MU 8-K Current Reports
MICRON TECHNOLOGY INC - 385 current reports
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Jun 24, 2026)
Micron Technology, Inc. (MU) has filed a Form 8-K on June 24, 2026, to report its financial results for the third quarter of fiscal year 2026, which ended on May 28, 2026. The key details of these results are provided in a press release attached as Exhibit 99.1 to this filing. While the filing itself doesn't contain the specific financial numbers, it formally announces the release of this information, signaling the company's performance update for the period. Investors should refer to the attached press release (Exhibit 99.1) for the actual financial performance metrics, including revenue, profitability, and any forward-looking guidance. This 8-K serves as the official notification mechanism for these results, and the attached press release will contain the granular data needed to assess the company's operational and financial condition for the third quarter. The information contained within this 8-K is specifically excluded from being deemed "filed" under Section 18 of the Exchange Act or incorporated by reference into other filings, meaning investors should rely on the press release itself for substantive details.
MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Jun 9, 2026)
Micron Technology, Inc. (MU) has announced a key addition to its Board of Directors, appointing Alexis Black Björlin, effective June 9, 2026. This appointment is significant as Dr. Björlin has been determined to be an independent director under Nasdaq rules, bolstering the Board's independence, which will now comprise nine directors with eight being independent. Dr. Björlin's expertise will also contribute to the Governance and Sustainability Committee. Her appointment includes standard director compensation, encompassing a pro-rata cash retainer and a restricted stock grant, aligning her interests with those of shareholders. The company emphasizes that Dr. Björlin's selection was not based on any special arrangements and she has no disqualifying relationships or material interests. This move underscores Micron's commitment to strong corporate governance and independent oversight as it navigates the dynamic semiconductor market.
MICRON TECHNOLOGY INC 8-K Report, Corporate Update (Apr 1, 2026)
Micron Technology, Inc. (MU) has filed an 8-K report detailing the conclusion of its cash tender offers for several series of its outstanding senior notes. The company announced the pricing of these offers on March 31, 2026, and the subsequent expiration on April 1, 2026. This action indicates a strategic move by Micron to manage its debt obligations, potentially refinancing or retiring specific debt maturities. Investors should note that while the specific pricing and results of the tender offers are detailed in the accompanying press releases (Exhibit 99.1 and 99.2), the core event is the company's active management of its capital structure. This could signal a proactive approach to optimize its debt profile, possibly in anticipation of future financing needs, interest rate environments, or internal strategic objectives.
MICRON TECHNOLOGY INC 8-K Report, Corporate Update (Mar 25, 2026)
Micron Technology, Inc. (MU) has announced the commencement of cash tender offers for several series of its outstanding senior notes, with maturities ranging from 2031 to 2035. This action indicates the company is actively managing its debt obligations, potentially seeking to refinance existing debt at more favorable terms or to optimize its capital structure. Investors should monitor the outcome of these tender offers closely. The success of these offers, along with the specific pricing and acceptance rates, will provide insights into Micron's liquidity position, its cost of capital, and its management's forward-looking financial strategy. While the filing itself is procedural, it signals proactive financial management that could impact the company's financial leverage and future interest expenses.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Mar 18, 2026)
Micron Technology, Inc. (MU) has filed a Form 8-K on March 18, 2026, to report its financial results for the second quarter of fiscal year 2026, ending February 26, 2026. The filing primarily serves to attach the press release containing these results, which is available as Exhibit 99.1. Investors should refer to this press release for detailed financial performance, operational achievements, and forward-looking statements for the period. While this 8-K itself doesn't contain the specific financial figures or narrative analysis, it formally announces that the Q2 FY2026 results have been disclosed. This is a standard procedure for material financial announcements. Investors seeking to understand Micron's performance, including revenue, profitability, and any guidance for the upcoming quarters, should consult the referenced press release (Exhibit 99.1). The filing also notes that the information furnished is not considered 'filed' for certain regulatory purposes, a common disclaimer for 8-K earnings releases.
