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[8-K] Hewlett Packard Enterprise Company Reports Material Event

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8-K
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Hewlett Packard Enterprise (HPE) signed a Cooperation Agreement with activist investor Elliott Investment Management on 16 Jul 2025.

  • Elliott gains immediate board representation via appointment of Robert M. Calderoni; it may add one Elliott employee subject to Board approval.
  • New directors will stand for election at the 2026 AGM. Board size capped at 13 through that meeting and 12 thereafter (one higher if an Elliott seat is filled).
  • The Board forms a Strategy Committee chaired by Calderoni with directors Lane, Noski and Reiner to review strategy and value-creation options; Calderoni also joins the Integration Committee overseeing the Juniper deal.
  • Elliott agrees to standstill, voting and non-disparagement provisions until at least one year after signing, or longer while its employee serves.
  • Elliott must maintain a 鈮�2% net-long position to keep director-replacement rights.

The pact avoids a proxy fight yet hands the activist formal influence over HPE鈥檚 strategic direction, a move that could accelerate portfolio actions or capital-allocation shifts.

Hewlett Packard Enterprise (HPE) ha firmato un Accordo di Cooperazione con l'investitore attivista Elliott Investment Management il 16 luglio 2025.

  • Elliott ottiene immediatamente una rappresentanza nel consiglio tramite la nomina di Robert M. Calderoni; potr脿 inoltre aggiungere un dipendente Elliott previa approvazione del Consiglio.
  • I nuovi amministratori saranno sottoposti a elezione durante l'Assemblea Generale del 2026. La dimensione del Consiglio sar脿 limitata a 13 fino a tale assemblea e a 12 successivamente (con un membro in pi霉 se la posizione di Elliott 猫 occupata).
  • Il Consiglio istituisce un Comitato Strategia presieduto da Calderoni con i membri Lane, Noski e Reiner per esaminare la strategia e le opzioni di creazione di valore; Calderoni entra inoltre a far parte del Comitato di Integrazione che supervisiona l'accordo con Juniper.
  • Elliott accetta clausole di standstill, voto e non denigrazione valide fino ad almeno un anno dopo la firma, o pi霉 a lungo se il suo dipendente rimane in carica.
  • Elliott deve mantenere una posizione netta lunga 鈮�2% per conservare i diritti di sostituzione degli amministratori.

L'accordo evita una battaglia per procura ma conferisce all'attivista un'influenza formale sulla direzione strategica di HPE, una mossa che potrebbe accelerare azioni sul portafoglio o cambiamenti nell'allocazione del capitale.

Hewlett Packard Enterprise (HPE) firm贸 un Acuerdo de Cooperaci贸n con el inversor activista Elliott Investment Management el 16 de julio de 2025.

  • Elliott obtiene representaci贸n inmediata en el consejo con el nombramiento de Robert M. Calderoni; puede a帽adir un empleado de Elliott sujeto a la aprobaci贸n del Consejo.
  • Los nuevos directores se someter谩n a elecci贸n en la Junta General de 2026. El tama帽o del consejo se limita a 13 hasta esa reuni贸n y a 12 posteriormente (uno m谩s si se ocupa el asiento de Elliott).
  • El Consejo crea un Comit茅 de Estrategia presidido por Calderoni con los directores Lane, Noski y Reiner para revisar la estrategia y las opciones de creaci贸n de valor; Calderoni tambi茅n se une al Comit茅 de Integraci贸n que supervisa el acuerdo con Juniper.
  • Elliott acepta disposiciones de standstill, voto y no menosprecio hasta al menos un a帽o despu茅s de la firma, o m谩s tiempo mientras su empleado est茅 en el cargo.
  • Elliott debe mantener una posici贸n neta larga 鈮�2% para conservar los derechos de reemplazo de directores.

El pacto evita una batalla por poder pero otorga al activista influencia formal sobre la direcci贸n estrat茅gica de HPE, un movimiento que podr铆a acelerar acciones sobre el portafolio o cambios en la asignaci贸n de capital.

頊措牄韺╈护霌� 鞐旐劙頂勲澕鞚挫(HPE)電� 2025雲� 7鞗� 16鞚� 頄夒彊欤检潣 韴瀽鞛� 鞐橂Μ鞐� 鞚鸽矤鞀ろ姼毹柬姼 毵る媹歆�毹柬姼鞕� 順戨牓 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟.

