Summary
Seagate Technology Holdings plc (STX) filed an 8-K on April 22, 2020, to report its fiscal third quarter 2020 financial results and provide updates regarding the COVID-19 pandemic's potential impact. The filing indicates that the company issued a press release on April 22, 2020, detailing its results for the quarter ended April 3, 2020. Additionally, the Board of Directors declared a quarterly cash dividend of $0.65 per share, payable in July 2020. Investors can access detailed financial information and a webcast replay on Seagate's Investor Relations website.
Key Highlights
- 1Seagate reported its fiscal third quarter 2020 financial results on April 22, 2020.
- 2A quarterly cash dividend of $0.65 per share was declared, payable on July 8, 2020.
- 3The company is supplementing its risk factors with disclosures related to the potential negative impacts of the COVID-19 outbreak on its business, operations, and financial condition.
- 4Potential impacts of COVID-19 include disruptions to manufacturing, supply chain, demand, and operational expenses.
- 5Seagate management held a public webcast on April 22, 2020, to discuss results and provide an outlook for the fiscal fourth quarter 2020.
- 6Supplemental financial information is available on the company's Investor Relations website.
- 7The company acknowledges the uncertainty surrounding the ultimate extent of COVID-19's impact.
Frequently Asked Questions
This 8-K filing primarily serves to announce Seagate Technology's financial results for the fiscal third quarter of 2020, declare a quarterly dividend, and disclose potential risks and impacts related to the COVID-19 pandemic on the company's business and operations.
The Board of Directors declared a quarterly cash dividend of $0.65 per share on April 21, 2020. This dividend is payable on July 8, 2020, to shareholders of record as of the close of business on June 24, 2020.
Seagate acknowledges that the COVID-19 outbreak may negatively impact its business, operating results, and financial condition. Potential impacts include disruptions to manufacturing and supply chains, temporary or permanent facility closures, employee shortages, increased operational costs, reduced demand for products, adverse effects on economies, and challenges in obtaining financing.
Investors can find detailed financial results in the press release furnished as Exhibit 99.1 to this 8-K, and can access supplemental financial information, replay of the webcast, and company outlook on Seagate's Investor Relations website at investors.seagate.com.