8-KEarnings & ResultsRegulation FDExhibits & Filings

Seagate Technology Holdings plc 8-K Report, Financial Results (Jul 17, 2014)

Filed July 17, 2014For Securities:STX

Summary

Seagate Technology plc (STX) filed an 8-K on July 17, 2014, primarily to disclose its financial results for the fiscal fourth quarter and full year ended June 27, 2014. The report includes a press release detailing these results. Additionally, the company announced its Board of Directors approved a quarterly cash dividend of $0.43 per share, payable on August 22, 2014, to shareholders of record on August 8, 2014. Investors should note that this filing is primarily for informational purposes, as the details of the financial results and dividend announcement are considered "furnished" rather than "filed," meaning they do not carry the same liability under Section 18 of the Securities Exchange Act of 1934. The company also highlighted its routine use of the investor relations section of its website for announcing material information.

Key Highlights

  • 1Seagate Technology plc reported its financial results for the fiscal fourth quarter and full year ended June 27, 2014, via press release.
  • 2A quarterly cash dividend of $0.43 per share was declared by the Board of Directors.
  • 3The dividend payment date is August 22, 2014, with a record date of August 8, 2014.
  • 4The information provided in this 8-K (financial results and dividend) is furnished, not filed, and is not subject to Section 18 liability.
  • 5Seagate highlighted the use of its corporate website's investor section for routine disclosure of material information.
  • 6The report includes a cautionary note regarding forward-looking statements, listing potential risks and uncertainties related to economic conditions, market demand, competition, and operational execution.

Frequently Asked Questions

The 8-K filing on July 17, 2014, references a press release (Exhibit 99.1) that contains Seagate's financial results for the fiscal fourth quarter and full year ended June 27, 2014. Specific financial figures are detailed in that press release, which is furnished as part of this report.

Seagate's Board of Directors approved a quarterly cash dividend of $0.43 per share. This dividend is payable on August 22, 2014, to shareholders who are on record as of the close of business on August 8, 2014.

Under General Instruction B.2 of Form 8-K, information reported under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure) is considered 'furnished.' This means it is being provided to the SEC but is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, which pertains to liability for misleading statements in filed reports.

Seagate indicated that a slide presentation with supplemental commentary on their fiscal fourth quarter results would be available on the Investors section of their corporate website (www.seagate.com) after 4:30 p.m. New York City time on July 17, 2014. The company also encourages investors to review other information posted on their website.