NetApp, Inc. Files 8-K with Financial Results
Ticker: NTAP · Form: 8-K · Filed: May 30, 2024 · CIK: 1002047
| Field | Detail |
|---|---|
| Company | Netapp, INC. (NTAP) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1 billion, $0.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, sec-filing, operations
Related Tickers: NTAP
TL;DR
NetApp dropped an 8-K on 5/30 - check their financials and other events.
AI Summary
On May 30, 2024, NetApp, Inc. filed an 8-K report detailing its financial results and other events. The filing includes information on the company's operations and financial condition, as well as other significant events and financial statements. NetApp, Inc. is incorporated in Delaware and headquartered in San Jose, California.
Why It Matters
This 8-K filing provides investors with crucial updates on NetApp's financial performance and operational status, enabling informed investment decisions.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of financial results and company events, not indicating any immediate or significant new risks.
Key Numbers
- 0-27130 — Commission File Number (SEC File Number for NetApp, Inc.)
Key Players & Entities
- NetApp, Inc. (company) — Registrant
- May 30, 2024 (date) — Date of earliest event reported
- 3060 Olsen Drive, San Jose, California 95128 (address) — Principal Executive Offices
- Delaware (jurisdiction) — State of Incorporation
- 77-0307520 (tax_id) — IRS Employer Identification No.
FAQ
What is the primary purpose of this Form 8-K filing?
The primary purpose is to report on the Results of Operations and Financial Condition, Other Events, and Financial Statements and Exhibits of NetApp, Inc.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on May 30, 2024.
What is NetApp, Inc.'s principal executive office address?
NetApp, Inc.'s principal executive office is located at 3060 Olsen Drive, San Jose, California 95128.
In which state is NetApp, Inc. incorporated?
NetApp, Inc. is incorporated in Delaware.
What is NetApp, Inc.'s IRS Employer Identification Number?
NetApp, Inc.'s IRS Employer Identification Number is 77-0307520.
Filing Stats: 737 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-05-30 16:06:02
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value NTAP The Nasdaq Stock Mar
- $1 billion — d the repurchase of up to an additional $1 billion of the Company's common stock, with no
- $0.5 billion — orized amount for stock repurchases was $0.5 billion. Stock repurchases may be effected thro
Filing Documents
- ntap-20240530.htm (8-K) — 42KB
- ntap-ex99_1.htm (EX-99.1) — 1986KB
- 0000950170-24-066567.txt ( ) — 2201KB
- ntap-20240530.xsd (EX-101.SCH) — 23KB
- ntap-20240530_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 30, 2024, the Company issued a press release reporting financial results for the fourth quarter and year ended April 26, 2024. The press release is furnished herewith as Exhibit 99.1, to this Current Report. NetApp is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release. The information contained herein and in the accompanying exhibits shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing. The information in this report, including the exhibits hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
01 Other Events
Item 8.01 Other Events. On May 23, 2024, the Board authorized the repurchase of up to an additional $1 billion of the Company's common stock, with no expiration date. As of April 26, 2024, the remaining authorized amount for stock repurchases was $0.5 billion. Stock repurchases may be effected through open market repurchases in compliance with Rule 10b-18 under the Exchange Act, including through the use of trading plans intended to quality under Rule 10b5-1 under the Exchange Act, solicited or unsolicited transactions in the open market, privately-negotiated transactions, accelerated stock repurchase plans, block purchases or other similar purchase techniques and in such amounts as the Company's management deems appropriate. The Company is not obligated to repurchase any specific number of shares, and the timing, manner and actual number of any shares repurchased will depend on a variety of factors, such as the Company's stock price, general economic, business and market conditions and alternative investment opportunities. The Company may suspend or discontinue purchases without notice at any time.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release, dated May 30, 2024, reporting earnings for the fourth quarter and year ended April 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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 thereunto duly authorized. NETAPP, INC. (Registrant) Date: May 30, 2024 By: /s/ Elizabeth O'Callahan Elizabeth O'Callahan Executive Vice President, Chief Legal Officer and Secretary