8-KEarnings & ResultsLeadership ChangesOther Events+1

Motorola Solutions, Inc. 8-K Report, Financial Results (Feb 3, 2009)

Filed February 3, 2009For Securities:MSI

Summary

Motorola, Inc. filed an 8-K report on February 3, 2009, primarily to disclose significant financial and leadership changes. The company announced its financial results for the quarter and full year ended December 31, 2008. A key development was the immediate suspension of quarterly cash dividends on the company's common stock, a move that will impact income-focused investors. Additionally, the report disclosed a change in financial leadership with the appointment of Edward J. Fitzpatrick as acting Chief Financial Officer, replacing Paul J. Liska.

Key Highlights

  • 1Motorola, Inc. reported financial results for the fourth quarter and full year ended December 31, 2008.
  • 2The company's Board of Directors voted to suspend the declaration of quarterly cash dividends on common stock, effective immediately.
  • 3Edward J. Fitzpatrick was appointed Acting Chief Financial Officer, effective immediately.
  • 4Paul J. Liska is no longer serving as Chief Financial Officer.
  • 5The filing includes press releases detailing the financial results and the CFO change as exhibits.

Frequently Asked Questions

The 8-K filing does not provide a specific reason for the dividend suspension in the main body, but it was announced in the press release regarding Q4 and full-year 2008 results (Exhibit 99.1). Investors would need to refer to that exhibit for potential commentary or context on the decision, which could be related to cash preservation, strategic reallocation of capital, or prevailing economic conditions.

Edward J. Fitzpatrick, age 42, has been appointed as the acting Chief Financial Officer of Motorola, Inc., effective immediately. He replaces Paul J. Liska.

This announcement provides investors with Motorola's financial performance for the crucial fourth quarter and the entire fiscal year of 2008. Investors would examine these results to understand the company's revenue, profitability, and overall financial health during a challenging economic period.

The detailed information regarding the financial results and the appointment of the acting CFO are provided in two separate press releases, attached as Exhibit 99.1 and Exhibit 99.2 to this 8-K filing.