MICRON TECHNOLOGY INC 8-K Report, Bylaw Amendment (Jan 21, 2026)
Micron Technology, Inc. (MU) filed an 8-K on January 20, 2026, detailing key outcomes from its Fiscal 2025 Annual Meeting of Stockholders held on January 15, 2026. The most significant development for investors is the stockholder approval of an amendment to the company's Certificate of Incorporation. This amendment, effective January 21, 2026, allows for the exculpation of certain officers from personal monetary damages related to breaches of the duty of care, as permitted by Delaware law. This move aims to further protect key management personnel. In addition to the exculpation amendment, the filing confirms the election of all director nominees and the approval of the executive compensation "say-on-pay" proposal on a non-binding basis. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026 was also ratified. Conversely, a stockholder proposal to amend shareholder special meeting rights was not approved, indicating a preference for the current governance structure regarding special meetings.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Dec 17, 2025)
Micron Technology, Inc. (MU) has filed a Current Report on Form 8-K to announce its financial results for the first quarter of fiscal year 2026, which ended on November 27, 2025. The company is providing this update to investors, and the detailed financial performance is available in the press release attached as Exhibit 99.1 to this filing. Investors should consult this press release for specific figures regarding revenue, profitability, and other key financial metrics for the quarter. This filing serves as a notification of these results, which are crucial for understanding the company's current operational and financial standing. While the 8-K itself does not contain the detailed financial tables, it directs stakeholders to the official press release for comprehensive information. The company has also provided an interactive data file for easier analysis of the financial statements.
MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Oct 21, 2025)
Micron Technology, Inc. (MU) has filed a Current Report (8-K) on October 21, 2025, to disclose significant changes to its Board of Directors. Notably, Richard M. Beyer and Mary Pat McCarthy have announced their retirement from the Board and will not seek re-election at the upcoming fiscal 2025 annual shareholders meeting. Both directors will continue to serve their current terms until the Annual Meeting, ensuring continuity during this transition period. This filing is primarily informational, alerting investors to the upcoming changes in board composition. While no immediate operational or financial impacts are detailed in this specific filing, the retirement of long-standing directors can signal shifts in governance or strategic focus. Investors should monitor future filings for information regarding the election of new directors and any potential changes in committee memberships or board leadership.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Sep 23, 2025)
Micron Technology, Inc. (MU) has filed a Form 8-K on September 23, 2025, to report its financial results for the fourth quarter and full fiscal year 2025, which concluded on August 28, 2025. The key details of these results are contained within a press release, attached as Exhibit 99.1 to this filing. Investors should refer to this press release for comprehensive information regarding the company's performance during the period. This filing serves as a notification mechanism for the market regarding these important financial outcomes.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Aug 11, 2025)
Micron Technology, Inc. (MU) has filed an 8-K report on August 11, 2025, to disclose a pre-release update to its financial guidance for the fourth fiscal quarter ending August 28, 2025. This proactive communication aims to provide investors with timely information regarding the company's near-term financial outlook. While the specific details of the guidance update are contained within the attached press release (Exhibit 99.1), the filing itself signifies Micron's commitment to transparency. Investors should carefully review the press release to understand the nature and magnitude of the updated guidance, as it may impact their investment decisions and expectations for the company's performance in the current quarter.
MICRON TECHNOLOGY INC 8-K Report, Bylaw Amendment (Jul 18, 2025)
Micron Technology, Inc. (MU) has filed a Current Report (8-K) on July 18, 2025, detailing an amendment to its corporate bylaws. The primary change involves an update to the company's exclusive forum provision to align with recent changes in Delaware state law. This is a procedural update aimed at ensuring compliance with legal requirements and maintaining clarity in corporate governance. Investors should note that this filing does not contain any new financial results, operational updates, or strategic announcements, but rather focuses on corporate housekeeping matters.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Jun 25, 2025)
Micron Technology, Inc. (MU) has filed a Form 8-K to announce its financial results for the third quarter of fiscal year 2025, ended May 29, 2025. The filing primarily directs investors to the press release attached as Exhibit 99.1 for detailed financial and operational performance information. While specific financial figures are not included in the 8-K itself, the announcement of these results is a significant event for investors tracking the semiconductor industry and Micron's performance within it, particularly concerning demand for memory and storage solutions. Investors should refer to the accompanying press release for critical details such as revenue, profitability, earnings per share (EPS), and segment performance. This information will be crucial for assessing the company's execution against market expectations and its outlook for the upcoming quarters, especially given the dynamic nature of the semiconductor market and the company's strategic position in areas like AI and data center demand.
