8-KEarnings & ResultsOther EventsExhibits & Filings

INTUIT INC. 8-K Report, Financial Results (Aug 24, 2021)

Filed August 24, 2021For Securities:INTU

Summary

Intuit Inc. (INTU) filed an 8-K on August 24, 2021, primarily announcing its financial results for the fiscal quarter and year ended July 31, 2021. While the detailed financial figures are in the press release (Exhibit 99.01), the 8-K itself serves as a notification of this information being made public. Investors should refer to the press release for specific performance metrics and year-over-year comparisons. Additionally, the filing disclosed the approval of a quarterly cash dividend of $0.68 per share, payable on October 18, 2021, to shareholders of record on October 11, 2021. The company also provided information regarding stock trading plans adopted by two executive officers, Alex Chriss and Gregory Johnson, under Rule 10b5-1. These plans, adopted in June 2021, allow for pre-arranged sales of company stock and options over specified periods through 2023 and 2022, respectively.

Key Highlights

  • 1Intuit announced financial results for the fiscal quarter and year ended July 31, 2021.
  • 2A quarterly cash dividend of $0.68 per share was approved by the Board of Directors.
  • 3The dividend payment date is set for October 18, 2021, with a record date of October 11, 2021.
  • 4Executive Vice President Alex Chriss adopted a Rule 10b5-1 trading plan for stock sales and option exercises.
  • 5Executive Vice President Gregory Johnson also adopted a Rule 10b5-1 trading plan for stock sales and option exercises.
  • 6These trading plans are designed for orderly sales and are compliant with SEC regulations.
  • 7Detailed financial results are provided in the press release attached as Exhibit 99.01.

Frequently Asked Questions

Intuit announced its financial results for the fiscal quarter and year ended July 31, 2021. The specific financial metrics, such as revenue, earnings per share, and growth rates, are detailed in the press release (Exhibit 99.01) attached to this 8-K filing.

The cash dividend of $0.68 per share is scheduled to be paid on October 18, 2021. Shareholders must be on record as of the close of business on October 11, 2021, to be eligible for this payment.

The Rule 10b5-1 trading plans are pre-arranged agreements for executives to buy or sell company stock. They allow insiders to sell shares at predetermined times or prices, even if they later come into possession of material non-public information, provided the plan was established when they were not in possession of such information. This filing indicates plans adopted by Alex Chriss and Gregory Johnson for future stock transactions.

The detailed financial performance for the fiscal quarter and year ended July 31, 2021, as well as the dividend announcement, is contained within the press release furnished as Exhibit 99.01 to this 8-K filing.