Form 8-K - Current report


UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

	FORM	8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

September 19, 2023
Date of Report (Date of Earliest Event Reported)

HEWLETT PACKARD ENTERPRISE COMPANY
(Exact name of registrant as specified in its charter)


Delaware	001-37483		47-3298624
(State or other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)

1701 East Mossy Oaks Road,

Spring,

77389

(Address of principal executive offices)

(Zip code)


(678)			259-9860
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

HPE

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


☐			Emerging growth company
☐			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Item 7.01			Regulation FD Disclosure.

The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On September 19, 2023, Hewlett Packard Enterprise Company (“HPE” or the “Company”) issued a blog post titled “Evolving our operating model to deliver a superior customer and partner experience” regarding HPE’s anticipated segment re-alignment, planned to become effective on November 1, 2023. The new organizational structure will consist of the following segments:

•Compute, to be led by Neil MacDonald, Executive Vice President and General Manager of Compute;

•High Performance Computing & Artificial Intelligence, to be led by Justin Hotard, Executive Vice President and General Manager of High Performance Computing & Artificial Intelligence;

•Hybrid Cloud, to be led by Fidelma Russo, Executive Vice President and Chief Technology Officer, and who will become General Manager of Hybrid Cloud effective November 1, 2023;

•Intelligent Edge, to be led by Phil Mottram, Executive Vice President and General Manager of Intelligent Edge;

•Financial Services, to be led by Gerri Gold, Executive Vice President and President and CEO of HPE Financial Services; and

•Corporate Investments and Other.

This planned segment re-alignment is primarily to align segment financial reporting more closely with HPE's anticipated business structure. The planned changes will result in a new segment, Hybrid Cloud, which will consist of the following:

•HPE's current Storage segment;

•HPE GreenLake for Compute that provides flexible compute as-a-Service IT infrastructure on a consumption basis;

•Private cloud product and service solutions; and

•Software.

Additionally, certain products and services currently reported in the High Performance Computing & Artificial Intelligence segment are expected to be transferred to the Compute and Hybrid Cloud segments, and the recently acquired Athonet business and certain components of our Communications and Media Solutions business will also be transferred from Corporate Investments and Other to Intelligent Edge, all to become effective November 1, 2023.

For the remainder of fiscal 2023, the organizational structure will not change, and the Chief Executive Officer, who is the Chief Operating Decision Maker in accordance with ASC 280, Segment Reporting, will continue to evaluate the business under our existing organizational structure. Commencing in the first quarter of fiscal 2024, HPE will report its results under the re-aligned segment structure.

A copy of the aforementioned blog post is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Forward-looking statements

This Form 8-K and the press release furnished herewith contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words “believe,” “expect,” “anticipate,” “guidance,” “intend,” “will,” "may," and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding the anticipated segment re-alignment

and any projections of financial performance, plans, strategies and objectives of management for future operations or performance. Risks, uncertainties and assumptions include those that are described in HPE’s Annual Report on Form 10-K for the fiscal year ended October 31, 2022, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and that are otherwise described or updated from time to time in Hewlett Packard Enterprise’s Securities and Exchange Commission reports. Hewlett Packard Enterprise assumes no obligation and does not intend to update these forward-looking statements, except as required by applicable law.


Item 9.01			Financial Statements and Exhibits.
			(d) Exhibits


Exhibit Number			Description
99.1			Hewlett Packard Enterprise Company Blog Post , dated September 19 , 2023 (furnished herewith).
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

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 19, 2023

By:

/s/ Rishi Varma

Name:

Rishi Varma

Title:

Senior Vice President, General Counsel
and Corporate Secretary

Evolving our operating model to deliver a superior customer and partner experience

Accelerating our strategy and execution

BY: ANTONIO NERI | PRESIDENT AND CEO

I said during my first days as CEO that the enterprise of the future would be edge-centric, cloud-enabled, and data-driven. That vision from nearly six years ago has turned into strategy, then innovation, and ultimately into strong momentum for HPE and business outcomes for customers and partners in every industry.