MICRON TECHNOLOGY INC 8-K Report, Corporate Update (Jun 12, 2025)
Micron Technology, Inc. (MU) has filed an 8-K detailing significant advancements in its U.S. investment strategy, particularly concerning leading-edge DRAM manufacturing and R&D. The company announced expanded U.S. investments bolstered by amended and new funding agreements under the U.S. CHIPS Act. These agreements are crucial for financing the construction of advanced semiconductor fabrication facilities. The most impactful development is the total awarded CHIPS Act grants now reaching up to $6.44 billion. This includes $6.1 billion for Micron Idaho and Micron New York, which will support multiple fab facilities in Idaho and New York. Additionally, a new $275 million grant for Micron Virginia will fund the expansion and modernization of an existing facility in Manassas, Virginia. These grants are instrumental in de-risking Micron's substantial capital expenditure plans and underscore the U.S. government's commitment to onshoring semiconductor production.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Apr 29, 2025)
Micron Technology, Inc. has announced the successful settlement of a significant debt offering, raising a total of $1.75 billion through the issuance of new senior notes. This offering includes $500 million in 5.65% senior notes due 2032 and $1.25 billion in 6.05% senior notes due 2035. The net proceeds from this transaction are primarily earmarked to redeem the company's outstanding 4.185% Senior Notes due 2027 and terminate associated interest rate swaps, demonstrating a strategic move to refinance existing debt and potentially lower borrowing costs. This debt issuance indicates Micron's active management of its capital structure and its ability to access public markets for funding. The company has also provided details on the terms of the new notes, including interest rates, maturity dates, and optional redemption provisions. These new notes are governed by an indenture that includes customary covenants and events of default, providing a framework for the company's debt obligations. The redemption of the 2027 notes, coupled with this new issuance, signals a proactive approach to managing its debt profile and optimizing its financial obligations.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Mar 20, 2025)
Micron Technology, Inc. (MU) filed an 8-K report on March 20, 2025, to announce its financial results for the second quarter of fiscal year 2025, which ended on February 27, 2025. The report primarily serves as a notification of the earnings release and does not contain new substantive financial data within the 8-K itself, as the detailed results are provided in the attached press release (Exhibit 99.1). Investors should refer to the press release for specific performance metrics, revenue figures, profitability, and forward-looking guidance. The 8-K filing signifies that Micron has publicly disclosed its quarterly performance, allowing investors to assess the company's operational and financial condition during the reporting period.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Mar 12, 2025)
Micron Technology, Inc. (MU) has announced the entry into a new $3.5 billion revolving credit facility, replacing its prior $2.5 billion facility. This new credit agreement extends the maturity date to March 12, 2030, providing enhanced financial flexibility and a larger borrowing capacity. The increased facility size, along with the option to add up to an additional $1.5 billion through incremental facilities, positions Micron to effectively manage its liquidity needs and pursue strategic opportunities. The new facility features updated covenants, including a net leverage ratio requirement of no more than 3.25 to 1.00 (with a temporary increase to 3.75 to 1.00 following material acquisitions), which is consistent with market practices. The interest rate margins on borrowings and commitment fees on unused portions are tied to Micron's corporate ratings, offering potential cost efficiencies. Importantly, the agreement does not restrict dividend payments or other restricted payments, a favorable point for shareholders.
MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Mar 5, 2025)
Micron Technology, Inc. (MU) has announced a significant expansion of its Board of Directors with the appointment of two new independent directors, Anna Christine Simons and Teyin Mark Liu. This move bolsters the Board to ten members, with nine now classified as independent, reinforcing corporate governance and oversight. Both appointees bring valuable expertise and will serve on key committees, with Ms. Simons joining the Security Committee (and expected to join the Audit Committee) and Dr. Liu appointed to the Governance and Sustainability Committee and the Finance Committee. Investors should note that these appointments are accompanied by standard compensation packages for non-employee directors, including a $125,000 cash retainer and a $250,000 restricted stock grant. The addition of experienced, independent directors is a positive signal for the company's strategic direction and commitment to robust governance practices, which are crucial for long-term shareholder value.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Jan 21, 2025)
Micron Technology, Inc. (MU) has filed an 8-K report detailing significant financial and corporate governance activities. The company has entered into a new Term Loan Credit Agreement, securing a $1.6835 billion facility. This new loan will be used to repay a portion of its existing term loan, effectively refinancing a substantial debt. The new facility matures in January 2029 and carries interest rates based on SOFR or a base rate, plus a margin dependent on Micron's corporate ratings. Crucially, this new loan is unsecured and does not include covenants restricting dividend payments or share repurchases, which could be positive for shareholders. The report also details the termination of its previous credit agreement with Wells Fargo as the administrative agent without material early termination penalties. Furthermore, the company's stockholders approved the 2025 Equity Incentive Plan at the Annual Meeting, which will replace prior plans and govern future equity awards. This plan reserves approximately 48.6 million shares for issuance. All incumbent directors were re-elected, and the compensation of named executive officers received advisory approval, indicating shareholder confidence in the current leadership and compensation structures. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2025 was also ratified.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Jan 16, 2025)
