Every material Form 8-K ACCURAY INC has filed with the SEC since October 13, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Accuray's board approved a 1-for-40 reverse stock split of its common stock, effective at 12:02 a.m. Eastern Time on November 9, 2026, with shares continuing to trade on Nasdaq under ARAY. The press release says the split is intended to raise the per-share trading price and help the company regain compliance with Nasdaq's minimum bid price requirement; shareholders keep the same percentage ownership, except for cash paid in lieu of fractional shares.
Every 40 shares of common stock will combine into one share; outstanding shares fall from approximately 120.2 million to approximately 3.0 million.
Authorized common stock falls from 400,000,000 to 10,000,000 shares; new CUSIP is 004397 303.
Trading on a split-adjusted basis begins when Nasdaq opens on November 9, 2026; Computershare is the exchange agent.
Accuray reported fiscal 2027 first quarter results for the period ended September 30, 2026. Total net revenue fell 8% to $86.5 million and gross product orders fell to $19.8 million from $39.6 million, while GAAP net income of $10.1 million was driven by a $59.6 million non-cash gain on debt extinguishment, offset by a $35.4 million non-cash goodwill impairment. The company continues not to provide formal revenue or Adjusted EBITDA guidance for fiscal 2027.
Total net revenue was $86.5 million, down 8% from $93.9 million; product revenue fell 26% to $27.3 million, while service revenue rose 4% to $59.2 million.
GAAP net income was $10.1 million, or $0.07 per diluted share, including the $59.6 million gain on extinguishment of debt and the $35.4 million goodwill impairment charge.
Excluding both items, net loss was $14.0 million, or $0.10 per share, compared with a net loss of $21.7 million, or $0.18 per share, a year earlier.
Gross product orders were $19.8 million versus $39.6 million; order backlog was $272.0 million, about 31% lower year over year.
Accuray director Mika Nishimura, a Class II director, told the board on October 8, 2026 that she will not stand for re-election at the 2026 annual meeting of stockholders, expected in November 2026. She will remain a director and chair of the Compensation Committee until that meeting, and the company said her decision is not due to any disagreement with the company or its board. For shareholders, this is a routine board turnover with no stated effect on operations.
Mika Nishimura, a Class II director, informed the board on October 8, 2026 of her decision.
She will not stand for re-election at the 2026 annual meeting, to be held in November 2026.
She continues as a director and Chairperson of the Compensation Committee until the annual meeting concludes.
The company states the decision is not due to any disagreement with the company or board, or any matter relating to operations, policies or practices.
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