Open Text Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Open Text Corporation on May 6, 2021. The filing primarily serves to announce the Company's financial results for the quarter ended March 31, 2021, and to declare a cash dividend. The full financial results are detailed in the press release furnished as Exhibit 99.1.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced press release (Exhibit 99.1) and are not explicitly stated in the body of this 8-K document.
Material Changes and Other Events
Cash Dividend Declaration: The Board of Directors declared a cash dividend of $0.2008 per Common Share.
- Record Date: June 4, 2021
- Payment Date: June 25, 2021
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance or management commentary regarding future performance beyond the general statement of intent to maintain the dividend program. The Company notes that future dividends are subject to relevant contractual limitations in existing credit agreements and there can be no assurance that future dividends will equal or resemble previous amounts.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2021 revenue, earnings, and cash flow figures.
- Verify the dividend payment date of June 25, 2021, and the record date of June 4, 2021.
- Confirm the dividend amount of $0.2008 per share against shareholder records.
- Assess the Company's credit agreement limitations mentioned as a risk factor for future dividend continuity.