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  4. [8-K] ACCURAY INC Reports Material Event

Accuray (NASDAQ: ARAY) fully repays $18M 3.75% notes at maturity

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Accuray Incorporated has fully repaid its 3.75% Convertible Senior Notes due 2026. On June 1, 2026, the company paid the remaining outstanding principal of $18,000,000 plus accrued and unpaid interest of $337,500, retiring the notes at their scheduled maturity.

With this repayment, the related Indenture dated May 13, 2021 was satisfied and discharged, and Accuray was released from its remaining obligations under that agreement, other than standard provisions that survive termination. The company confirms the notes were retired in accordance with their original terms.

Positive

  • None.

Negative

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Insights

Accuray retires a modest convertible note issue at maturity, simplifying its debt structure.

Accuray repaid the remaining principal of its 3.75% Convertible Senior Notes due 2026 totaling $18,000,000, plus $337,500 of accrued interest, on June 1, 2026. The notes had been outstanding since their issuance on May 13, 2021.

This repayment satisfies and discharges the Indenture governing the notes, releasing the company from associated obligations except for terms that explicitly survive. Economically, this removes a convertible debt instrument from the balance sheet and interest expense going forward, although the filing does not quantify the company’s overall leverage for context.

Subsequent filings may provide more detail on Accuray’s post-repayment debt mix and liquidity, which will help investors understand how this transaction fits into broader financing and capital allocation plans.

Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Principal repaid $18,000,000 Remaining aggregate principal of 3.75% Convertible Senior Notes repaid June 1, 2026
Interest paid at retirement $337,500 Accrued and unpaid interest paid with principal on June 1, 2026
Coupon rate 3.75% Stated interest rate on Convertible Senior Notes due 2026
Maturity date June 1, 2026 Maturity of 3.75% Convertible Senior Notes repaid by the company
Issuance date May 13, 2021 Date the 3.75% Convertible Senior Notes were originally issued
Convertible Senior Notes financial
"the remaining outstanding aggregate principal amount of 3.75% Convertible Senior Notes due 2026 (the “Notes”)"
Convertible senior notes are a type of loan that a company issues to investors, which can be turned into company shares later on. They are called "senior" because they are paid back before other debts if the company runs into trouble. This allows investors to earn interest like a loan but also have the chance to own part of the company if its value rises.
Indenture financial
"pursuant to the Indenture, dated as of May 13, 2021 (the “Indenture”)"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
material definitive agreement regulatory
"Item 1.02 Termination of a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Trustee financial
"The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”)"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
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Understanding 8-K Material Events →
false 0001138723 0001138723 2026-06-01 2026-06-01
 
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): June 1, 2026
 
ACCURAY INCORPORATED
 
(Exact name of Registrant as Specified in Its Charter)
 
 
Delaware
(State or Other Jurisdiction
of Incorporation)
 
1240 Deming Way
Madison, Wisconsin
(Address of Principal Executive Offices)
001-33301
(Commission File Number)
20-8370041
(IRS Employer
Identification No.)
 
53717-1954
(Zip Code)
 
 
Registrant’s Telephone Number, Including Area Code: (608) 824-2800
 
(Former Name or Former Address, if Changed Since Last Report)
 
 
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:
 
☐
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:
 
Title of each class
  
Trading
Symbol(s)
  
Name of each exchange
on which registered
Common Stock, par value $0.001 per share
  
ARAY
  
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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2)
 
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 1.02 Termination of a Material Definitive Agreement.
 
On June 1, 2026, the remaining outstanding aggregate principal amount of 3.75% Convertible Senior Notes due 2026 (the “Notes”) issued by Accuray Incorporated (the “Company”), pursuant to the Indenture, dated as of May 13, 2021 (the “Indenture”), by and among the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), matured and were repaid in full by the Company, together with accrued and unpaid interest thereon.
 
In conjunction with the full and final repayment of the Notes, the Indenture was satisfied and discharged in accordance with its terms and the Trustee acknowledged such satisfaction and discharge. As a result of the satisfaction and discharge of the Indenture, the Company was released from its remaining obligations under the Indenture except those provisions of the Indenture that, by their terms, survive the satisfaction and discharge of the Indenture.
 
Item 7.01 Regulation FD Disclosure.
 
On June 1, 2026, the Company retired the Notes in accordance with their terms. The Company repaid the remaining outstanding aggregate principal amount of $18,000,000, together with accrued and unpaid interest thereon of $337,500. The Notes were issued on May 13, 2021 and matured on June 1, 2026.
 
2
 
 
SIGNATURES
 
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.
 
   
ACCURAY INCORPORATED
     
     
Date:
June 4, 2026
  
By:
/s/ Ali Pervaiz
       
Name:
Ali Pervaiz
       
Title:
SVP, Chief Financial Officer
 
 

Source: View Original Filing on SEC EDGAR

FAQ

What did Accuray Incorporated (ARAY) announce regarding its 3.75% Convertible Senior Notes?

Accuray announced it fully repaid its 3.75% Convertible Senior Notes due 2026. The company paid the remaining principal and accrued interest at maturity, retiring the notes and satisfying the related Indenture governing this debt instrument.

How much principal did Accuray (ARAY) repay on its 3.75% notes?

Accuray repaid a remaining outstanding principal amount of $18,000,000 on its 3.75% Convertible Senior Notes. This payment occurred at maturity on June 1, 2026, and eliminated the remaining balance under this specific convertible debt issuance.

What interest did Accuray (ARAY) pay when retiring its 3.75% convertible notes?

Accuray paid accrued and unpaid interest of $337,500 in connection with retiring its 3.75% Convertible Senior Notes. This interest payment was made together with the remaining principal on June 1, 2026, in accordance with the notes’ original terms.

What happened to the Indenture governing Accuray’s 3.75% Convertible Senior Notes?

The Indenture dated May 13, 2021, governing Accuray’s 3.75% Convertible Senior Notes was satisfied and discharged. After full repayment, the trustee acknowledged this discharge, releasing Accuray from remaining obligations except for provisions that expressly survive termination.

When were Accuray’s 3.75% Convertible Senior Notes issued and when did they mature?

Accuray’s 3.75% Convertible Senior Notes were issued on May 13, 2021, and matured on June 1, 2026. The company retired the notes at that maturity date by paying the outstanding principal plus accrued and unpaid interest in full.

Filing Exhibits & Attachments

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