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 July 31, 2013. The filing primarily serves to announce the financial results for the quarter and fiscal year ended June 30, 2013, via a press release furnished as Exhibit 99.1.
Key Financial Metrics
The filing text 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 detailed in the body of this 8-K document.
Material Changes and Corporate Actions
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.30 per share.
- Payment Details: The dividend is payable on September 20, 2013, to shareholders of record on August 30, 2013.
Guidance, Outlook, and Risks
Management commentary regarding future dividends indicates that declarations are subject to the Board's discretion based on financial position, results of operations, available cash resources, and contractual limitations within the Company's existing credit agreement. The filing explicitly states there can be no assurance that future dividends will equal or resemble past amounts, and the Board may reduce, suspend, or discontinue payments.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings, and cash flow figures for the quarter and year ended June 30, 2013.
- Verify the record date (August 30, 2013) and payment date (September 20, 2013) for the $0.30 per share dividend.
- Assess the Company's current credit agreement for any covenants that may restrict future dividend payments.