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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
Date of Report (date of earliest event reported): September 30, 2023
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 September 30, 2023, a judgment was issued by the U.S. District Court of the Eastern District of Virginia with respect to the May 2022 jury verdict in a patent infringement case filed in 2013 by the Trustees of Columbia University in the City of New York. The judgment by the Court multiplied by a factor of 2.6 the jury’s previous damage award of $185,112,727, and awarded interest, attorneys’ fees and an ongoing 1% royalty (we have removed the technology in dispute from our product offerings). We have read the court's judgment and respectfully disagree. We continue to strongly believe our technology does not infringe on Columbia’s patents and will appeal 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 4th day of October, 2023.
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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 |