Business Context and Reporting Period
Company: Accuray Incorporated
Filing Type: Form 8-K (Current Report)
Date of Report: June 26, 2009 (Event Date: June 23, 2009)
Context: The Board of Directors announced a change to the Company's fiscal year end.
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
- Fiscal Year End Change: The fiscal year end is changing from the Saturday closest to June 30 to a fixed date of June 30, effective with fiscal 2010.
- Transition Period: Fiscal 2010 begins on June 28, 2009, and will end on June 30, 2010.
- Reporting Impact: No transition report is required because the new fiscal year end is less than one week from the previous end date.
- Future Quarters: Beginning in the first quarter of fiscal 2010, fiscal quarters will align with calendar quarter ends (September 30, December 31, and March 31).
Guidance, Outlook, and Risks
Management Commentary: The Company intends to file a Form 10-K for fiscal 2009 (ending June 27, 2009) and a Form 10-Q for the first quarter of fiscal 2010 (ending September 30, 2009).
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Verify the exact dates for the upcoming Form 10-K (fiscal 2009) and Form 10-Q (Q1 fiscal 2010) filings.
- Confirm that future quarterly reports will align with standard calendar quarter ends starting September 30, 2009.
- Note that no transition period financial report will be issued due to the short duration of the change.