UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): December 17, 2007
Symantec Corporation
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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000-17781
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77-0181864 |
| (State or Other Jurisdiction of
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(Commission
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(IRS Employer |
| Incorporation)
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File Number)
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Identification No.) |
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| 20330 Stevens Creek Blvd., Cupertino, CA
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95014 |
| (Address of Principal Executive Offices)
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(Zip Code) |
Registrant’s
Telephone Number, Including Area Code
(408) 517-8000
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 8.01. Other Events.
We are
filing this Current Report on Form 8-K for the purpose of incorporating the contents of
this report in the Registration Statement on Form S-8 that we intend
to file on December 17, 2007.
Expansion of Reportable Segments
Beginning
in the first quarter of fiscal 2008, we added an additional segment
called Altiris that consists
of the products we acquired as a result of our April 2007 acquisition of Altiris, Inc. We also
moved (1) our GhostTM, pcAnywhereTM, and LiveStateTM Delivery products from the Security and Data
Management segment to the Altiris segment and (2) our Managed
Security Services and DeepSight products and services from the
Security and Data Management segment to the Services segment. In addition, following implementation of our new enterprise resource planning system completed
during the December 2006 quarter, we refined the methodology of allocating maintenance revenues
among our enterprise segments. The maintenance analysis largely impacts our Data Center Management
segment to the offsetting detriment of our Security and Data Management segment. During the September 2007 quarter, we continued to refine
our segment structure, and recast certain amounts from the Services
segment to the Security and Data Management segment.
Pursuant to guidance provided by the Securities and Exchange Commission, we have recast in
Exhibit 99.01 filed with this Current Report on Form 8-K the following items that were contained in
our Annual Report on Form 10-K for the year ended March 30, 2007
(“Annual Report”), to reflect these
changes in reportable segments: Item 7, “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and Item 8, “Financial Statements and Supplementary Data.” The
information included in and with this Current Report on Form 8-K is presented for information
purposes only in connection with these changes in our reportable segments. There is no change to our
previously reported consolidated operating results, financial condition or cash flows. The changes
to Item 7, “Management’s Discussion and Analysis of
Financial Condition and Results of Operations,”
are to refer to the consolidated operating segment structure that we
adopted in fiscal 2008, and to
report Net revenues consistently with this presentation. The changes
to Item 8, “Financial Statements and Supplementary
Data,” are to amend Notes 4, 15 and 17 to report Net revenues,
Operating income (loss), Depreciation and amortization expense and Goodwill for our reportable
segments consistently with this presentation.
In Item 1, “Business,” of our Annual Report, in the subsection entitled “Operating Segments
and Products,” we refer to our having viewed our business in five operating segments and to the
fact that beginning in the June 2007 quarter, we would (1) add an additional
segment called Altiris consisting of the products we acquired as a
result of our April 2007 acquisition of Altiris, Inc. and move our Ghost, pcAnywhere, and LiveState Delivery
products from the Security and Data Management segment to the Altiris segment and (2) move our
Managed Security Services and DeepSight products and services from the
Security and Data Management segment to the Services segment. We are now operating in the
reportable segments that we indicated would become effective in the June 2007 quarter.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit Title or Description |
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23.01
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Consent of Independent Registered Public Accounting Firm |
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99.01
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Management’s Discussion and Analysis of Financial Condition
and Results of Operations and Audited Consolidated
Financial Statements of Symantec Corporation, as of March
31, 2007 and 2006 and for each of the three years in the
period ended March 31, 2007, reflecting the change in
reportable segments, and including the Report of
Independent Registered Public Accounting Firm dated May 23,
2007, except as to Note 4, 15 and 17 which is as of December 17,
2007. |
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