Item 2.02. Results of Operations and Financial Condition.
On November 4, 2021, Qurate Retail, Inc. (the "Company") issued a press release
(the "Earnings Release") setting forth information, including financial
information, which is intended to supplement the financial statements and
related Management's Discussion and Analysis of Financial Condition and Results
of Operations contained in the Company's Quarterly Report on Form 10-Q for the
quarter ended September 30, 2021, filed with the Securities and Exchange
Commission (the "SEC") on November 4, 2021.
This Item 2.02 and the Earnings Release attached hereto as Exhibit 99.1, insofar
as they disclose historical information regarding the Company's results of
operations or financial condition for the quarter ended September 30, 2021, are
being furnished to the SEC.
Item 7.01. Regulation FD Disclosure.
On November 4, 2021, the Company announced that its Board of Directors declared
the regular quarterly cash dividend payable to holders of its 8.0% Series A
Cumulative Redeemable Preferred Stock (the "Preferred Stock"). The per share
amount of the quarterly cash dividend will be $2.00, payable in cash on December
15, 2021 to stockholders of record of the Preferred Stock at the close of
business on November 30, 2021.
On November 4, 2021, the Company also announced that its Board of Directors
declared a special cash dividend in the amount of $1.25 per common share, for an
aggregate dividend of approximately $495 million based on shares outstanding as
of October 31, 2021 (to be updated for actual shares outstanding as of the
record date), payable in cash on November 22, 2021 to stockholders of record of
the Company's Series A and Series B common stock at the close of business on
November 15, 2021.
On November 5, 2021, the Company announced certain key dates, including the
ex-dividend date established by Nasdaq, with respect to the Company's upcoming
special dividend of cash to holders of shares of its Series A and Series B
common stock. These dates apply only to the Company's special dividend of cash
to holders of its Series A and Series B common stock, and not its previously
announced regular quarterly cash dividend payable to holders of the Preferred
This Current Report on Form 8-K and the press releases attached hereto as
Exhibit 99.2, Exhibit 99.3 and Exhibit 99.4 are being furnished to the
Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction
of the public disclosure requirements of Regulation FD and shall not be deemed
"filed" for any purpose.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Earnings Release, dated November 4, 2021.
99.2 Press Release, dated November 4, 2021, regarding the quarterly
99.3 Press Release, dated November 4, 2021, regarding the special
99.4 Press Release, dated November 5, 2021, regarding the key dates
for the special cash dividend.
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
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