...A. It shows that over 75% of the outstanding stock entitled to vote at this meeting is represented by proxy. B. However, as noted in our proxy supplement filed on April 25 the proponent agreed to withdraw item 5. C. IBM shareholders only know that IBM spent over $78 million in federal lobbying since 2010, and there's incomplete disclosure about IBM spending at the state level. D. IBM lags at least 12 of its peers which do disclose their trade association payments used to lobby. E. For example, IBM belongs to the Business Roundtable and Chamber of Commerce, which together spent over $99 million in lobbying for 2024. F. In 2024, IBM generated $62.8 billion in revenue, growing 3% at constant currency and we delivered $12.7 billion in free cash flow, up $1.5 billion from the previous year. G. This financial strength allowed us to reinvest in our business with over $7 billion allocated to research and development, 11 strategic acquisitions to enhance our AI and hybrid cloud capabilities. H....