Recognizing the world would be hybrid, we introduced HPE GreenLake, and we have made great strides in aligning one integrated platform, one customer experience, and a portfolio of solutions under one brand. The scale and strength of HPE GreenLake is evident; it supports 27,000 unique customer logos and 3.4 million connected devices. HPE GreenLake is at the center of how we implement our edge-to-cloud strategy.

Having laid the foundation for success, we are now evolving our operating model to accelerate our execution, deliver a superior customer and partner experience, and drive growth for the company and value for our shareholders. These changes to HPE’s organizational structure and executive leadership, which take effect at the start of our 2024 fiscal year on November 1, 2023, will further unify our portfolio and enhance the delivery of a true cloud experience for our customers and partners. They will enable tighter integrations that benefit our customers and partners and spark innovation. And, they position us to continue to win in the market.

We are creating a new Hybrid Cloud business unit, to be led by HPE Chief Technology Officer Fidelma Russo. This business will bring together the HPE GreenLake platform with the technologies and services of HPE Storage, HPE GreenLake Cloud Services Solutions and the current Office of the CTO organization. This new group will accelerate our hybrid cloud strategy as we deliver one portfolio of storage, software, data, and cloud services on the HPE GreenLake platform.

Over the past two years, Fidelma has led the team that created the HPE GreenLake platform, which is now the central offering for all of our Hybrid Cloud solutions, and developed, tested, and integrated new services and launched them on the platform. Fidelma and her team also led the onboarding of OpsRamp onto the platform and created an innovation pipeline that has delivered high-demand services like the Sustainability Dashboard. Fidelma is a customer-centric leader and will continue to bring revolutionary new offerings to bear for our global customers, helping HPE realize our distinct advantage as we pursue opportunities in the hybrid cloud market.

Within the Hybrid Cloud organization, Tom Black will assume leadership of the new Private Cloud team, reporting to Fidelma. For the last three years, Tom has led our Storage business group through a transformation to a data services business – introducing the HPE Alletra portfolio and our first storage as-a-service offerings. I am grateful for his leadership and look forward to the innovation he will drive in this new role to further build out our business in this growing area of the hybrid-cloud market.

Vishal Lall will be leaving HPE at the end of the calendar year. Vishal has held a number of leadership positions at HPE and has made numerous contributions during his decade-long career with the company. His work spanning HPE GreenLake, HPE Aruba, HPE Ezmeral, and Hewlett Packard Pathfinder has had significant impact in driving the momentum and market opportunity HPE is now seeing, which puts us in a very strong position moving forward.

Pradeep Kumar, head of HPE Services, has been a remarkable leader at our company for 27 years. Over the past several months, he has shared with me his wishes to retire from HPE, which he has richly earned. With Pradeep’s retirement, we will now put the key operational activities for all of our products and services under one leader. HPE Services, Supply Chain and Quote-to-Cash will now comprise our Global Operations organization led by Mark Bakker. By aligning and optimizing our systems and processes and streamlining the end-to-end customer and partner experience, we will accelerate digital transformation for HPE and our customers.

As I’ve said many times, I’m confident that we can accomplish anything with the right team guided by the right leaders. I believe we have both. I am proud of the progress we have made in our transformation to be the edge-to-cloud company. These new strategic alignments will enhance the integrated customer and partner experience, strengthen our market position, and accelerate our execution. I look forward to continuing to deliver in ways that only HPE can.

Cover Page	Sep. 19, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Sep. 19, 2023
Entity Incorporation, State or Country Code	DE
Entity File Number	001-37483
Entity Tax Identification Number	47-3298624
Entity Address, Address Line One	1701 East Mossy Oaks Road,
Entity Address, City or Town	Spring,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77389
City Area Code	(678)
Local Phone Number	259-9860
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	HPE
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0001645590
Amendment Flag	false
Document Information [Line Items]
Document Period End Date	Sep. 19, 2023
Entity Registrant Name	HEWLETT PACKARD ENTERPRISE COMPANY