Summary
Intuit Inc. (INTU) filed an 8-K on November 21, 2013, primarily to report its financial results for the fiscal quarter ended October 31, 2013, and to announce a quarterly cash dividend. The company provided forward-looking guidance alongside its earnings announcement. Investors should note that the information presented in this report, and its attached press release, is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act, meaning it doesn't automatically become incorporated into future SEC filings unless specifically referenced. Additionally, the filing disclosed that Intuit's Board of Directors approved a cash dividend of $0.19 per share, payable in January 2014. The report also detailed stock trading plans adopted by two key executives, CEO Brad D. Smith and SVP Daniel Maurer, for exercising stock options and selling shares primarily for asset diversification and tax obligations. These plans involve predetermined minimum prices and are executed by a brokerage firm.
Key Highlights
- 1Intuit announced financial results for the fiscal quarter ended October 31, 2013.
- 2Forward-looking guidance was provided along with the quarterly results.
- 3A cash dividend of $0.19 per share was approved by the Board of Directors.
- 4The dividend is scheduled to be paid on January 21, 2014, to shareholders of record on January 10, 2014.
- 5CEO Brad D. Smith adopted a stock trading plan to exercise and sell up to 100,000 shares.
- 6SVP Daniel Maurer also adopted a stock trading plan to exercise and sell up to 14,000 shares.
- 7These executive stock trading plans are for asset diversification and tax payment purposes.