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): January 16, 2024
Gen Digital Inc.
(Exact name of registrant as specified in its charter)
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Delaware (State or other jurisdiction of incorporation or organization) | 000-17781 (Commission File Number) | 77-0181864 (I.R.S. Employer Identification Number) |
| 60 E. Rio Salado Parkway, | Suite 1000, | |
| Tempe, | Arizona | 85281 | |
| (Address of principal executive offices and zip code) |
| (650) | 527-8000 | |
| (Registrant's telephone number, including area code) |
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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:
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| ☐ | 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:
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| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, | par value $0.01 per share | GEN | The Nasdaq Stock Market LLC |
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 8.01 Other Events.
Gen Digital Inc. (NASDAQ: GEN) announced today that on January 16, 2024, the U.S. District Court for the District of Columbia issued an order with respect to its January 2023 judgment in a U.S. General Services Administration (GSA) Schedule contract claim initially filed in 2012. The Court denied the State of California’s Motion to Amend. In granting in part and denying in part the United States’ February 2023 Motion to Amend Judgment to revive the damages claimed at trial, the Court changed its previous damage and penalties award from $1.3M to $53M. We respectfully disagree with the Court’s amendment of its original judgment and are assessing appeal of the matter.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 19th day of January, 2024.
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| Gen Digital Inc. |
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| By: | /s/ Bryan S. Ko |
| Bryan S. Ko |
| Chief Legal Officer and Corporate Secretary |
