8-KEarnings & ResultsRegulation FDOther Events+1

Broadcom Inc. 8-K Report, Financial Results (Sep 3, 2020)

Filed September 3, 2020For Securities:AVGO

Summary

Broadcom Inc. (AVGO) filed an 8-K report on September 3, 2020, primarily announcing its unaudited financial results for the third fiscal quarter ended August 2, 2020. The company also provided updates on its dividend declarations and upcoming investor presentations. Investors should note that while the press release attached to this filing contains the financial results, this information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor will it be incorporated by reference into future filings unless expressly stated. Key financial updates are expected to be discussed in their investor conference call on September 3, 2020. Additionally, the company declared a quarterly cash dividend of $20.00 per share on its 8.00% Mandatory Convertible Preferred Stock, Series A, and a quarterly cash dividend of $3.25 per share on its common stock. Both dividends are payable on September 30, 2020, with different record dates for each stock class. Broadcom also confirmed its participation in Deutsche Bank's Virtual Technology Conference on September 15, 2020, indicating ongoing engagement with the investment community.

Key Highlights

  • 1Announcement of third fiscal quarter 2020 financial results (ended August 2, 2020).
  • 2Scheduled investor conference call on September 3, 2020, to discuss Q3 FY2020 financial results.
  • 3Declaration of a quarterly cash dividend of $20.00 per share on 8.00% Mandatory Convertible Preferred Stock, Series A.
  • 4Declaration of a quarterly cash dividend of $3.25 per share on common stock.
  • 5Both dividends are payable on September 30, 2020.
  • 6Broadcom to present at Deutsche Bank's Virtual Technology Conference on September 15, 2020.
  • 7Information furnished in Item 2.02 and Item 7.01 is not deemed "filed" and is not incorporated by reference into future SEC filings unless expressly stated.

Frequently Asked Questions

This 8-K filing primarily announces that Broadcom will release its third fiscal quarter 2020 financial results on September 3, 2020. The detailed financial results themselves are provided in the press release (Exhibit 99.1) attached to the filing and will be discussed on their investor conference call.

Broadcom declared a quarterly cash dividend of $20.00 per share on its 8.00% Mandatory Convertible Preferred Stock, Series A, and a quarterly cash dividend of $3.25 per share on its common stock. Both dividends are scheduled to be paid on September 30, 2020.

The filing explicitly states that the information contained in Items 2.02 and 7.01, including the attached press release, is furnished and shall not be incorporated by reference into any future registrant filings unless expressly incorporated by specific reference. It also clarifies that this information is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

Investors can find more details on Broadcom's third fiscal quarter 2020 financial results during the investor conference call scheduled for September 3, 2020, at 2:00 p.m. Pacific Time. Additionally, the company will be presenting at Deutsche Bank's Virtual Technology Conference on September 15, 2020.