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 November 3, 2016. The filing primarily serves to announce the Company's financial results for the quarter ended September 30, 2016, and to declare a cash dividend.
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 press release furnished as Exhibit 99.1, which is referenced but not included in the provided text.
Material Changes and Other Events
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.23 per Common Share.
- Payment Details: The dividend is payable on December 22, 2016, to shareholders of record on December 2, 2016.
- Financial Results: The Company issued a press release regarding Q3 2016 results, though specific performance changes versus prior periods are not detailed in this filing text.
Guidance, Outlook, and Risks
The filing notes that future dividends are subject to the Board's discretion based on financial position, results of operations, available cash resources, and contractual limitations in existing credit agreements. There is no assurance that future dividends will equal or resemble previous amounts, and the Board may reduce, suspend, or discontinue payments. No specific forward-looking guidance or risk factors beyond the dividend disclaimer are provided in this text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q3 2016 revenue, earnings, and cash flow figures.
- Verify the record date (December 2, 2016) and payment date (December 22, 2016) for the $0.23 dividend.
- Assess the Company's credit agreements for any covenants that could impact future dividend payments.
- Compare the Q3 2016 results in the press release against prior year periods to identify material trends.