Seagate Technology Holdings plc Files 8-K
Ticker: STX · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1137789
Sentiment: neutral
Topics: 8-K, disclosure
TL;DR
Seagate filed an 8-K, likely with important news.
AI Summary
Seagate Technology Holdings plc filed an 8-K on December 3, 2024, reporting an event that occurred on December 2, 2024. The filing is categorized under Regulation FD Disclosure, indicating it pertains to material information disclosed to the public. Specific details of the event are not provided in the excerpt, but the filing type suggests a significant announcement or update from the company.
Why It Matters
This filing indicates Seagate Technology Holdings plc has made a public disclosure, which could contain material information impacting investors and the market's perception of the company.
Risk Assessment
Risk Level: medium — An 8-K filing signifies a material event, but without knowing the specific content, the risk level is moderate.
Key Players & Entities
- Seagate Technology Holdings plc (company) — Registrant
- 0001137789-24-000194 (filing_id) — Accession Number
- 20241203 (date) — Filing Date
- 20241202 (date) — Date of Earliest Event Reported
- Regulation FD Disclosure (disclosure_type) — Item Information
- 3572 (sic_code) — Standard Industrial Classification
- Ireland (jurisdiction) — Jurisdiction of Incorporation
- 001-31560 (commission_file_number) — SEC File Number
- 98-1597419 (irs_number) — IRS Employer Identification Number
- 121 Woodlands Avenue 5 (address) — Principal Executive Office Street
FAQ
What specific event triggered this 8-K filing for Seagate Technology Holdings plc?
The filing excerpt does not specify the exact event, only that it was reported on December 3, 2024, and occurred on December 2, 2024, under Regulation FD Disclosure.
What is the primary business of Seagate Technology Holdings plc?
Seagate Technology Holdings plc is classified under Standard Industrial Classification code 3572, which corresponds to COMPUTER STORAGE DEVICES.
When was Seagate Technology Holdings plc incorporated or organized?
The company is organized in Ireland, as indicated by the filing.
What is the SEC file number for Seagate Technology Holdings plc?
The SEC file number for Seagate Technology Holdings plc is 001-31560.
What is the principal executive office address for Seagate Technology Holdings plc?
The principal executive office is located at 121 Woodlands Avenue 5, Singapore, 739009.
Filing Stats: 960 words · 4 min read · ~3 pages · Grade level 14 · Accepted 2024-12-02 20:52:18
Key Financial Figures
- $0.00001 — Registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Select
- $200 million — h an associated revenue impact of up to $200 million for the fiscal third quarter. Revenue
Filing Documents
- stx-20241203.htm (8-K) — 32KB
- 0001137789-24-000194.txt ( ) — 153KB
- stx-20241203.xsd (EX-101.SCH) — 2KB
- stx-20241203_lab.xml (EX-101.LAB) — 21KB
- stx-20241203_pre.xml (EX-101.PRE) — 12KB
- stx-20241203_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure Dave Mosley, chief executive officer of Seagate Technology Holdings public limited company ("Seagate" or the "Company"), will participate in a fireside chat at the UBS Global Technology and AI Conference starting today, December 3, 2024, at 12:35 PM PT. To access both live and replay audio webcasts, visit Seagate's Investor Relations website at investors.seagate.com. During this event, Mr. Mosley will provide a business update, including the following: Seagate has successfully completed qualification testing for its HAMR based Mozaic drives with several customers within the Mass Capacity markets, including a leading cloud service provider. The Company expects to begin shipping initial HAMR product volume to this cloud customer in the coming weeks. Amid a strengthening HDD demand environment, Seagate has been focused on bringing existing production equipment back online to support customer demand and this process has taken longer than anticipated. As a result, production output for Seagate's fiscal third quarter ending March 28, 2025 will be lower than previously expected with an associated revenue impact of up to $200 million for the fiscal third quarter. Revenue and profitability for the fiscal second quarter ending December 27, 2024, are currently trending in accordance with management's expectations and are not impacted by this change in production output. The information in this Item 7.01 is "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section. Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K ("Report") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any histori