Summary
Seagate Technology plc filed a Form 8-K on October 31, 2012, to report its financial results for the fiscal quarter ended September 28, 2012. This filing primarily serves to furnish the press release and supplemental commentary associated with these results, which were issued on the same date. Investors should note that this information is provided as 'furnished' and not 'filed,' meaning it does not carry the same level of legal liability under Section 18 of the Securities Exchange Act of 1934. The report references exhibits containing detailed financial performance and operational commentary for the first fiscal quarter of 2013.
Key Highlights
- 1Seagate Technology plc reported its financial results for the fiscal quarter ended September 28, 2012.
- 2The Form 8-K filing includes a press release and supplemental commentary dated October 31, 2012.
- 3The furnished information pertains to Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits).
- 4The exhibits (99.1 and 99.2) contain the detailed financial results and commentary for the fiscal first quarter of 2013.
- 5The report includes a cautionary note regarding forward-looking statements and associated risks and uncertainties.
- 6Key risks mentioned include global economic conditions, disk drive market demand and pricing, manufacturing capabilities, competitive pressures, and integration risks from the Samsung Electronics transaction.
Frequently Asked Questions
The primary purpose of this 8-K filing is to officially furnish the press release and supplemental commentary that Seagate Technology plc issued on October 31, 2012, to report its financial results for the fiscal quarter ended September 28, 2012. This makes the information publicly available as part of the SEC's record.
The information in this Current Report on Form 8-K, including the attached exhibits, is designated as 'furnished.' This means it is provided to the SEC for public disclosure but is not subject to the same liability provisions under Section 18 of the Securities Exchange Act of 1934 as information that is 'filed'.
The detailed financial results and commentary for the fiscal first quarter of 2013 are provided in the exhibits attached to this 8-K filing: Exhibit 99.1 (Press release) and Exhibit 99.2 (Supplemental Commentary).
The report highlights several risks and uncertainties that could affect future performance, including uncertain global economic conditions, variable demand and adverse pricing in the disk drive market, the company's ability to manufacture and sell new products cost-effectively, competitive product announcements, potential industry oversupply, challenges in achieving cost savings from restructuring, and risks associated with the recently executed transaction with Samsung Electronics.