APPLE INC FORM 8-K. (Current report filing) Filed 04/27/15 for the Period Ending 04/27/15

Transcription

1 APPLE INC FORM 8-K (Current report filing) Filed 04/27/15 for the Period Ending 04/27/15 Address ONE INFINITE LOOP CUPERTINO, CA Telephone (408) CIK Symbol AAPL SIC Code Electronic Computers Industry Computer Hardware Sector Technology Fiscal Year 09/27 Copyright 2015, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.

2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 April 27, 2015 Date of Report (Date of earliest event reported) Apple Inc. (Exact name of Registrant as specified in its charter) California (State or other jurisdiction (Commission (IRS. Employer of incorporation) File Number) Identification No.) 1 Infinite Loop Cupertino, California (Address of principal executive offices) (Zip Code) (408) (Registrant s telephone number, including area code) Not applicable (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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR e-4(c))

3 Item 7.01 Regulation FD Disclosure. On April 27, 2015, Apple Inc. issued a press release, a copy of which is attached hereto as Exhibit The information contained in this Current Report 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. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 99.1 Press release issued by Apple Inc. on April 27, 2015.

4 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. Date: April 27, 2015 Apple Inc. By: /s/ Luca Maestri Luca Maestri Senior Vice President, Chief Financial Officer

5 Exhibit Index Exhibit Number Exhibit Description 99.1 Press release issued by Apple Inc. on April 27, 2015.

6 Apple Expands Capital Return Program to $200 Billion Exhibit 99.1 CUPERTINO, California April 27, 2015 Apple today announced that its Board of Directors has authorized an increase of more than 50 percent to the Company s program to return capital to shareholders. Under the expanded program, Apple plans to utilize a cumulative total of $200 billion of cash by the end of March As part of the revised program, the Board has increased its share repurchase authorization to $140 billion from the $90 billion level announced last year. In addition, the Company expects to continue to net-share-settle vesting restricted stock units. The Board has also approved an increase of 11 percent to the Company s quarterly dividend, and has declared a dividend of $.52 per share, payable on May 14, 2015 to shareholders of record as of the close of business on May 11, From the inception of its capital return program in August 2012 through March 2015, Apple has returned over $112 billion to shareholders, including $80 billion in share repurchases. To assist in funding the program, the Company plans to continue to access the domestic and international debt markets. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis. We believe Apple has a bright future ahead, and the unprecedented size of our capital return program reflects that strong confidence, said Tim Cook, Apple s CEO. While most of our program will focus on buying back shares, we know that the dividend is very important to many of our investors, so we re raising it for the third time in less than three years.

7 This press release contains forward-looking statements including without limitation those regarding future business outlook and plans for dividends, share repurchases, and public debt issuance. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company s reaction to those factors, on consumer and business buying decisions with respect to the Company s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company s gross margin; the inventory risk associated with the Company s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company s business currently obtained by the Company from sole or limited sources; the effect that the Company s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company s international operations; the Company s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company s dependency on the performance of distributors, carriers and other resellers of the Company s products; the effect that product and service quality problems could have on the Company s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of legal proceedings. More information on potential factors that could affect the Company s financial results is included from time to time in the Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company s public reports filed with the SEC, including the Company s Form 10-K for the fiscal year ended September 27, 2014, its Form 10-Q for the fiscal quarter ended December 27, 2014, and its Form 10-Q for the fiscal quarter ended March 28, 2015 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Apple designs Macs, the best personal computers in the world, along with OS X, ilife, iwork and professional software. Apple leads the digital music revolution with its ipods and itunes online store. Apple has reinvented the mobile phone with its revolutionary iphone and App Store, and is defining the future of mobile media and computing devices with ipad. Press Contact: Josh Rosenstock Apple jrosenstock@apple.com (408) Investor Relations Contacts: Nancy Paxton Apple paxton1@apple.com (408) Joan Hoover Apple hoover1@apple.com (408) NOTE TO EDITORS: For additional information visit Apple s PR website ( or call Apple s Media Helpline at (408) Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.