8-KEarnings & ResultsRegulation FDExhibits & Filings

Seagate Technology Holdings plc 8-K Report, Financial Results (Apr 29, 2014)

Filed April 29, 2014For Securities:STX

Summary

This 8-K filing from Seagate Technology plc, dated April 29, 2014, primarily serves to announce the company's financial results for the fiscal quarter ended March 28, 2014. While specific financial figures are not detailed within this 8-K document itself, it directs investors to a press release (Exhibit 99.1) containing these results and supplemental commentary available on the company's investor website. The filing also highlights a significant decision by the Board of Directors to approve a quarterly cash dividend of $0.43 per share, payable on May 28, 2014, to shareholders of record on May 14, 2014. This dividend payment underscores Seagate's commitment to returning capital to its shareholders. For investors, the key takeaway is that Seagate is reporting its latest financial performance and reaffirming its dividend policy. The cautionary note regarding forward-looking statements is also crucial, reminding investors that future results are subject to various risks, including global economic uncertainties, competitive pressures, and the company's ability to manage production costs and supply. Investors are encouraged to review the furnished press release and supplemental materials for detailed financial performance and to consider the associated risks outlined in Seagate's SEC filings.

Key Highlights

  • 1Seagate Technology plc announced its financial results for the fiscal quarter ended March 28, 2014, via a press release.
  • 2The company's Board of Directors approved a quarterly cash dividend of $0.43 per share.
  • 3The dividend is scheduled to be paid on May 28, 2014, to shareholders of record as of May 14, 2014.
  • 4Supplemental commentary and detailed financial results are available through a press release (Exhibit 99.1) and on the company's investor website.
  • 5The filing includes a cautionary note regarding forward-looking statements and associated risks, such as global economic conditions and competitive market dynamics.
  • 6Information on the company's financial performance and risks is incorporated by reference to prior SEC filings, including the Form 10-K.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Seagate Technology plc's financial results for the fiscal quarter ended March 28, 2014, and to disclose the approval of a quarterly cash dividend by its Board of Directors.

The detailed financial results are provided in a press release dated April 29, 2014, which is attached as Exhibit 99.1 to this 8-K filing. Supplemental commentary may also be found on the 'Investors' section of Seagate's corporate website.

The Board of Directors approved a quarterly cash dividend of $0.43 per share. This dividend is payable on May 28, 2014, to shareholders who are on record as of the close of business on May 14, 2014.

The filing warns of potential risks including uncertain global economic conditions, variable demand and adverse pricing in the disk drive market, the company's ability to cost-effectively manufacture and sell new products, competitive product announcements, potential industry oversupply, and the success of restructuring plans in achieving cost savings.