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Seagate10-K: Compliance burden

New Pillar Two global minimum tax rules increased Seagate's effective tax rate to 13.73% from 2.91%.

What happened

The implementation of new global tax regulations has created a significant compliance burden, causing the effective tax rate to jump from 2.91% to 13.73%.

Source

SEC EDGARAug 4, 2026

Annual report (Form 10-K)

Seagate 10-K for FY2026

Filing excerpt

Starting from fiscal year 2026, major jurisdictions that we operate in have implemented Pillar Two global minimum tax.

sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Compliance burden

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2026
Fiscal year end
07/03
Filed
Aug 4, 2026

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The full record

From the Signal API record

Numbers

Percent
13.73% (effective tax rate for fiscal year 2026 under new Pillar Two rules)

Details

CIK
1137789
Accession number
0001137789-26-000159
Timeframe
Current year
Filing year
2026
Why it matters
GRC tools needed
Signal category
Risk

Topics and mentions

Regions named

  • Singapore
  • Thailand

Extraction

Confidence
High
Relevance
85%
Sentiment
Negative
Detected
Aug 11, 2026
signal_type
sec-10k
signal_subtype
complianceBurden

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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/655f886b-7936-4343-872c-c6e24219f3b7 returns this record as JSON. POST /v1/companies/enrich returns every signal for seagate.com.

{
  "signal_id": "655f886b-7936-4343-872c-c6e24219f3b7",
  "signal_type": "sec-10k",
  "signal_subtype": "complianceBurden",
  "detected_at": "2026-08-11T07:02:57.798+00:00",
  "company": {
    "name": "Seagate",
    "domain": "seagate.com"
  },
  "data": {
    "detail": "The implementation of new global tax regulations has created a significant compliance burden, causing the effective tax rate to jump from 2.91% to 13.73%. This creates an urgent need for sophisticated tax planning software, international tax advisory services, and financial reporting tools.",
    "metrics": {
      "pct": 13.73,
      "timeframe": "current_year",
      "pct_context": "effective tax rate for fiscal year 2026 under new Pillar Two rules"
    },
    "summary": "New Pillar Two global minimum tax rules increased Seagate's effective tax rate to 13.73% from 2.91%.",
    "excerpts": "Starting from fiscal year 2026, major jurisdictions that we operate in have implemented Pillar Two global minimum tax.",
    "relevance": 0.85,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm",
    "filing_date": "2026-08-04",
    "filing_year": 2026,
    "fiscal_year_end": "07/03",
    "sales_relevance": "GRC tools needed",
    "signal_category": "risk",
    "regions_mentioned": [
      "Singapore",
      "Thailand"
    ]
  }
}

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