Summary by Moomoo AI
IBM Corp has released its 2024 Proxy Statement, highlighting a successful 2023 with significant growth in revenue and operational cash flow. The company reported $61.9 billion in revenue, a $3.5 billion increase in cash from operations to $13.9 billion, and continued investment in growth, including the acquisition of 9 companies. IBM also raised its dividend for the 28th consecutive year, returning $6 billion to shareholders. The Board of Directors emphasized IBM's commitment to ethical technology development, corporate responsibility, and stockholder engagement. The Proxy Statement includes recommendations for the upcoming annual meeting's agenda items, such as director elections, appointment of an independent accounting firm, executive compensation, and various stockholder proposals. IBM's leadership urges shareholders to vote in line with the Board's recommendations, which they believe align with the company's and stockholders' best interests.