8-KEarnings & ResultsOther EventsExhibits & Filings

INTUIT INC. 8-K Report, Financial Results (Nov 21, 2019)

Filed November 21, 2019For Securities:INTU

Summary

Intuit Inc. (INTU) filed an 8-K on November 21, 2019, primarily to announce its financial results for the fiscal quarter ended October 31, 2019, and to provide forward-looking guidance. While specific financial figures are detailed in the accompanying press release (Exhibit 99.01), this filing signals the company's ongoing performance reporting to the market. Investors should refer to the press release for a comprehensive understanding of the quarter's operational and financial outcomes. Additionally, the report highlights the declaration of a quarterly cash dividend of $0.53 per share, payable in January 2020, underscoring Intuit's commitment to returning capital to shareholders. The filing also disclosed the adoption of Rule 10b5-1 trading plans by several key executives, including the Executive Chairman, CEO, and EVP of the Small Business and Self-Employed Group, for the sale of shares and exercise of stock options over specified periods. These plans are designed to comply with securities regulations and will be publicly disclosed through Form 4 filings.

Key Highlights

  • 1Announcement of financial results for the fiscal quarter ended October 31, 2019.
  • 2Provision of forward-looking guidance to investors.
  • 3Declaration of a cash dividend of $0.53 per share, payable January 21, 2020.
  • 4Establishment of stock trading plans by key executives (Brad Smith, Sasan Goodarzi, James “Alex” Chriss) under Rule 10b5-1.
  • 5These trading plans involve the exercise of stock options and sale of shares over periods from November 2019 to June/December 2020.
  • 6Transactions under the trading plans will be disclosed via Form 4 filings.
  • 7Exhibit 99.01 contains the press release with detailed financial results and dividend information.

Frequently Asked Questions

The detailed financial results are available in the press release furnished as Exhibit 99.01 to this 8-K filing.

The Board of Directors approved a cash dividend of $0.53 per share. It is scheduled to be paid on January 21, 2020, to shareholders of record as of January 10, 2020.

These are pre-arranged stock trading plans adopted by key executives (Brad Smith, Sasan Goodarzi, James “Alex” Chriss) to sell company stock and exercise stock options. These plans are designed to comply with SEC Rule 10b5-1, allowing trades even when executives might otherwise possess material non-public information, provided the plan was established when they did not. The transactions will be disclosed publicly through Form 4 filings.

This 8-K filing announces that results have been released and provides details on dividend and executive trading plans. Specific financial figures such as EPS and revenue are contained within the press release (Exhibit 99.01), which is furnished with this report.