Business Context and Reporting Period
Company: ILLUMINA, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: August 7, 2026
Reporting Period: The filing reports on a settlement agreement effective August 21, 2025, regarding litigation related to the acquisition of GRAIL, Inc.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on legal proceedings.
Material Changes
Settlement of Litigation: The Company entered into a Release Agreement to settle the action Icahn Partners LP, et al., v. Francis DeSouza, et al. (C.A. No. 2023-1045-PAF).
Terms: The settlement involves mutual releases with no payment by any party.
Status: The action is to be dismissed with prejudice as to the Plaintiffs only, subject to Court approval.
Guidance, Outlook, and Risks
Management Commentary: The Defendants and the Company agreed to the settlement solely to avoid the burden, expense, and uncertainty of further litigation. The Defendants expressly deny any fault, wrongdoing, or liability.
Next Steps: A hearing on the proposed dismissal is scheduled for November 2, 2026, at 1:30 p.m. Eastern time.
Risks: The dismissal is without prejudice to any other Illumina stockholders, meaning other stockholders may potentially pursue similar claims.
Investor Verification Checklist
- Verify the outcome of the Court hearing scheduled for November 2, 2026, regarding the proposed dismissal.
- Confirm that no financial liability or payment obligation was incurred by the Company as part of the settlement.
- Monitor for any new litigation filed by other stockholders, as the current dismissal does not preclude them.
- Review the Notice of Pendency (Exhibit 99.1) for specific details on the scope of the mutual releases.