UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (date of earliest event reported): October 12, 2011
SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
(Exact Name of Registrant as Specified in its Charter)
Ireland |
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001-31560 |
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98-0648577 |
(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer |
38/39 Fitzwilliam Square |
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NA |
(Address of Principal Executive Office) |
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(Zip Code) |
Registrants telephone number, including area code: (353) (1) 234-3136
NA
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On October 12, 2011, Seagate Technology plc issued a press release regarding the impact of the severe flooding in Thailand on its operations. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 |
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Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibit is attached to this Current Report on Form 8-K:
Exhibit No. |
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Description |
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99.1 |
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Press Release issued by Seagate Technology plc on October 12, 2011 regarding the impact of the severe flooding in Thailand on its operations. |
SIGNATURE
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, hereunto duly authorized.
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SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY | |
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By: |
/s/ Patrick J. OMalley |
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Name: |
Patrick J. OMalley |
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Title: |
Executive Vice President and Chief Financial Officer |
Date: October 12, 2011
Exhibit 99.1
Media Relations Contact:
Brian Ziel (408.658.1540)
brian.ziel@seagate.com
Investor Relations Contact:
Rod Cooper (408.658.1099)
rod.j.cooper@seagate.com
SEAGATE PROVIDES UPDATE ON THAILAND OPERATIONS
CUPERTINO, CA October 12, 2011 Seagate Technology plc (NASDAQ: STX) today provided an update to its operations in Thailand in light of the severe flooding in the region.
Currently, all Seagate factories in Thailand are operational and there are no logistical issues with employees reaching its factories. However, the hard disk drive component supply chain is being disrupted and it is expected that certain components in the supply chain will be constrained. Given the volatility of the situation it is unclear what the magnitude of the supply chain disruption will be to Seagates hard disk drive output from its Thailand operations.
Seagate is actively managing its supply chain and factory output to align production capabilities and optimize its build schedule to meet customer requirements. As a result of the disruption caused by the floods, Seagate anticipates hard drive supply will be constrained throughout the current quarter.
This devastating natural disaster has tragically taken hundreds of lives and displaced many families. At this time, Seagate reports that all of its employees in the region are safe.
The situation is dynamic, and circumstances can change quickly and frequently. Seagate will provide further updates on its quarterly conference call on Thursday, October 20, 2011.
Seagates Thailand facilities:
Teparuk - Seagate Teparuk was established in 1988 to produce head stack and head gimbal assemblies.
Address: 1627 Moo 7, Teparuk Rd, Tambol Teparuk, Amphur Muang, Samutprakarn 10270
Korat - Seagate Korat was established in 1996 to manufacture components - slider, head assembly and head gimbal assembly - as well as hard drives.
Address: 90 Moo 15 Tambol.Sungnoen, Amphur Sungnoen, Nakhon-Ratchasima 30170
About Seagate
Seagate is the world leader in hard disk drives and storage solutions. Learn more at seagate.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used, the words anticipates, believes, expects, may, should and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based on information available to the Company as of the date of this press release. Current expectations, forecasts and assumptions involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the Companys control. In particular, current conditions in Thailand referenced in this press release may change or be different than the Companys current understanding and any such change or difference may pose risks to the Companys operating and financial performance. Such risks and uncertainties may also include an adverse impact on the Companys ability to successfully qualify, manufacture and sell its disk drive products if supply chain disruptions were to occur as a result of the matters discussed above. Information concerning risks, uncertainties and other factors that could cause results to differ materially from those projected in the forward-looking statements is contained in the Companys filings with the U.S. Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the Companys views as of any subsequent date and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.