Business Context and Reporting Period
Company: Open Text Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: October 30, 2013
Reporting Period: Quarter ended September 30, 2013
Context: The filing announces the issuance of a press release regarding financial results for the quarter ended September 30, 2013, and declares a quarterly dividend.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced press release (Exhibit 99.1) but are not detailed in the body of this Form 8-K.
- Dividend Declaration: $0.30 per share.
- Record Date: November 29, 2013.
- Payment Date: December 20, 2013.
Material Changes
The filing does not explicitly detail material changes in financial performance versus the prior comparable period. It serves primarily to notify the market of the release of quarterly results and the declaration of a dividend.
Guidance, Outlook, and Risks
Dividend Policy and Risks:
- Future dividends are subject to the Board of Directors' discretion based on financial position, results of operations, available cash resources, and cash requirements.
- Dividend payments are subject to contractual limitations, including those in the Company's existing credit agreement.
- There is no assurance that future dividends will equal or resemble previous amounts; the Board may reduce, suspend, or discontinue payments.
Outlook: The filing text does not provide specific forward-looking guidance or management commentary on future operational performance beyond the dividend policy statement.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, earnings, and cash flow figures for the quarter ended September 30, 2013.
- Verify the Company's current credit agreement terms to understand specific contractual limitations on dividend payments.
- Confirm the record date (November 29, 2013) for eligibility to receive the declared $0.30 per share dividend.
- Monitor future Board decisions regarding dividend continuity given the explicit disclaimer regarding future payment uncertainty.