8-KEarnings & ResultsExhibits & Filings

Seagate Technology Holdings plc 8-K Report, Financial Results (Jan 8, 2013)

Filed January 8, 2013For Securities:STX

Summary

Seagate Technology Holdings plc (STX) filed this 8-K report on January 8, 2013, to announce preliminary financial results for its fiscal second quarter ended December 28, 2012. The filing serves as a notification of these select results, which were detailed in an accompanying press release furnished as Exhibit 99.1. Investors should note that this information is "furnished" and not "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it carries different liability implications. The report also includes a standard cautionary note regarding forward-looking statements. Seagate highlighted that these statements are based on current management views and are subject to various known and unknown risks and uncertainties that could cause actual results to differ materially. These risks include global economic conditions, demand and pricing in the disk drive market, manufacturing capabilities, competitive pressures, and industry supply levels. Investors are directed to Seagate's Form 10-K filed on August 8, 2012, for a more comprehensive discussion of these risks.

Key Highlights

  • 1Announcement of preliminary financial results for the fiscal second quarter ended December 28, 2012.
  • 2The preliminary results were furnished via a press release (Exhibit 99.1), not filed under Section 18 of the Securities Exchange Act.
  • 3The company provided forward-looking statements concerning future performance and industry growth.
  • 4Forward-looking statements are subject to significant risks and uncertainties, including global economic conditions and disk drive market dynamics.
  • 5Risks highlighted include variable demand, adverse pricing, manufacturing costs, product quality, competitive announcements, and industry supply.
  • 6Investors are referred to the Form 10-K filed on August 8, 2012, for a detailed risk factor analysis.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce select preliminary financial information for Seagate Technology's fiscal second quarter ended December 28, 2012, as detailed in an accompanying press release furnished with the filing.

Information "furnished" under Item 2.02 of an 8-K is generally not subject to the same liability provisions as information that is "filed" under Section 18 of the Securities Exchange Act of 1934. This means the company has less legal exposure related to the accuracy of "furnished" information compared to "filed" information.

Seagate identifies several key risks and uncertainties that could impact future results, including uncertain global economic conditions, fluctuating demand and pricing in the disk drive market, challenges in manufacturing and selling products cost-effectively and with acceptable quality, competitive product introductions, and potential excess industry supply of certain disk drive products.

Investors can find a more comprehensive discussion of the risks, uncertainties, and other factors that could cause actual results to differ materially from forward-looking statements in Seagate's Annual Report on Form 10-K filed with the SEC on August 8, 2012.