8-KOther EventsExhibits & Filings

MICRON TECHNOLOGY INC 8-K Report, Corporate Update (Apr 14, 2011)

Filed April 14, 2011For Securities:MU

Summary

Micron Technology, Inc. (MU) filed a Form 8-K on April 14, 2011, to provide updated segment reporting that aligns with their recently reorganized business structure. This filing is not intended to disclose new financial performance or events occurring after their last annual report (filed for the year ended September 2, 2010). Instead, it retrospectively applies the new four-segment structure to historical financial data previously disclosed in their 2010 Form 10-K. The primary purpose is to ensure consistency in financial presentation across their filings. Investors can now view historical performance through the lens of the four new reportable segments: DRAM Solutions Group (DSG), NAND Solutions Group (NSG), Wireless Solutions Group (WSG), and Embedded Solutions Group (ESG). This allows for a clearer understanding of how the company's historical operations map to its current organizational and reporting framework.

Key Highlights

  • 1Micron Technology is reclassifying historical financial data to align with its new four-segment organizational structure: DRAM Solutions Group (DSG), NAND Solutions Group (NSG), Wireless Solutions Group (WSG), and Embedded Solutions Group (ESG).
  • 2This 8-K filing is for informational purposes to provide consistency in segment reporting, not to report new financial results or events post-fiscal year 2010.
  • 3The revised segment information is applied to the historical data presented in the Annual Report on Form 10-K for the fiscal year ended September 2, 2010.
  • 4The filing includes revised sections from the company's 2010 Form 10-K: Item 1 (Business), Item 7 (MD&A), and Item 8 (Financial Statements and Supplementary Data).
  • 5Investors are advised that this filing does not include any disclosures on events or financial performance subsequent to the date of the Annual Report.
  • 6The company also included the consent of their independent registered public accounting firm.
  • 7This action aims to make historical segment reporting consistent with the presentation in the recent Form 10-Q filing for the second quarter of fiscal 2011.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide updated segment reporting by reclassifying historical financial information to align with Micron's new four-segment business structure (DRAM Solutions Group, NAND Solutions Group, Wireless Solutions Group, and Embedded Solutions Group). This ensures consistency with their recent quarterly report and future filings.

No, this filing does not contain new financial results or disclose events that have occurred since the date of Micron's Annual Report on Form 10-K for the fiscal year ended September 2, 2010. It only restates historical segment information under the new organizational structure.

The segment reporting change is applied to the historical financial information included in Micron's Annual Report on Form 10-K for the year ended September 2, 2010. Specific revised sections from this report are included as exhibits.

This 8-K filing provides the structural reclassification of historical data. For actual financial performance and detailed operational discussions relating to these segments, investors should refer to Micron's subsequent quarterly and annual filings with the SEC, particularly their Form 10-Q for the second quarter of fiscal 2011 and future reports.