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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): November 15, 2010
Symantec Corporation
(Exact Name of Registrant as Specified in Charter)
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Delaware
(State or Other Jurisdiction of
Incorporation)
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000-17781
(Commission
File Number)
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77-0181864
(IRS Employer
Identification No.) |
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350 Ellis Street, Mountain View, CA
(Address of Principal Executive Offices)
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94043
(Zip Code) |
Registrants Telephone Number, Including Area Code (650) 527-8000
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On December 10, 2009, the U.S. Tax Court issued its opinion in Veritas Software Corp v.
Commissioner, 133 T.C. No. 14 (Veritas), finding that Symantec Corporations transfer pricing
methodology, with appropriate adjustments, was the best method for assessing the value of the
transaction at issue between Veritas and its international subsidiary. In June 2010, we reached an
agreement with the Internal Revenue Service (IRS) concerning the amount of the adjustment related
to the U.S. Tax Court opinion. On August 10, 2010, the Tax Court issued the final decision order.
Under the Tax Courts decision, we owe no further taxes, interest or penalty for Veritas 2000 and
2001 tax years. The time period for the IRS to initiate an appeal in Veritas expired on Monday,
November 8, 2010. On November 10, 2010, the IRS confirmed that it had chosen not to appeal the
U.S. Tax Courts decision. Accordingly, the matter has now been closed.
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.
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Symantec Corporation
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Date: November 15, 2010 |
By: |
/s/ Scott C. Taylor
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Scott C. Taylor |
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Executive Vice President, General Counsel and Secretary |
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