Item 2.02 Results of Operations and Financial Condition.
On
The information in this Item 2.02 and the exhibit hereto are "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section.
Item 2.05 Costs Associated with Exit or Disposal Activities.
On
The Plan, which the Company expects to be substantially completed by the end of
the fiscal fourth quarter 2023, is expected to result in total pre-tax charges
of approximately
The Company expects to realize run-rate savings of approximately
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
On
Item 7.01 Regulation FD Disclosure.
On
Seagate has issued a Supplemental Financial Information document. The Supplemental Financial Information is available on Seagate's Investor Relations website at investors.seagate.com.
Seagate management will hold a public webcast on
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 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 historical fact. Forward-looking statements include, among other things, statements about the Company's plans, programs, strategies and prospects; financial outlook for future periods,
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including the fiscal fourth quarter 2023 and fiscal first quarter 2024;
expectations regarding logistical, macroeconomic, or other factors affecting the
Company; expectations regarding our ability to execute on our cost saving plans
as currently contemplated; and statements about the assumptions on which the
projected cost saving initiatives are based. Forward-looking statements
generally can be identified by words such as "expects," "intends," "plans,"
"anticipates," "believes," "estimates," "predicts," "projects," "should," "may,"
"will," "will continue," "can," "could" or the negative of these words,
variations of these words and comparable terminology, in each case, intended to
refer to future events or circumstances. However, the absence of these words or
similar expressions does not mean that a statement is not forward-looking.
Forward-looking statements are subject to various uncertainties and risks that
could cause our actual results to differ materially from historical experience
and our present expectations or projections. These risks and uncertainties
include, but are not limited to, those described under the captions "Risk
Factors" and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's latest periodic report on Form 10-Q
filed with the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is attached to this Current Report on Form 8-K: Exhibit No. Description Press release, datedApril 20, 2023 , ofSeagate Technology Holdings plc entitled "Seagate Technology Reports Fiscal Third Quarter 2023 Financial 99.1 Results." 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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