Summary
Seagate Technology plc (STX) filed an 8-K on October 28, 2013, to report its financial results for the fiscal quarter ended September 27, 2013. The filing also announced key corporate actions, including the approval of a quarterly cash dividend and the completion of a significant share repurchase. Investors should note that the information provided in this 8-K is furnished and not deemed filed, meaning it is for informational purposes and does not carry the same liability as filed information. Key financial updates are expected to be detailed in a press release and a supplemental slide presentation, both of which are referenced in the filing and accessible via Seagate's investor relations website. The dividend declaration indicates a commitment to returning capital to shareholders, while the completion of the share buyback from Samsung Electronics suggests a strategic move to adjust outstanding share counts and potentially enhance shareholder value. Investors should consult the referenced press release and presentation for specific financial performance figures and further details on these corporate actions.
Key Highlights
- 1Seagate Technology plc reported its financial results for the fiscal quarter ended September 27, 2013, via an 8-K filing on October 28, 2013.
- 2The company's Board of Directors approved a quarterly cash dividend of $0.43 per share.
- 3The dividend is payable on November 26, 2013, to shareholders of record on November 12, 2013.
- 4Seagate announced the completion of a previously disclosed repurchase of 32.7 million shares from Samsung Electronics Co., Ltd.
- 5A press release containing detailed financial results for the fiscal quarter ended September 27, 2013, was furnished with the 8-K.
- 6Supplemental commentary and financial results will be available via a slide presentation on the company's investor relations website.