  • 鞐橂Μ鞐囲潃 搿滊矂韸� M. 旃茧嵃搿滊媹 鞛勲獏鞚� 韱淀暣 歃夓嫓 鞚挫偓須岇棎 雽�響滊ゼ 頇曤炒頃橂┌, 鞚挫偓須� 鞀轨澑 頃橃棎 鞐橂Μ鞐� 歆侅洂 頃� 氇呾潉 於旉皜頃� 靾� 鞛堨姷雼堧嫟.
  • 鞁犾瀯 鞚挫偓霌れ潃 2026雲� 鞝曣赴 欤检＜齑濏殞鞐愳劀 靹犾稖霅� 鞓堨爼鞛呺媹雼�. 鞚挫偓須� 攴滊電� 頃措嫻 須岇潣旯岇 13氇呾溂搿� 鞝滍暅霅橂┌ 鞚错泟鞐愲姅 12氇�(鞐橂Μ鞐� 鞛愲Μ臧� 毂勳泴歆� 瓴届毎 1氇� 於旉皜)鞙茧 鞙犾霅╇媹雼�.
  • 鞚挫偓須岆姅 旃茧嵃搿滊媹臧� 鞚橃灔鞚� 鞝勲灥鞙勋洂须�毳� 甑劚頃橂┌, 霠堨澑, 雲胳姢韨�, 霛检澊雱� 鞚挫偓霌れ澊 彀胳棳頃� 鞝勲灥瓿� 臧�旃� 彀届稖 氚╈晥鞚� 瓴�韱犿暕雼堧嫟. 旃茧嵃搿滊媹電� 欤茧媹韻� 鞚胳垬 瓯半灅毳� 臧愲弲頃橂姅 韱淀暕鞙勳洂須岇棎霃� 頃╇頃╇媹雼�.
  • 鞐橂Μ鞐囲潃 靹滊獏 頉� 斓滌唽 1雲勱皠 霕愲姅 歆侅洂鞚� 鞛頃橂姅 霃欖晥 鞀ろ儬霌滌姢韹�, 鞚橁舶甓� 鞝滍暅 氚� 牍勲癌 旮堨 臁绊暛鞚� 欷�靾橅晿旮半 頃╈潣頄堨姷雼堧嫟.
  • 鞐橂Μ鞐囲潃 鞚挫偓 甑愳泊 甓岆Μ毳� 鞙犾頃橁赴 鞙勴暣 靾滊Г靾� 韽靺橃潉 鈮�2% 鞚挫儊 鞙犾頃挫暭 頃╇媹雼�.

鞚措矆 順戩暯鞚� 欤检＜齑濏殞 雽�瓴办潉 頂柬晿氅挫劀霃� 頄夒彊欤检潣 韴瀽鞛愳棎瓴� HPE 鞝勲灥 氚╉枼鞐� 雽�頃� 瓿奠嫕鞝侅澑 鞓來枼霠レ潉 攵�鞐暣, 韽姼韽措Μ鞓� 臁办爼鞚措倶 鞛愲掣 氚半秳 氤�頇旉皜 臧�靻嶍檾霅� 靾� 鞛堧姅 瓿勱赴臧� 霅� 瓴冹瀰雼堧嫟.

Hewlett Packard Enterprise (HPE) a sign茅 un accord de coop茅ration avec l'investisseur activiste Elliott Investment Management le 16 juillet 2025.

  • Elliott obtient imm茅diatement une repr茅sentation au conseil d'administration par la nomination de Robert M. Calderoni ; il peut ajouter un employ茅 d'Elliott sous r茅serve de l'approbation du conseil.
  • Les nouveaux administrateurs seront soumis 脿 茅lection lors de l'assembl茅e g茅n茅rale de 2026. La taille du conseil est plafonn茅e 脿 13 jusqu'脿 cette assembl茅e, puis 脿 12 (un si猫ge suppl茅mentaire si un poste Elliott est occup茅).
  • Le conseil forme un Comit茅 Strat茅gie pr茅sid茅 par Calderoni avec les administrateurs Lane, Noski et Reiner pour examiner la strat茅gie et les options de cr茅ation de valeur ; Calderoni rejoint 茅galement le comit茅 d'int茅gration supervisant l'accord Juniper.
  • Elliott accepte des dispositions de standstill, de vote et de non-d茅nigrement pour au moins un an apr猫s la signature, ou plus longtemps tant que son employ茅 si猫ge.
  • Elliott doit maintenir une position nette longue 鈮�2% pour conserver ses droits de remplacement des administrateurs.

