A10 Networks Files 8-K on Financial Condition, Regulation FD Disclosure
Ticker: ATEN · Form: 8-K · Filed: Feb 6, 2024 · CIK: 1580808
| Field | Detail |
|---|---|
| Company | A10 Networks, Inc. (ATEN) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.00001, $0.06 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, regulation-fd, corporate-disclosure
TL;DR
**A10 Networks just dropped an 8-K about its financials, so expect news soon.**
AI Summary
A10 Networks, Inc. filed an 8-K on February 6, 2024, to report on its 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' and 'Other Events.' This filing indicates that the company is likely providing an update on its financial performance, potentially ahead of a full earnings report, and ensuring that any material non-public information is disclosed to all investors simultaneously. For shareholders, this matters because it provides early insight into the company's financial health and operational performance, which could influence stock price movements.
Why It Matters
This filing signals that A10 Networks is likely releasing important financial updates, which could impact investor sentiment and the company's stock price. It ensures fair and equal access to information for all investors.
Risk Assessment
Risk Level: low — This 8-K is a standard disclosure filing and does not inherently present a high risk, but the content it refers to (financial results) could carry risk.
Analyst Insight
A smart investor would look for the specific details of the 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' that this 8-K refers to, as these will contain the actual financial data and material information that could move the stock. This filing is a notification, not the full disclosure itself.
Key Players & Entities
- A10 Networks, Inc. (company) — the registrant filing the 8-K
- February 6, 2024 (date) — date of report and earliest event reported
- 001-36343 (other) — Commission File Number for A10 Networks, Inc.
FAQ
What specific items did A10 Networks, Inc. report on in this 8-K filing?
A10 Networks, Inc. reported on 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' and 'Other Events' as indicated by the ITEM INFORMATION section of the filing.
What is the purpose of a 'Regulation FD Disclosure' as mentioned in the filing?
Regulation FD (Fair Disclosure) aims to prevent selective disclosure of material non-public information by companies to certain individuals or groups, ensuring that such information is made public simultaneously to all investors. Its inclusion in this 8-K means A10 Networks is likely disclosing information that could be considered material.
When was this 8-K filing submitted to the SEC?
The 8-K filing was filed as of February 6, 2024, and the date of the earliest event reported was also February 6, 2024, according to the filing's header and body.
What is the business address of A10 Networks, Inc. as stated in the filing?
The business address of A10 Networks, Inc. is 2300 Orchard Parkway, San Jose, CA 95131, as listed under the 'BUSINESS ADDRESS' section of the filing.
What is the Central Index Key (CIK) for A10 Networks, Inc.?
The Central Index Key (CIK) for A10 Networks, Inc. is 0001580808, as stated in the 'COMPANY DATA' section of the filing.
Filing Stats: 1,099 words · 4 min read · ~4 pages · Grade level 11.6 · Accepted 2024-02-06 16:19:53
Key Financial Figures
- $0.00001 — ange on which registered Common stock, $0.00001 par value per share ATEN New York Stock
- $0.06 — he quarterly dividend, in the amount of $0.06 per share, will be payable, subject to
Filing Documents
- aten-20240206.htm (8-K) — 32KB
- q4ex-9912062024earningsrel.htm (EX-99.1) — 290KB
- atenq42023earningscallsl.htm (EX-99.2) — 22KB
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- 0001580808-24-000033.txt ( ) — 2429KB
- aten-20240206.xsd (EX-101.SCH) — 2KB
- aten-20240206_lab.xml (EX-101.LAB) — 23KB
- aten-20240206_pre.xml (EX-101.PRE) — 12KB
- aten-20240206_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On February 6, 2024, A10 Networks, Inc. (the "Company") issued a press release regarding financial results for the quarter ended December 31, 2023. A copy of the press release is furnished herewith as Exhibit 99.1.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On February 6, 2024, the Company posted on its website (www.a10networks.com) slides regarding the financial results for the quarter ended December 31, 2023. A copy of the slides is attached as Exhibit 99.2 and the information in Exhibit 99.2 is incorporated herein by reference. The information in Item 2.02, Item 7.01 and Item 9.01 in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. The information in Item 2.02 shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Other Events
Item 8.01 Other Events. On February 6, 2024, the Company announced that its Board of Directors (the "Board") declared a quarterly dividend. The quarterly dividend, in the amount of $0.06 per share, will be payable, subject to any prior revocation, on March 1, 2024 to stockholders of record on February 16, 2024. Future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to adjust or withdraw the quarterly dividend in future periods as it reviews A10's capital allocation strategy from time-to-time.
Forward Looking Statements
Forward Looking Statements Item 8.01 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, including statements regarding the Company's dividend program. These forward-looking statements involve risks and uncertainties. These forward-looking statements may be identified by terms such as "will," "may," "plans," or the negative of these terms, and similar expressions intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the anticipated amount, duration, methods, timing and other aspects of our dividend program and any anticipated benefits or value resulting from any such dividends. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, any unforeseen need for capital which may require us to divert funds we may have otherwise used for the dividend program, which may in turn negatively impact our ability to administer the quarterly dividends. In addition, the timing and amount of future dividends, if any, will be made as management deems appropriate and will depend on a variety of factors including stock price, market conditions, corporate and regulatory requirements (including applicable securities laws and regulations and the rules of The New York Stock Exchange), any additional constraints related to material inside information the Company may possess, and capital availability. More information regarding these and other risks, uncertainties and factors is contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC, and in other reports filed by the Company with the SEC from time to time. You are caution
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.1 Press release dated February 6 , 202 4 . 99.2 Slides of A10 Network, Inc. dated February 6 , 202 4 , regarding financial results of the fourth quarter ended Dec ember 3 1 , 2023. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 6, 2024 A10 NETWORKS, INC. By: /s/ Brian Becker Brian Becker Chief Financial Officer (Principal Accounting and Financial Officer)