Micron Technology, Inc. has announced the successful settlement of a $1,000,000,000 offering of 5.80% senior notes due 2035. This offering, conducted through a public offering registered with the SEC, provides Micron with additional capital. The proceeds from this issuance are earmarked to redeem the company's outstanding 4.975% Senior Notes due 2026, with any remaining funds designated for general corporate purposes, potentially including other debt repayments. In conjunction with this new debt issuance, Micron has also initiated the redemption of its 2026 Senior Notes. This move signals a proactive approach to managing its debt profile and potentially optimizing its cost of capital. The terms of the new notes include provisions for early redemption and a change of control offer, common features in corporate debt instruments.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Dec 18, 2024)
Micron Technology, Inc. (MU) has filed a Form 8-K on December 18, 2024, to announce its financial results for the first quarter of fiscal year 2025, which ended on November 28, 2024. The report primarily serves as a notification of the earnings release, with the detailed financial and operational information contained within the accompanying press release, attached as Exhibit 99.1. Investors should refer to this press release for specific performance metrics, guidance, and management commentary. While the 8-K itself does not contain the detailed financial figures, it triggers the official dissemination of the company's quarterly performance. The filing specifies that the information within Item 2.02 and Exhibit 99.1 is not considered "filed" for certain regulatory purposes, meaning it's for informational disclosure rather than formal incorporation into SEC filings unless specifically referenced. This is a standard procedure for earnings announcements and investors should treat the press release as the primary source of forward-looking and historical financial data.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Dec 10, 2024)
Micron Technology, Inc. (MU) has entered into material definitive agreements with the U.S. Department of Commerce under the CHIPS Incentives Program. These agreements include direct funding grants totaling up to $6.1 billion for the construction of new semiconductor fabrication facilities in Idaho ($1.5 billion) and New York ($4.6 billion), along with an additional $65 million for workforce development. Micron has opted out of the government loan components previously considered, choosing instead to rely on these grant awards to reimburse eligible project costs upon milestone achievement. Additionally, a related agreement secures up to $275 million for the modernization of DRAM production in Virginia. These significant government grants will substantially de-risk and accelerate Micron's planned U.S. manufacturing expansion. The funding is contingent on achieving specific construction, tool installation, and wafer production milestones, and includes covenants related to CHIPS Act requirements, national security objectives, and restrictions on engaging with certain foreign entities. The agreements also outline provisions for potential clawbacks and upside sharing on project profits for the government, as well as restrictions on dividends and share repurchases, with specific allowances for customary dividends and limited share repurchases in the initial years.
MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Oct 30, 2024)
This 8-K filing from Micron Technology, Inc. (MU) primarily details significant changes in its Board of Directors leadership. Robert Switz, the current Chair of the Board, has announced his retirement and will not seek re-election at the upcoming annual shareholders meeting. Importantly, Mr. Switz's decision is not due to any disagreements with the company, indicating a smooth transition. Following Mr. Switz's retirement, the independent members of the Board have elected Chief Executive Officer Sanjay Mehrotra to succeed him as Chair. Additionally, Lynn Dugle has been appointed as the lead independent director. These leadership changes are effective upon Mr. Switz's retirement. The filing also notes an amendment to the company's bylaws, allowing the Board to set the number of directors by its own resolution, providing more flexibility in board composition.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Sep 25, 2024)
Micron Technology, Inc. (MU) has filed an 8-K report on September 25, 2024, to announce its financial results for the fourth quarter and full fiscal year 2024, ended August 29, 2024. While the specific financial figures are detailed in the accompanying press release (Exhibit 99.1), this filing serves as the official notification of these results to the market. Investors should refer to the press release for a comprehensive understanding of the company's performance, including revenue, profitability, and any forward-looking guidance. This report is a standard disclosure vehicle for material events, and the key information for investors will be within the press release itself. The company is providing an update on its operational and financial condition as of the end of its fiscal year. Investors are encouraged to review the attached press release for detailed metrics, management commentary, and outlook that will inform investment decisions.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Aug 7, 2024)
Micron Technology Inc. (MU) announced on August 7, 2024, the resumption of its previously announced stock repurchase program. This program, originally authorized in May 2018 and temporarily suspended in December 2022 due to an industry downturn, is now being reactivated in light of improved market conditions. The company intends to utilize these repurchases to offset dilution stemming from employee stock purchase programs. This decision signals Micron's confidence in its current financial health and its ability to generate free cash flow, allowing for capital allocation back to shareholders. While the exact size and timing of repurchases are subject to market conditions and ongoing management assessment, the resumption demonstrates a strategic move to enhance shareholder value and maintain financial flexibility. Micron also reiterated its commitment to strengthening its balance sheet and preserving its investment-grade credit rating.