Ce pacte 茅vite une lutte par procuration mais conf猫re 脿 l'activiste une influence formelle sur l'orientation strat茅gique de HPE, ce qui pourrait acc茅l茅rer les actions sur le portefeuille ou les changements dans l'allocation du capital.

Hewlett Packard Enterprise (HPE) hat am 16. Juli 2025 eine Kooperationsvereinbarung mit dem aktivistischen Investor Elliott Investment Management unterzeichnet.

  • Elliott erh盲lt sofortige Vertretung im Vorstand durch die Ernennung von Robert M. Calderoni; es kann einen weiteren Elliott-Mitarbeiter mit Zustimmung des Vorstands hinzuf眉gen.
  • Neue Direktoren treten bei der Hauptversammlung 2026 zur Wahl an. Die Vorstandsgr枚脽e ist bis zu dieser Versammlung auf 13 begrenzt und danach auf 12 (ein Sitz mehr, falls ein Elliott-Platz besetzt ist).
  • Der Vorstand richtet einen Strategieausschuss unter Vorsitz von Calderoni ein, mit den Direktoren Lane, Noski und Reiner, der Strategie und Wertsch枚pfungsoptionen pr眉ft; Calderoni tritt zudem dem Integrationsausschuss bei, der den Juniper-Deal 眉berwacht.
  • Elliott verpflichtet sich zu Standstill-, Stimmrechts- und Nicht-Diskreditierungsvereinbarungen f眉r mindestens ein Jahr nach Unterzeichnung oder solange sein Mitarbeiter im Amt ist.
  • Elliott muss eine Netto-Long-Position von 鈮�2% halten, um Rechte zur Ersetzung von Direktoren zu behalten.

Das Abkommen vermeidet einen Proxy-Kampf, gew盲hrt dem Aktivisten jedoch formellen Einfluss auf die strategische Ausrichtung von HPE, was Portfolioaktionen oder Kapitalallokations盲nderungen beschleunigen k枚nnte.

Positive
  • Activist cooperation averts costly proxy contest and litigation
  • Elliott gains board and committee roles, potentially catalyzing value-creating strategy reviews
  • Standstill and voting commitments provide governance stability for at least one year
Negative
  • Activist presence may signal underlying performance gaps or undervaluation concerns
  • Board expansion and strategic shifts could introduce execution risk and internal disruption

Insights

TL;DR: Activist accord gives Elliott board influence, curbs proxy risk and pressures HPE to unlock value; overall governance-positive.

The agreement grants Elliott an immediate seat and potential second seat, plus chairmanship of a new Strategy Committee. In exchange, Elliott accepts a standstill and voting lock-up, reducing near-term governance friction and cost. Calderoni鈥檚 experience and the committee remit suggest intensified review of capital allocation and integration of Juniper. Requirement to hold 鈮�2% aligns incentives. For investors, the deal signals HPE鈥檚 willingness to collaborate with an activist rather than contest, often a precursor to share-price catalysts such as divestitures or increased buybacks.

TL;DR: Elliott鈥檚 structured entry heightens probability of strategic moves; constructive tone lowers downside volatility.

By embedding Elliott inside governance and limiting board size, HPE balances activist insight with continuity. Mutual non-disparagement and standstill provisions cap activism aggressiveness, preserving management bandwidth. Historically, Elliott鈥檚 involvement precedes value-accretive actions; thus risk-adjusted return profile improves. Investors should monitor upcoming Strategy Committee outputs and 2026 AGM slate for hints of asset sales, margin targets or capital returns.

Hewlett Packard Enterprise (HPE) ha firmato un Accordo di Cooperazione con l'investitore attivista Elliott Investment Management il 16 luglio 2025.

