Seagate 2015 Annual Report Download - page 39
Download and view the complete annual report
Please find page 39 of the 2015 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TableofContents
Anydecisiontoreduceordiscontinuethepaymentofcashdividendstoourshareholdersortherepurchaseofourordinarysharespursuanttoourpreviously
announcedsharerepurchaseprogramcouldcausethemarketpriceofourordinarysharestodeclinesignificantly.
Althoughwehaveannouncedtargetedregularcashdividendamountsandasharerepurchaseprogram,weareundernoobligationtopaycashdividendstoour
shareholdersinthefutureattheannouncedtargetedlevelsoratallortorepurchaseourordinarysharesatanyparticularpriceoratall.Thedeclarationandpayment
ofanyfuturedividendsisatthediscretionofourBoardofDirectorsandourpreviouslyannouncedsharerepurchaseprogrammaybesuspendedordiscontinuedat
anytime.Ourpaymentofquarterlycashdividendsandtherepurchaseofourordinarysharespursuanttooursharerepurchaseprogramaresubjectto,amongother
things,ourfinancialpositionandresultsofoperations,availablecashandcashflow,capitalandregulatoryrequirements,marketandeconomicconditions,our
ordinaryshareprice,andotherfactors.Anyreductionordiscontinuancebyusofthepaymentofquarterlycashdividendsortherepurchaseofourordinaryshares
pursuanttooursharerepurchaseprogramcouldcausethemarketpriceofourordinarysharestodeclinesignificantly.Moreover,intheeventourpaymentof
quarterlycashdividendsorrepurchasesofourordinarysharesarereducedordiscontinued,ourfailuretoresumesuchactivitiesathistoricallevelscouldresultina
persistentlowermarketvaluationofourordinaryshares.
Significantfluctuationsinthemarketpriceofourordinarysharescouldresultinsecuritiesclassactionclaimsagainstus.
Significantpriceandvaluefluctuationshaveoccurredwithrespecttothepubliclytradedsecuritiesoftechnologycompanies.Thepriceofourordinaryshares
islikelytobevolatileinthefuture.Inthepast,followingperiodsofdeclineinthemarketpriceofacompany'ssecurities,classactionlawsuitshaveoftenbeen
pursuedagainstthatcompany.Ifsimilarlitigationwerepursuedagainstus,itcouldresultinsubstantialcostsandadiversionofmanagement'sattentionand
resources,whichcouldmateriallyadverselyaffectourresultsofoperations,financialconditionandliquidity.
ITEM1B.UNRESOLVEDSTAFFCOMMENTS
None.
36