8-KEarnings & ResultsOther EventsExhibits & Filings

Motorola Solutions, Inc. 8-K Report, Financial Results (Aug 4, 2016)

Filed August 4, 2016For Securities:MSI

Summary

Motorola Solutions, Inc. (MSI) filed an 8-K on August 4, 2016, reporting its financial results for the second quarter ended July 2, 2016. While the 8-K itself does not detail the specific financial figures, it refers to an attached press release (Exhibit 99.1) for this information. A significant development highlighted in the filing is the Board of Directors' authorization to increase the share repurchase program by an additional $2.0 billion, bringing the total authorized for repurchase to $14.0 billion. This underscores the company's commitment to returning capital to shareholders and confidence in its financial position.

Key Highlights

  • 1Motorola Solutions announced its financial results for the second quarter ended July 2, 2016, via a press release furnished with this 8-K.
  • 2The company's Board of Directors authorized an additional $2.0 billion for its share repurchase program.
  • 3This increase brings the total authorized share repurchase program to $14.0 billion.
  • 4The share repurchase program has no expiration date.
  • 5As of July 2, 2016, the company had already repurchased approximately $11.6 billion of its common stock under the existing program.
  • 6Share repurchases may be conducted in the open market or through privately negotiated transactions, subject to market conditions.

Frequently Asked Questions

The main purpose of this 8-K filing was to announce Motorola Solutions' financial results for the second quarter ended July 2, 2016, and to report a significant increase in its authorized share repurchase program.

The Board of Directors authorized an additional $2.0 billion for share repurchases, expanding the total authorized program to $14.0 billion.

Yes, as of July 2, 2016, Motorola Solutions had already repurchased approximately $11.6 billion of its common stock under the existing program, indicating a strong commitment to returning capital to shareholders.

The detailed financial results for the quarter ended July 2, 2016, are provided in the press release (Exhibit 99.1) attached to this 8-K filing.