Canadian Imperial Bank Of Commerce 6-K, filed Feb 12, 2021
Canadian Imperial Bank Of Commerce (CM)
About this 6-K
Canadian Imperial Bank Of Commerce filed this 6-K on February 12, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
| For the month of February, 2021 | Commission File Number: 1-14678 |
CANADIAN IMPERIAL BANK OF COMMERCE
(Translation of registrant’s name into English)
Commerce Court
Toronto, Ontario
Canada M5L 1A2
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F ☐ | Form 40-F ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g 3-2(b) under the Securities Exchange Act of 1934:
| Yes ☐ | No ☒ |
If yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g 3-2(b): _____
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
| CANADIAN IMPERIAL BANK OF COMMERCE | |||
| Date: February 12, 2021 | By: | /s/ Allison Mudge | |
| Name: | Allison Mudge | ||
| Title: | Senior Vice-President | ||
Exhibits
| Exhibits | Description | |
| 99.1 | News Release Dated February 12, 2021 - CIBC Releases Revised Supplementary Financial Information |
Exhibit 99.1
CIBC Releases Revised Supplementary Financial Information
TORONTO, Feb. 12, 2021 /CNW/ - CIBC (TSX: CM) (NYSE: CM) released today an abridged Supplementary Financial Information package for the period ending October 31, 2020, reflecting the following changes that will be adopted beginning in the first quarter of 2021:
| 1. | Simplii Financial and Investor's Edge, previously reported in Canadian Personal and Business Banking, are now part of the newly-created Direct Financial Services line of business in Capital Markets, along with certain other direct payment services that were previously in Capital Markets. This change was made to align with the mandates of the relevant strategic business units (SBUs). |
| 2. | The financial results associated with U.S. treasury activities in U.S. Commercial Banking and Wealth Management are now included within Treasury in Corporate and Other. In addition, the transfer pricing methodology between U.S. Commercial Banking and Wealth Management and Treasury in Corporate and Other has been enhanced. Both changes align the treatment of U.S. Commercial Banking and Wealth Management with our other SBUs, and allow for better management of interest rate and liquidity risks. |
While these changes restate the results of our SBUs, there is no impact on consolidated net income.
The affected pages of the Supplementary Financial Information are available for download at https://www.cibc.com/ca/investor-relations/quarterly-results.html.
About CIBC
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://cibc.mediaroom.com/.
SOURCE CIBC
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2021/12/c0049.html
%CIK: 0001045520
For further information: Geoff Weiss, Senior Vice-President, 416-980-5093, geoffrey.weiss@cibc.com; Erica Belling, Investor and Financial Communications, 416-594-7251, erica.belling@cibc.com
CO: CIBC
CNW 08:00e 12-FEB-21