MICRON TECHNOLOGY INC 8-K Report, Bylaw Amendment (Jul 19, 2024)
Micron Technology, Inc. (MU) has filed an 8-K report detailing amendments to its Amended and Restated Bylaws, effective July 18, 2024. These changes are primarily administrative and designed to align the company's governance documents with recent updates to Delaware corporate law and SEC regulations. Key adjustments include provisions for remote stockholder meetings, updated notice requirements for both stockholder and board meetings, and enhanced procedures for director nominations and shareholder proposals. Investors should note that these amendments do not represent a significant shift in the company's strategic direction or financial operations. Instead, they focus on modernizing corporate governance practices to improve flexibility, transparency, and compliance. The updates address areas such as electronic notice delivery, the mechanics of board actions by written consent, and the alignment with universal proxy rules, which are intended to streamline shareholder engagement and director elections.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Jun 26, 2024)
Micron Technology, Inc. (MU) has filed a Current Report on Form 8-K on June 26, 2024, to announce its financial results for the third quarter of fiscal year 2024, which concluded on May 30, 2024. The press release detailing these results is attached as Exhibit 99.1 to the filing. This report serves as the primary communication channel for investors regarding Micron's recent financial performance and operational standing. The information provided in this 8-K, specifically within Item 2.02 and its attached Exhibit 99.1, is crucial for investors to assess the company's performance trends, revenue generation, profitability, and any forward-looking statements made by management. While not deemed "filed" under certain sections of the Exchange Act, this information is a significant source for understanding the company's current financial condition and outlook.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Apr 19, 2024)
Micron Technology, Inc. (MU) announced on April 17, 2024, that its subsidiary, Micron Virginia Semiconductor Manufacturing LLC, submitted a full application for U.S. Department of Commerce CHIPS Program grants. This application seeks federal funding to modernize DRAM production at its existing Manassas, Virginia facility, specifically for long-lifecycle DRAM products catering to defense, aerospace, automotive, and industrial sectors. The company highlights that these grants, alongside federal investment tax credits and Virginia state incentives, are crucial for proceeding with the project, which aims to address future demand and increase Micron's overall supply in line with industry growth. This Virginia project application is in addition to previously disclosed applications for federal funding for leading-edge manufacturing facilities in Boise, Idaho, and Clay, New York. Investors should note that this filing primarily serves as a Regulation FD disclosure and contains forward-looking statements about future plans. Micron cautions that actual results may differ materially due to various risks and uncertainties, and it is not obligated to update these statements.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Apr 11, 2024)
Micron Technology, Inc. (MU) filed an 8-K on April 10, 2024, providing an update on the impact of the April 3, 2024 earthquake in Taiwan. The company confirmed that all employees are safe and there is no permanent damage to its facilities, infrastructure, or tools. Micron's long-term DRAM supply capability remains unaffected. While fab activity is recovering well, the company is not yet at full DRAM production. Micron estimates the earthquake will result in a temporary impact of up to a mid-single digit percentage reduction in calendar quarter-level DRAM supply.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Mar 20, 2024)
Micron Technology, Inc. (MU) filed an 8-K on March 19, 2024, to report its financial results for the second quarter of fiscal year 2024, ended February 29, 2024. This filing primarily serves to attach the official press release containing these results, which was issued on March 20, 2024. Investors should refer to the attached press release (Exhibit 99.1) for the detailed financial performance and operational highlights of the quarter. The information provided in this 8-K is limited to the announcement of the financial results. For a comprehensive understanding of Micron's performance, including key financial metrics, management commentary, and forward-looking guidance, investors are directed to the full press release. It's important to note that the information in this filing is not deemed "filed" for certain regulatory purposes unless specifically incorporated by reference into other filings.
MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Mar 11, 2024)
Micron Technology, Inc. (MU) has filed an 8-K report on March 11, 2024, primarily announcing a significant change in its Board of Directors. Robert Swan has been appointed as a new director, effective March 11, 2024. Mr. Swan's appointment also includes his joining the Audit Committee and the Finance Committee of the Board, bringing his experience to key oversight functions. His compensation will align with the company's non-employee director program, including a restricted stock grant. In conjunction with Mr. Swan's appointment, Micron's Board size has been increased from eight to nine members. This expansion is detailed in the Amended and Restated Bylaws, also effective March 11, 2024. These changes reflect a strategic move to enhance board oversight and potentially leverage Mr. Swan's expertise in financial and audit matters, which could be of interest to investors scrutinizing corporate governance and strategic direction.
