Pure Storage Files 8-K on Financial Condition and Operations

TL;DR

**Pure Storage just dropped an 8-K, giving us a peek into their latest financial results and operations.**

AI Summary

Pure Storage, Inc. filed an 8-K on February 28, 2024, reporting on its results of operations and financial condition, as well as other events and financial statements. The filing indicates the company's business address is 2555 Augustine Dr., Santa Clara, California 95054, and its telephone number is 800-379-7873. This current report was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

This filing provides an update on Pure Storage's financial health and operational status, offering transparency to investors and the market regarding its recent performance.

Risk Assessment

Risk Level: low — This is a routine filing for reporting financial results and does not inherently indicate new risks.

Key Players & Entities

• Pure Storage, Inc. (company) — Registrant
• February 28, 2024 (date) — Date of Report
• 2555 Augustine Dr., Santa Clara, California 95054 (address) — Principal Executive Offices
• 800-379-7873 (phone_number) — Registrant’s Telephone Number
• 001-37570 (other) — Commission File Number

FAQ

Key Financial Figures

• $0.0001 — which registered Class A Common Stock, $0.0001 par value per share PSTG New York Stock
• $250 million — hare repurchases of up to an additional $250 million under its stock repurchase program. The

Filing Documents

• pstg-20240228.htm (8-K) — 33KB
• pstg-ex991q4fy2024.htm (EX-99.1) — 453KB
• 0001628280-24-007577.txt ( ) — 646KB
• pstg-20240228.xsd (EX-101.SCH) — 2KB
• pstg-20240228_lab.xml (EX-101.LAB) — 24KB
• pstg-20240228_pre.xml (EX-101.PRE) — 13KB
• pstg-20240228_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 28, 2024, Pure Storage, Inc. ("Pure") issued a press release and will hold a conference call regarding its financial results for the quarter ended February 4, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K. This information, including the exhibit(s) hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Pure is making reference to non-GAAP financial information in 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. These non-GAAP financial measures are reported in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

01 Other Events

Item 8.01 Other Events. Pure's Audit & Risk Committee has approved incremental share repurchases of up to an additional $250 million under its stock repurchase program. The authorization allows Pure to repurchase shares of its Class A common stock opportunistically and will be funded from available working capital. Repurchases may be made at management's discretion from time to time on the open market through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The repurchase program does not have an expiration date, does not obligate Pure to acquire any of its stock, and may be suspended or discontinued by the company at any time without prior notice. Cautions Concerning Forward-Looking Statements This report contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, related to the share repurchase and the factors that will impact the amount and timing of purchases, if any, thereunder. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the company. Risks and uncertainties include, but are not limited to, those described under the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Pure's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 15, 2023, and Pure's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, investors.purestorage.com or on request from the company. Pure does not undertake to update any forward-looking statements as a r

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibit is furnished herewith: Exhibit No. Description 99.1 Press Release entitled "Pure Storage Announces Fiscal Fourth Quarter and Full Year 202 4 Financial Results" 104 Cover Page Interactive Data File (embedded within the InLine XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Pure Storage, Inc. (Registrant) By: /s/ Kevan Krysler Kevan Krysler Chief Financial Officer February 28, 2024

View Full Filing

View this 8-K filing on SEC EDGAR