INTU 8-K — Smart Summary

On May 20, 2026, the Company announced a restructuring plan to simplify its organizational structure, reduce its workforce by approximately 17%, and potentially close certain sites, with estimated charges of $300 million to $340 million primarily in the fourth fiscal quarter ending July 31, 2026.

• Plan announced: May 20, 2026
• Purpose: To simplify organizational structure and become a faster, leaner, more focused company
• Workforce reduction: approximately 17% of full-time workforce
• The Company is considering closure of certain sites in service to growing technology teams and capabilities in strategic locations
• Estimated total charges: approximately $300 million to $340 million
• Charges expected primarily in the fourth fiscal quarter ending July 31, 2026
• Charges consist primarily of future cash expenditures related to severance payments and employee benefits
• Substantially all actions associated with the Plan expected to be completed by the first fiscal quarter ending October 31, 2026
• Completion is subject to local law and consultation requirements
• Actual amounts may differ materially from estimates due to assumptions including local law requirements in various jurisdictions
• Additional charges not currently contemplated may be incurred due to unanticipated events during implementation

• Cash dividend of $1.20 per share declared on May 20, 2026
• Payment date: July 17, 2026
• Record date: close of business on July 9, 2026
• Future dividend declarations subject to final determination of the Board