  • Elliott ottiene immediatamente una rappresentanza nel consiglio tramite la nomina di Robert M. Calderoni; potr脿 inoltre aggiungere un dipendente Elliott previa approvazione del Consiglio.
  • I nuovi amministratori saranno sottoposti a elezione durante l'Assemblea Generale del 2026. La dimensione del Consiglio sar脿 limitata a 13 fino a tale assemblea e a 12 successivamente (con un membro in pi霉 se la posizione di Elliott 猫 occupata).
  • Il Consiglio istituisce un Comitato Strategia presieduto da Calderoni con i membri Lane, Noski e Reiner per esaminare la strategia e le opzioni di creazione di valore; Calderoni entra inoltre a far parte del Comitato di Integrazione che supervisiona l'accordo con Juniper.
  • Elliott accetta clausole di standstill, voto e non denigrazione valide fino ad almeno un anno dopo la firma, o pi霉 a lungo se il suo dipendente rimane in carica.
  • Elliott deve mantenere una posizione netta lunga 鈮�2% per conservare i diritti di sostituzione degli amministratori.

L'accordo evita una battaglia per procura ma conferisce all'attivista un'influenza formale sulla direzione strategica di HPE, una mossa che potrebbe accelerare azioni sul portafoglio o cambiamenti nell'allocazione del capitale.

Hewlett Packard Enterprise (HPE) firm贸 un Acuerdo de Cooperaci贸n con el inversor activista Elliott Investment Management el 16 de julio de 2025.

  • Elliott obtiene representaci贸n inmediata en el consejo con el nombramiento de Robert M. Calderoni; puede a帽adir un empleado de Elliott sujeto a la aprobaci贸n del Consejo.
  • Los nuevos directores se someter谩n a elecci贸n en la Junta General de 2026. El tama帽o del consejo se limita a 13 hasta esa reuni贸n y a 12 posteriormente (uno m谩s si se ocupa el asiento de Elliott).
  • El Consejo crea un Comit茅 de Estrategia presidido por Calderoni con los directores Lane, Noski y Reiner para revisar la estrategia y las opciones de creaci贸n de valor; Calderoni tambi茅n se une al Comit茅 de Integraci贸n que supervisa el acuerdo con Juniper.
  • Elliott acepta disposiciones de standstill, voto y no menosprecio hasta al menos un a帽o despu茅s de la firma, o m谩s tiempo mientras su empleado est茅 en el cargo.
  • Elliott debe mantener una posici贸n neta larga 鈮�2% para conservar los derechos de reemplazo de directores.

El pacto evita una batalla por poder pero otorga al activista influencia formal sobre la direcci贸n estrat茅gica de HPE, un movimiento que podr铆a acelerar acciones sobre el portafolio o cambios en la asignaci贸n de capital.

頊措牄韺╈护霌� 鞐旐劙頂勲澕鞚挫(HPE)電� 2025雲� 7鞗� 16鞚� 頄夒彊欤检潣 韴瀽鞛� 鞐橂Μ鞐� 鞚鸽矤鞀ろ姼毹柬姼 毵る媹歆�毹柬姼鞕� 順戨牓 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟.

