8-KOther EventsExhibits & Filings

Seagate Technology Holdings plc 8-K Report, Corporate Update (Nov 29, 2012)

Filed November 29, 2012For Securities:STX

Summary

Seagate Technology plc (STX) filed an 8-K on November 29, 2012, primarily announcing a material event regarding its dividend policy. The company's Board of Directors declared a cash dividend of $0.38 per ordinary share, representing a notable increase and signaling confidence in the company's financial health and future prospects. This dividend is scheduled to be paid on December 28, 2012, to shareholders of record as of December 14, 2012. This dividend declaration, especially the increase, is a key signal to investors about the company's ability to generate sufficient cash flow to return value to shareholders. While the 8-K itself is brief, it directs investors to a press release (Exhibit 99.1) that likely provides further context on the dividend increase and potentially other forward-looking statements. Investors should pay close attention to the cautionary note regarding forward-looking statements, as they are based on current assumptions and are subject to various risks and uncertainties that could impact actual results.

Key Highlights

  • 1Seagate Technology plc declared a cash dividend of $0.38 per ordinary share on November 29, 2012.
  • 2The declared dividend represents an increase from previous dividend payments.
  • 3The dividend is payable on December 28, 2012.
  • 4Shareholders of record as of December 14, 2012, will receive the dividend.
  • 5The filing references a press release (Exhibit 99.1) with the title 'Seagate Technology plc Declares and Increases Quarterly Cash Dividend by 19%', indicating a significant dividend hike.
  • 6The report includes a standard cautionary note about forward-looking statements, highlighting potential risks and uncertainties.
  • 7The information is furnished and not deemed filed for Section 18 liability purposes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce that Seagate Technology plc's Board of Directors has declared a cash dividend on the company's ordinary shares and to specify the details of this dividend payment, including the amount, record date, and payment date.

The declared cash dividend is $0.38 per ordinary share. It is payable on December 28, 2012, to shareholders who are recorded as holding shares at the close of business on December 14, 2012.

Yes, the filing's exhibit title, 'Seagate Technology plc Declares and Increases Quarterly Cash Dividend by 19%', clearly indicates that this dividend represents a 19% increase compared to previous dividends.

Investors should be aware of the forward-looking statements made in connection with this announcement. These statements are based on current management views and assumptions and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those projected. The filing references Seagate's Form 10-Q for October 31, 2012, for a detailed discussion of these risks.