MICRON TECHNOLOGY INC 8-K Report, Shareholder Vote Results (Jan 19, 2024)
Micron Technology, Inc. (MU) filed an 8-K on January 19, 2024, detailing the outcomes of its 2023 Annual Meeting of Stockholders held on January 18, 2024. The meeting focused on several key proposals, including the election of directors, advisory votes on executive compensation, the frequency of such votes, ratification of the independent auditor, and a shareholder proposal regarding termination pay. Investors will note that all incumbent directors were re-elected by a significant margin, and the company's executive compensation plan received advisory approval, albeit with a notable percentage of opposition. The frequency of advisory votes on executive compensation was determined to be annual, aligning with the Board's recommendation. Furthermore, the appointment of PricewaterhouseCoopers LLP as the independent auditor was overwhelmingly ratified. The shareholder proposal concerning excessive termination pay was not approved, indicating shareholder support for the current compensation structures in that regard.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Jan 12, 2024)
Micron Technology, Inc. (MU) has filed an 8-K report on January 12, 2024, to disclose the settlement of its offering of $1 billion in 5.30% senior notes due 2031. The proceeds from this offering are earmarked for repaying existing borrowings under its senior term loan due October 2024, with any remaining funds designated for general corporate purposes, potentially including further debt repayment. This move signals a proactive approach to managing its debt obligations and optimizing its capital structure. The notes carry a fixed interest rate of 5.30% and mature in January 2031. The indenture governing these notes includes standard covenants related to liens, sale and lease-back transactions, and limitations on mergers or asset sales, along with customary events of default. The company also has the option to redeem these notes under specific conditions before maturity, including a "Par Call Date" in November 2030 and a higher repurchase price (101% of principal) in the event of a specified change of control triggering event.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Dec 20, 2023)
Micron Technology, Inc. (MU) has filed a Current Report on Form 8-K on December 19, 2023, to announce its financial results for the first quarter of fiscal year 2024, which ended on November 30, 2023. This filing primarily serves as a notification and provides investors with access to the company's official press release detailing these quarterly results. Investors should refer to the press release (Exhibit 99.1) for comprehensive details on Micron's performance, including revenue, profitability, and other key financial metrics for the first quarter of FY2024. The information is presented for informational purposes and is not considered "filed" under Section 18 of the Exchange Act, meaning it does not carry the same legal liability as other filing components, nor is it automatically incorporated into future SEC filings unless explicitly referenced.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Nov 28, 2023)
Micron Technology, Inc. (MU) filed an 8-K on November 28, 2023, primarily to disclose updates to its financial guidance for the first quarter of fiscal year 2024. This filing signals a proactive approach by the company to inform investors about potential shifts in its financial performance. While the specific details of the guidance update are contained within the attached press release (Exhibit 99.1), the act of filing this 8-K indicates that these updates may be material to investors' understanding of the company's near-term financial outlook. Investors should pay close attention to the press release referenced in this filing for concrete figures and the reasoning behind the revised guidance. This type of disclosure is crucial for assessing the company's operational execution, market demand for its products, and overall profitability trajectory. The filing itself serves as official notification that new financial information is available, warranting a thorough review of the supplementary materials.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Sep 27, 2023)
Micron Technology, Inc. (MU) filed an 8-K on September 27, 2023, announcing its financial results for the fourth quarter and full fiscal year 2023, ending August 31, 2023. This report primarily serves to attach the press release detailing these results, which is available as Exhibit 99.1. Investors should refer to this press release for specific financial performance metrics, including revenue, profitability, and any forward-looking guidance. The filing itself does not contain the detailed financial data but directs stakeholders to the attached press release for a comprehensive overview of the company's performance. The information provided in Item 2.02 is not considered 'filed' for regulatory purposes, meaning it doesn't carry the same liability as other SEC filings, nor is it automatically incorporated into future SEC filings unless explicitly stated.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Aug 21, 2023)
Micron Technology Inc. (MU) has submitted full applications to the U.S. Department of Commerce's CHIPS Program Office for federal funding under the CHIPS and Science Act. These applications are for the development of two leading-edge semiconductor manufacturing facilities: a memory manufacturing fab in Boise, Idaho, and a DRAM manufacturing megafab in Clay, New York. Micron is seeking federal support in the form of grants, which, when combined with investment tax credits, are crucial for enabling the progression of both of these significant projects. The company views this federal funding as a necessary component to move forward with these substantial capital investments in advanced memory manufacturing within the United States. Investors should monitor the outcome of these applications as they represent a potential catalyst for future growth and manufacturing expansion.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Jun 28, 2023)