  • 鞐橂Μ鞐囲潃 搿滊矂韸� M. 旃茧嵃搿滊媹 鞛勲獏鞚� 韱淀暣 歃夓嫓 鞚挫偓須岇棎 雽�響滊ゼ 頇曤炒頃橂┌, 鞚挫偓須� 鞀轨澑 頃橃棎 鞐橂Μ鞐� 歆侅洂 頃� 氇呾潉 於旉皜頃� 靾� 鞛堨姷雼堧嫟.
  • 鞁犾瀯 鞚挫偓霌れ潃 2026雲� 鞝曣赴 欤检＜齑濏殞鞐愳劀 靹犾稖霅� 鞓堨爼鞛呺媹雼�. 鞚挫偓須� 攴滊電� 頃措嫻 須岇潣旯岇 13氇呾溂搿� 鞝滍暅霅橂┌ 鞚错泟鞐愲姅 12氇�(鞐橂Μ鞐� 鞛愲Μ臧� 毂勳泴歆� 瓴届毎 1氇� 於旉皜)鞙茧 鞙犾霅╇媹雼�.
  • 鞚挫偓須岆姅 旃茧嵃搿滊媹臧� 鞚橃灔鞚� 鞝勲灥鞙勋洂须�毳� 甑劚頃橂┌, 霠堨澑, 雲胳姢韨�, 霛检澊雱� 鞚挫偓霌れ澊 彀胳棳頃� 鞝勲灥瓿� 臧�旃� 彀届稖 氚╈晥鞚� 瓴�韱犿暕雼堧嫟. 旃茧嵃搿滊媹電� 欤茧媹韻� 鞚胳垬 瓯半灅毳� 臧愲弲頃橂姅 韱淀暕鞙勳洂須岇棎霃� 頃╇頃╇媹雼�.
  • 鞐橂Μ鞐囲潃 靹滊獏 頉� 斓滌唽 1雲勱皠 霕愲姅 歆侅洂鞚� 鞛頃橂姅 霃欖晥 鞀ろ儬霌滌姢韹�, 鞚橁舶甓� 鞝滍暅 氚� 牍勲癌 旮堨 臁绊暛鞚� 欷�靾橅晿旮半 頃╈潣頄堨姷雼堧嫟.
  • 鞐橂Μ鞐囲潃 鞚挫偓 甑愳泊 甓岆Μ毳� 鞙犾頃橁赴 鞙勴暣 靾滊Г靾� 韽靺橃潉 鈮�2% 鞚挫儊 鞙犾頃挫暭 頃╇媹雼�.

鞚措矆 順戩暯鞚� 欤检＜齑濏殞 雽�瓴办潉 頂柬晿氅挫劀霃� 頄夒彊欤检潣 韴瀽鞛愳棎瓴� HPE 鞝勲灥 氚╉枼鞐� 雽�頃� 瓿奠嫕鞝侅澑 鞓來枼霠レ潉 攵�鞐暣, 韽姼韽措Μ鞓� 臁办爼鞚措倶 鞛愲掣 氚半秳 氤�頇旉皜 臧�靻嶍檾霅� 靾� 鞛堧姅 瓿勱赴臧� 霅� 瓴冹瀰雼堧嫟.

Hewlett Packard Enterprise (HPE) a sign茅 un accord de coop茅ration avec l'investisseur activiste Elliott Investment Management le 16 juillet 2025.

  • Elliott obtient imm茅diatement une repr茅sentation au conseil d'administration par la nomination de Robert M. Calderoni ; il peut ajouter un employ茅 d'Elliott sous r茅serve de l'approbation du conseil.
  • Les nouveaux administrateurs seront soumis 脿 茅lection lors de l'assembl茅e g茅n茅rale de 2026. La taille du conseil est plafonn茅e 脿 13 jusqu'脿 cette assembl茅e, puis 脿 12 (un si猫ge suppl茅mentaire si un poste Elliott est occup茅).
  • Le conseil forme un Comit茅 Strat茅gie pr茅sid茅 par Calderoni avec les administrateurs Lane, Noski et Reiner pour examiner la strat茅gie et les options de cr茅ation de valeur ; Calderoni rejoint 茅galement le comit茅 d'int茅gration supervisant l'accord Juniper.
  • Elliott accepte des dispositions de standstill, de vote et de non-d茅nigrement pour au moins un an apr猫s la signature, ou plus longtemps tant que son employ茅 si猫ge.
  • Elliott doit maintenir une position nette longue 鈮�2% pour conserver ses droits de remplacement des administrateurs.

Ce pacte 茅vite une lutte par procuration mais conf猫re 脿 l'activiste une influence formelle sur l'orientation strat茅gique de HPE, ce qui pourrait acc茅l茅rer les actions sur le portefeuille ou les changements dans l'allocation du capital.

Hewlett Packard Enterprise (HPE) hat am 16. Juli 2025 eine Kooperationsvereinbarung mit dem aktivistischen Investor Elliott Investment Management unterzeichnet.

