Portions of IBM’s Annual Report to Stockholders for the year ended December 31, 2025 are incorporated by reference into Parts I, II and IV of this Form 10-K. Portions of IBM’s definitive Proxy Statement to be filed with the Securities and Exchange Commission and delivered to stockholders in connection with the Annual Meeting of Stockholders to be held April 28, 2026 are incorporated by reference into Part III of this Form 10-K.
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