Company: KD
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022676
Chunk: 29

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 29
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l Consult, the advisory and implementation services that Kyndryl provides to customers across the Company’s global business practice areas and geographic segments, expand its hyperscaler relationships and accelerate adoption by customers of its Kyndryl Bridge operating platform. To incentivize executive officers to deliver sustainable long-term value to shareholders, compensation was heavily weighted toward the achievement of performance goals that were based on certain externally reported measures. For fiscal 2025, the Company achieved the following with respect to the performance metrics used for our executive compensation program:

| • | Revenues of $15.1 billion, a decline of 6% and 4% in constant currency*, compared to the year ended March 31, 2024, with a return to constant-currency revenue growth in the fourth quarter of fiscal 2025, a significant milestone for Kyndryl as an independent company |

| • | Total signings of $18.2 billion, compared to $12.5 billion in the year ended March 31, 2024, representing a 46% year-over-year increase, reflecting significant and broad-based signings growth across a range of geographies and markets |

| • | Adjusted EBITDA of $2.5 billion*, compared to adjusted EBITDA of $2.4 billion*in the year ended March 31, 2024, reflecting a 6% year-over-year increase |

| • | Adjusted operating cash flow of $968 million*, compared to adjusted operating cash flow of $804 million*in the year ended March 31, 2024, reflecting a 20% year-over-year increase |

In addition, the Company achieved key corporate citizenship objectives of: continuing to build the foundation of our sustainability program to deliver our commitment to reduce our environmental impact; maintaining equal to or better than industry average levels of employee engagement; and continuing to establish a foundation for the culture, systems and platforms which enhance governance, ethics and transparency. See “Corporate Citizenship at Kyndryl” for a discussion of our accomplishments on our corporate citizenship goals to further the Company’s strategy. Our strategic achievements over the past three years as an independent company are reflected in our financial progress. We finished the fiscal year strong, positioning the Company well to continue to execute on our multi-year growth strategy. Even with recent market volatility, the Company’s total shareholder return (“TSR”) performance over the last three years was 150%, in the highest decile of the companies in the S&P MidCap 400 Index.

| * | To evaluate