  • Elliott erh盲lt sofortige Vertretung im Vorstand durch die Ernennung von Robert M. Calderoni; es kann einen weiteren Elliott-Mitarbeiter mit Zustimmung des Vorstands hinzuf眉gen.
  • Neue Direktoren treten bei der Hauptversammlung 2026 zur Wahl an. Die Vorstandsgr枚脽e ist bis zu dieser Versammlung auf 13 begrenzt und danach auf 12 (ein Sitz mehr, falls ein Elliott-Platz besetzt ist).
  • Der Vorstand richtet einen Strategieausschuss unter Vorsitz von Calderoni ein, mit den Direktoren Lane, Noski und Reiner, der Strategie und Wertsch枚pfungsoptionen pr眉ft; Calderoni tritt zudem dem Integrationsausschuss bei, der den Juniper-Deal 眉berwacht.
  • Elliott verpflichtet sich zu Standstill-, Stimmrechts- und Nicht-Diskreditierungsvereinbarungen f眉r mindestens ein Jahr nach Unterzeichnung oder solange sein Mitarbeiter im Amt ist.
  • Elliott muss eine Netto-Long-Position von 鈮�2% halten, um Rechte zur Ersetzung von Direktoren zu behalten.

Das Abkommen vermeidet einen Proxy-Kampf, gew盲hrt dem Aktivisten jedoch formellen Einfluss auf die strategische Ausrichtung von HPE, was Portfolioaktionen oder Kapitalallokations盲nderungen beschleunigen k枚nnte.

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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
July 16, 2025
Date of Report (Date of Earliest Event Reported)
HEWLETT PACKARD ENTERPRISE COMPANY
(Exact name of registrant as specified in its charter)
Delaware001-3748347-3298624
(State or other jurisdiction
of incorporation)
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
1701 East Mossy Oaks Road,Spring,TX77389
 (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 classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareHPENYSE
7.625% Series C Mandatory Convertible Preferred Stock, par value $0.01 per shareHPEPrCNYSE
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 1.01Entry into a Material Definitive Agreement.
On July 16, 2025, Hewlett Packard Enterprise Company (the "Company") entered into a letter agreement (the "Cooperation Agreement") with Elliott Investment Management L.P., Elliott Associates, L.P., and Elliott International, L.P. (together, "Elliott").

Pursuant to the Cooperation Agreement, the Company agreed, among other things, to appoint Robert M. Calderoni to the board of directors of the Company (the “Board”) effective immediately. In addition, until the Expiration Date (as defined below), Elliott has the ability to appoint an Elliott employee to the Board, subject to the Board’s approval, not to be unreasonably withheld, conditioned, or delayed (such director, together with Mr. Calderoni and any replacement director(s) selected in accordance with the Cooperation Agreement, the “New Directors”). Mr. Calderoni and the Elliott employee director, if appointed, will be nominated by the Board to stand for election at the Company’s 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”). The size of the Board will not exceed (i) thirteen (13) directors from the date of the appointment of Mr. Calderoni to the closing of the 2026 Annual Meeting (or fourteen (14) directors if an Elliott employee is appointed to the Board prior to the 2026 Annual Meeting) and (ii) twelve (12) directors (or thirteen (13) directors if an Elliott employee is appointed to the Board) from the closing of the 2026 Annual Meeting until the Expiration Date.

Pursuant to the Cooperation Agreement, the Board has established a Strategy Committee to support the Board and management in reviewing the strategy of the Company and its businesses and opportunities for value creation. The Strategy Committee will be chaired by Mr. Calderoni and include three additional directors: Raymond Lane, Charles Noski and Gary Reiner. Mr. Calderoni has also been appointed to the Integration Committee of the Board which was formed by the Board following the closing of the Juniper Networks transaction.

Pursuant to the Cooperation Agreement, Elliott has agreed to abide by certain standstill restrictions and voting commitments. The Cooperation Agreement also includes procedures regarding the replacement of any of the New Directors and a mutual non-disparagement provision. Elliott’s right to participate in the selection of replacement New Directors, and the Company’s obligations with respect to the appointment of such replacement New Directors, are subject, among other things, to Elliott beneficially owning a “net long position” of, or having aggregate net long economic exposure to, at least 2% of the Company’s then outstanding common stock at such time. Concurrent with entering into the Cooperation Agreement, Elliott and the Company also entered into an information sharing agreement allowing the parties to share information relating to certain Company material public announcements on a confidential basis, which agreement expires on the first anniversary of the date of such agreement.

