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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

 

August 7, 2024

Date of Report (date of earliest event reported)

 

Micron Technology, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   1-10658   75-1618004
(State or other jurisdiction of
incorporation)		   (Commission File
Number)		   (IRS Employer
Identification No.)

 

8000 South Federal Way

Boise, Idaho 83716-9632

(Address of principal executive offices and Zip Code)

 

 

(208) 368-4000

(Registrant’s telephone number, including area code)

 

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
symbol		   Name of each exchange on which
registered
Common Stock, par value $0.10 per share   MU   Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

Item 7.01Regulation FD Disclosure

 

On May 21, 2018, the Company announced that its Board of Directors had authorized a stock repurchase program (the “Repurchase Program”) through open market purchases, block trades, privately negotiated transactions and/or derivative transactions, subject to market conditions and Micron's ongoing determination that it is the best use of available cash. On December 21, 2022, the Company disclosed the temporary suspension of the Repurchase Program as a result of the industry downturn. In light of improved conditions, on August 7, 2024, the Company determined that repurchases may resume, which will help offset dilution from employee stock purchase programs. The Company maintains its commitment to further strengthening its balance sheet and sustaining its investment grade credit rating.

 

 

 

 

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.

 

Date: August 7, 2024

MICRON TECHNOLOGY, INC.

   
  By: /s/ Mark Murphy
  Name: Mark Murphy
  Title: Executive Vice President and Chief Financial Officer

 

 

 

 

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