Short answer
Seagate Technology (STX) filed an 8-K current report with the SEC on June 12, 2026 reporting Item 7.01 (Regulation FD Disclosure), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Seagate issued a press release on June 11, 2026 regarding a redemption event.
Seagate Technology 8-K event analysis
AI summary of each reported item and its exhibits
Item 7.01 · Regulation FD Disclosure
- Seagate issued a press release on June 11, 2026 regarding a redemption event
- Redemption details appear in Exhibit 99.1 and may affect capital structure or shareholder value
- Investors should review Exhibit 99.1 for redemption amount, terms, timing, and funding implications
Item 8.01 · Other Events
- Seagate HDD Cayman calling all 3.50% exchangeable senior notes due 2028 for redemption
- September 8, 2026 redemption at principal plus accrued interest, eliminating the notes’ remaining maturity
- Holders may exchange through September 3, 2026 at 12.1363 Seagate ordinary shares per $1,000 principal
- Seagate will pay exchanged principal in cash and settle excess exchange value primarily with ordinary shares
- $0.74 dividend triggers exchange-rate adjustment on June 25, 2026, potentially affecting holder economics
Item EX-99.1 · Exhibit EX-99.1
- Redemption of all 3.50% exchangeable notes due 2028 scheduled for September 8, 2026
- Approximately $150.7 million of debt expected to be eliminated through exchanges and cash redemption
- Holders may exchange through September 3, 2026 at 12.1363 Seagate shares per $1,000 principal
- Principal paid in cash, with excess exchange value settled through ordinary shares and potential fractional-share cash
- Debt reduction lowers future interest obligations while exchanges may create shareholder dilution
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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