Micron Technology, Inc. (MU) filed an 8-K on June 28, 2023, to announce its financial results for the third quarter of fiscal year 2023, which ended on June 1, 2023. The key information, detailed in the press release attached as Exhibit 99.1, pertains to the company's operational and financial performance during the quarter. Investors should note that this information is furnished and not considered "filed" for certain regulatory purposes, meaning it won't automatically be incorporated into future SEC filings unless explicitly referenced.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Jun 16, 2023)
Micron Technology, Inc. (MU) has filed an 8-K disclosing ongoing uncertainty and fluidity regarding the impact of the Cybersecurity Administration of China's (CAC) May 21, 2023, conclusion. The company is experiencing customer contacts from Chinese Critical Information Infrastructure (CII) operators and government representatives concerning the future use of Micron products. This situation poses a risk to a significant portion of Micron's revenue derived from companies headquartered in mainland China and Hong Kong, which previously represented approximately a quarter of worldwide revenue.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (May 22, 2023)
Micron Technology, Inc. (MU) has announced a significant development following a review by China's Cyberspace Administration (CAC). The CAC concluded that Micron products pose a cybersecurity risk, leading to a directive for critical information infrastructure operators in China to cease using Micron products. Micron is currently assessing the potential impact of this ban on its sales, particularly concerning revenue derived from these specific operators. This regulatory development introduces uncertainty for Micron's operations in China and its overall financial performance. Investors should pay close attention to the company's upcoming commentary from its CFO, Mark Murphy, at the J.P. Morgan Annual Global Technology, Media and Communications Conference. Further details regarding the scope of the ban and its financial implications are expected during this event, which will be webcasted live.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Apr 11, 2023)
Micron Technology, Inc. (MU) has announced the successful settlement of a public offering for $1.5 billion in aggregate principal amount of senior notes. The offering comprises $600 million of 5.375% senior notes due 2028 and $900 million of 5.875% senior notes due 2033. The net proceeds from this offering are intended to be used to repay a portion of outstanding borrowings under its senior term loan and for general corporate purposes. This move suggests a strategic refinancing of debt, potentially to secure more favorable terms or extend maturity profiles. Separately, Micron disclosed that it is cooperating with a cybersecurity review initiated by China's Cyberspace Administration (CAC) concerning products sold in China. While the company is working with the CAC, there is a risk that an adverse outcome could negatively impact direct and indirect sales in China and Hong Kong, potentially leading to a material adverse effect on the business. Investors should monitor this regulatory development closely as it could affect a significant portion of Micron's revenue base.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Mar 28, 2023)
Micron Technology, Inc. (MU) filed an 8-K on March 28, 2023, primarily to announce its financial results for the second quarter of fiscal year 2023, which ended on March 2, 2023. The press release detailing these results, attached as Exhibit 99.1, contains crucial information regarding the company's performance and financial condition. Investors should review this press release for specific figures on revenue, profitability, and any forward-looking statements or guidance provided by management. This filing serves as the official notification of these key financial outcomes.
MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Feb 9, 2023)
Micron Technology, Inc. (MU) has filed an 8-K report detailing significant executive compensation adjustments aimed at cost reduction. Effective February 5, 2023, the company implemented a reduction in annual base salaries for its Chief Executive Officer (CEO), Chief Financial Officer (CFO), and other named executive officers (NEOs). The CEO's base salary will be reduced by 20%, executive vice presidents by 15%, and senior vice presidents by 10% for the remainder of fiscal year 2023. Furthermore, bonuses for all NEOs are suspended for fiscal 2023. These measures are part of a broader initiative to lower operating expenses and are expected to result in a 53% to 75% reduction in target total cash compensation for these executives. In addition to executive pay cuts, Micron's Board of Directors has voluntarily reduced its own cash compensation by 20% for non-employee directors. The company has also amended severance agreements for its top executives to ensure that any severance benefits are calculated based on the pre-reduction base salaries. These actions underscore Micron's commitment to managing costs during a challenging period for the semiconductor industry.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Feb 9, 2023)
Micron Technology, Inc. has announced the settlement of a public offering for a total of $1.25 billion in senior notes. This offering includes an additional $500 million of 6.750% senior notes due 2029 and $750 million of 5.875% senior notes due 2033. The proceeds from this offering are designated for general corporate purposes, which may encompass capital expenditures, indicating the company's ongoing investment in its operations and strategic initiatives. These new notes are structured to be fungible with previously issued notes of the same series, ensuring a unified debt structure. The company has outlined terms for potential early redemption, including specific 'Par Call Dates' and associated redemption prices, as well as provisions for repurchase at 101% of the principal amount in the event of a change of control. These terms provide clarity on the debt's flexibility and investor protection mechanisms.
