Current Report Filing (8-k)
May 25 2016 - 1:00PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR
15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) May 25, 2016
Microsoft Corporation
(Exact Name of Registrant as Specified in Its Charter)
Washington
(State or Other Jurisdiction of Incorporation)
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0-14278
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91-1144442
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(Commission
File Number)
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(IRS Employer
Identification No.)
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One Microsoft Way, Redmond, Washington
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98052-6399
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(Address of Principal Executive Offices)
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(Zip Code)
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(425) 882-8080
(Registrants Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01 Regulation FD Disclosure
On May 25, 2016, Microsoft Corporation (the Company) announced plans to streamline the companys smartphone hardware business. This will result in
the reduction of up to 1,850 positions, with 1,350 of the reductions to come at Microsoft Mobile Oy in Finland. In the quarter ending June 30, 2016 Microsoft will record an impairment and restructuring charge of approximately $950 million, of which
approximately $200 million will relate to severance payments. The actions associated with todays announcement are expected to be substantially complete by the end of the calendar year and fully completed by July 2017, the end of the
companys next fiscal year.
A copy of Microsofts press release is provided as Exhibit 99.1 to this report.
Note about forward-looking statements
. Certain statements in this report, other than purely historical information, including estimates, projections, statements
relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words believe, project, expect,
anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be,
will continue, will likely result, and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ
materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section titled Risk
Factors of our Forms 10-K and 10-Q. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
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99.1
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Press release, dated May 25, 2016, issued by Microsoft Corporation
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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MICROSOFT CORPORATION
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(Registrant)
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Date: May 25, 2016
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/s/ FRANK H. BROD
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Frank H. Brod
Corporate Vice President, Finance and
Administration;
Chief Accounting Officer
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INDEX TO EXHIBITS
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Exhibit No.
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Description
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99.1
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Press release dated May 25, 2016
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