8-KEarnings & ResultsRegulation FDExhibits & Filings

Seagate Technology Holdings plc 8-K Report, Financial Results (Jan 29, 2016)

Filed January 29, 2016For Securities:STX

Summary

Seagate Technology plc (STX) filed an 8-K on January 29, 2016, primarily to announce its financial results for the fiscal second quarter and six months ended January 1, 2016. The filing also served as a notification of the Board of Directors' approval of a quarterly cash dividend. Key takeaways for investors include the declaration of a $0.63 per share dividend, payable on February 23, 2016, to shareholders of record on February 9, 2016. While the specific financial results for the quarter are not detailed within this 8-K itself but rather referenced in an attached press release (Exhibit 99.1), the filing indicates that Seagate is continuing its policy of returning capital to shareholders through dividends. Investors should consult the referenced press release and supplemental financial information for the detailed performance metrics.

Key Highlights

  • 1Seagate Technology plc announced its financial results for the fiscal second quarter and six months ended January 1, 2016, via a press release furnished as part of this 8-K filing.
  • 2The Board of Directors approved a quarterly cash dividend of $0.63 per share.
  • 3The dividend is payable on February 23, 2016, to shareholders of record as of the close of business on February 9, 2016.
  • 4The filing includes a cautionary note regarding forward-looking statements, highlighting potential risks and uncertainties that could affect future results.
  • 5Seagate management planned to hold a public webcast to discuss results and provide an outlook for the third fiscal quarter of 2016.
  • 6Supplemental Financial Information was made available on Seagate's Investor website.

Frequently Asked Questions

This 8-K filing primarily announces that Seagate Technology plc has reported its financial results for the fiscal second quarter and six months ended January 1, 2016. The detailed financial figures are contained within the press release (Exhibit 99.1) attached to this filing and available on the company's investor website.

The Board of Directors has approved a quarterly cash dividend of $0.63 per share. This dividend is scheduled to be paid on February 23, 2016, to shareholders who are on record as of February 9, 2016.

More detailed financial results are available in the press release furnished as Exhibit 99.1 to this 8-K. Seagate also made Supplemental Financial Information available on its Investor website (www.seagate.com/investors) and held a webcast to discuss results and provide an outlook for the third fiscal quarter of 2016.

The filing includes a cautionary note regarding forward-looking statements, which outlines various risks and uncertainties. These include global economic conditions, variable demand and pricing in the disk drive market, competitive pressures, currency fluctuations, supply chain disruptions, and technological advancements. Investors are advised to review the Risk Factors section in Seagate's Form 10-K for a comprehensive understanding of these risks.