MICRON TECHNOLOGY INC 8-K Report, Shareholder Vote Results (Jan 13, 2023)
Micron Technology, Inc. (MU) filed an 8-K on January 13, 2023, detailing the outcomes of its Fiscal 2022 Annual Meeting of Shareholders held on January 12, 2023. The primary focus of the filing is the voting results on several key proposals, providing transparency to investors on corporate governance and executive compensation. Key outcomes include the election of all director nominees, the approval of executive compensation in a non-binding vote, and the approval to increase the shares available under its equity incentive plan. The company also successfully ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm. These results generally indicate strong shareholder support for the company's proposed actions and leadership.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Jan 5, 2023)
Micron Technology, Inc. (MU) filed an 8-K on January 5, 2023, to report the entry into an Incremental Amendment to its Term Loan Credit Agreement. This amendment establishes a new Incremental Term Loan Facility totaling $600 million, comprising three tranches: $125 million in Incremental Term A-1 Loans, $250 million in Incremental Term A-2 Loans, and $225 million in Incremental Term A-3 Loans. The proceeds are designated for general corporate purposes, including capital expenditures, which is a key area of investment for a semiconductor company like Micron. The new loans have varying maturity dates (November 2025, 2026, and 2027) and interest rates tied to adjusted SOFR or a base rate, plus an applicable margin dependent on the company's corporate ratings. These new facilities are largely on the same terms as the existing credit agreement, including a consolidated leverage ratio covenant. This filing indicates Micron's continued access to debt financing to support its operational and capital needs.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Dec 21, 2022)
Micron Technology, Inc. (MU) filed an 8-K on December 21, 2022, primarily announcing its first quarter fiscal year 2023 financial results and a significant restructuring plan. While the detailed financial results for Q1 FY2023 are referenced in an attached press release, the 8-K explicitly highlights a workforce reduction of approximately 10% expected throughout calendar year 2023. This reduction is a strategic response to challenging industry conditions. In conjunction with this restructuring, Micron anticipates incurring charges of at least $30 million, largely in cash expenditures, during the second quarter of fiscal year 2023. Investors should note that these forward-looking statements regarding the restructuring and charges are subject to risks and uncertainties, and actual results may differ materially. The company advises referring to its SEC filings for a comprehensive understanding of potential risks.
MICRON TECHNOLOGY INC 8-K Report, Regulation FD Disclosure (Nov 16, 2022)
Micron Technology, Inc. (MU) filed an 8-K on November 16, 2022, primarily to disclose actions being taken in response to challenging market conditions. The company issued a press release on November 16, 2022, detailing these measures, which are intended to address the current industry downturn and preserve financial flexibility. Investors should note that this filing is primarily for Regulation FD disclosure purposes and does not contain new financial statements or detailed operational updates beyond what is communicated in the press release. The press release, incorporated as Exhibit 99.1, is the key information source from this filing. While the 8-K itself is brief, the associated press release likely contains details regarding cost reductions, capital expenditure adjustments, or other strategic initiatives aimed at navigating the current semiconductor market environment. Investors are advised to review the attached press release for specific information on Micron's strategy and outlook.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Nov 3, 2022)
Micron Technology, Inc. (MU) announced on November 3, 2022, the entry into a new Term Loan Credit Agreement, securing a $2.6 billion committed term loan facility. This facility consists of three tranches with varying maturity dates and amortization schedules, designed to provide capital for general corporate purposes, potentially including capital expenditures. The company has the flexibility to increase this facility by up to an additional $1.3 billion under certain conditions. This financing strengthens Micron's liquidity position and provides flexibility for its ongoing capital needs in a dynamic industry. While the loan is unsecured and does not involve subsidiary guarantees at this time, it does include customary covenants. Key among these are a leverage ratio not to exceed 3.25 to 1.00 (with a temporary increase to 3.75 to 1.00 post-acquisition), and restrictions on certain corporate actions like mergers, asset disposals, and incurring additional secured or unsecured debt. The agreement does not restrict dividend payments.
MICRON TECHNOLOGY INC 8-K Report, Material Agreement (Oct 31, 2022)
Micron Technology, Inc. (MU) has filed an 8-K report detailing the settlement of its public offering of $750 million in 6.750% senior notes due 2029. This financing event indicates the company's proactive approach to managing its capital structure and potentially funding future growth initiatives, including capital expenditures. The issuance of these notes provides Micron with additional liquidity and flexibility to pursue its strategic objectives in the dynamic semiconductor market. Investors should note the key terms of the notes, including their interest rate, maturity date, and redemption provisions. The notes are callable under specific conditions, including a 'Par Call Date' and a change of control event, which could impact the company's future debt management. The covenants associated with the indenture are customary and include restrictions on liens, sale-leaseback transactions, and fundamental corporate changes. The proceeds are earmarked for general corporate purposes, which may encompass capital expenditures.
MICRON TECHNOLOGY INC 8-K Report, Financial Results (Sep 29, 2022)
Micron Technology, Inc. (MU) filed an 8-K on September 29, 2022, to announce its financial results for the fourth quarter and full fiscal year 2022, ended September 1, 2022. The report primarily serves as a notification of the release of their earnings press release, which is attached as an exhibit. Investors should refer to Exhibit 99.1 for the detailed financial performance, operational highlights, and forward-looking statements made by the company. This filing indicates that Micron has officially communicated its latest financial figures. While the 8-K itself doesn't contain the detailed results, it directs investors to the accompanying press release for comprehensive information on revenue, profitability, segment performance, and management's outlook. This is a standard procedure for publicly traded companies to disseminate material financial information to the market.