The Cooperation Agreement will remain effective until the first anniversary of the date of the Cooperation Agreement; provided, however, that if Elliott appoints an Elliott employee to the Board, the Cooperation Agreement will remain effective until the later of (i) the first anniversary of the date of the Cooperation Agreement and (ii) 11:59 p.m., Eastern Time, on the first date on which an employee of Elliott or an affiliate of Elliott ceases to serve on the Board (the "Expiration Date").

The foregoing summary of the Cooperation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Cooperation Agreement, including the initial Strategy Committee Charter and the Integration Committee Charter attached as exhibits to the Cooperation Agreement, a copy of which is attached as Exhibit 10.1 and is incorporated by reference.


Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth in Item 1.01 is incorporated herein by reference.

Pursuant to the Cooperation Agreement, Mr. Calderoni has been appointed to the Board, the Strategy Committee (as chair) and the Integration Committee (as member) of the Board effective immediately. A copy of the press release announcing the appointment of Mr. Calderoni is attached hereto as Exhibit 99.1.



In consideration of his service during the remainder of the current Board year, Mr. Calderoni will receive pro-rata portions of the annual equity and cash retainers that are provided under the Company’s non-employee director compensation arrangements generally applicable to all non-employee directors (the “Director Compensation Program”). Thereafter, Mr. Calderoni will participate in full in the Director Compensation Program.

Mr. Calderoni does not have any family relationships with any executive officer or director of the Company or its affiliates. Mr. Calderoni is not party to any transaction requiring disclosure under Item 404(a) of Regulation S-K. Additionally, there are no arrangements or understandings between Mr. Calderoni and any other person pursuant to which he was appointed as a director, other than with respect to the matters referred to in Item 1.01.


Item 7.01Regulation FD Disclosure.
On July 16, 2025, the Company issued a press release announcing the Company’s entry into the Cooperation Agreement and the matters described in Item 1.01 and Item 5.02. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference.

The information contained in Item 7.01 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in Item 7.01 of this report, including Exhibit 99.1, shall not be incorporated by reference into any filing of the registrant, whether made before, on, or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.


Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit NumberDescription
10.1
Cooperation Agreement, between Hewlett Packard Enterprise Company, Elliott Investment Management L.P., Elliott Associates, L.P., and Elliott International, L.P., dated July 16, 2025.
99.1
Press Release, dated July 16, 2025.
104Cover 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: July 16, 2025By: /s/ David Antczak
Name:David Antczak
Title:Senior Vice President, General Counsel
and Corporate Secretary 

Source:

FAQ

What did HPE announce in its July 16 2025 8-K filing?

HPE disclosed a Cooperation Agreement with Elliott Investment Management, including immediate appointment of Robert M. Calderoni to the Board.

How many board seats can Elliott obtain under the agreement with HPE?

Elliott receives one seat immediately and may nominate one Elliott employee, giving the fund up to two seats, subject to Board approval.

How long does the Cooperation Agreement between HPE and Elliott remain in effect?

At least one year from signing; it extends while any Elliott employee serves on the Board.

What ownership level must Elliott maintain to keep director replacement rights at HPE?

Elliott must hold a net-long position equal to or exceeding 2% of HPE鈥檚 outstanding common stock.

What is the purpose of the new Strategy Committee at HPE?

Chaired by Robert M. Calderoni, the committee will help the Board and management evaluate corporate strategy and value-creation opportunities.
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Hewlett Packard Enterprise Co

NYSE:HPE

HPE Rankings

#658 Ranked by Market Cap
#1245 Ranked by Dividends

HPE Latest News

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HPE Latest SEC Filings

Jul 30, 2025
[8-K] Hewlett Packard Enterprise Company Reports Material Event
Jul 22, 2025
[Form 4] Hewlett Packard Enterprise Company Insider Trading Activity
Jul 17, 2025
[Form 4] Hewlett Packard Enterprise Company Insider Trading Activity
Jul 17, 2025
[Form 4] Hewlett Packard Enterprise Company Insider Trading Activity
Jul 17, 2025
[Form 3] Hewlett Packard Enterprise Company Initial Statement of Beneficial Ownership

HPE Stock Data

26.07B
1.31B
0.46%
91.55%
3.9%
Communication Equipment
Computer & Office Equipment
United States
SPRING