Seagate Files 8-K on Officer Compensation Changes
Ticker: STX · Form: 8-K · Filed: Jan 2, 2024 · CIK: 1137789
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K
TL;DR
**Seagate just filed an 8-K about executive pay changes, keep an eye on it.**
AI Summary
Seagate Technology Holdings plc filed an 8-K on January 2, 2024, reporting an event that occurred on December 26, 2023, related to changes in compensatory arrangements for certain officers. This filing, under Item 5.02, signals potential shifts in executive compensation, which could impact the company's operational costs and executive incentives. Investors should monitor these changes as they might reflect strategic adjustments or efforts to retain key talent, potentially affecting future profitability and stock performance.
Why It Matters
Changes in executive compensation can influence management's motivation and the company's financial health, directly impacting shareholder value.
Risk Assessment
Risk Level: low — This filing is informational regarding executive compensation arrangements, which typically carries a low immediate risk unless specific details reveal significant financial burdens or incentive misalignments.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the compensatory arrangements mentioned, as these could impact future financial performance and executive retention.
Key Numbers
- 001-31560 — Commission File Number (identifies Seagate's registration with the SEC)
- 98-1597419 — IRS Employer Identification No. (identifies Seagate for tax purposes)
Key Players & Entities
- Seagate Technology Holdings plc (company) — the registrant filing the 8-K
- December 26, 2023 (date) — date of the earliest event reported
- January 2, 2024 (date) — date the 8-K was filed
- 001-31560 (dollar_amount) — Commission File Number for Seagate
Forward-Looking Statements
- Seagate will provide more specific details about the compensatory arrangements in future filings or press releases. (Seagate Technology Holdings plc) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this 8-K filing by Seagate Technology Holdings plc?
This 8-K filing, dated January 2, 2024, reports an event that occurred on December 26, 2023, specifically under Item 5.02, which pertains to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 26, 2023, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the full legal name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is 'SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY'.
What is Seagate Technology Holdings plc's Commission File Number?
Seagate Technology Holdings plc's Commission File Number is 001-31560, as indicated in the filing.
Where is Seagate Technology Holdings plc's principal executive office located?
Seagate Technology Holdings plc's principal executive office is located at 38/39 Fitzwilliam Square, Dublin 2, Ireland, with Zip Code D02 NX53.
Filing Stats: 480 words · 2 min read · ~2 pages · Grade level 14 · Accepted 2024-01-02 16:11:01
Key Financial Figures
- $0.00001 — registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Sel
Filing Documents
- d696511d8k.htm (8-K) — 22KB
- 0001193125-24-000688.txt ( ) — 137KB
- stx-20231226.xsd (EX-101.SCH) — 3KB
- stx-20231226_lab.xml (EX-101.LAB) — 17KB
- stx-20231226_pre.xml (EX-101.PRE) — 11KB
- d696511d8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On December 26, 2023, Katherine E. Schuelke, Senior Vice President, Chief Legal Officer and Corporate Secretary notified Seagate Technology Holdings plc (the "Company") that she will be leaving the Company effective January 15, 2024 to pursue other opportunities. Ms. Schuelke's resignation is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Laurie Webb, Vice President, Legal and Chief Compliance Officer of the Company, will serve as interim Chief Legal Officer following Ms. Schuelke's departure until a permanent Chief Legal Officer is appointed. 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. SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY By: /s/ Gianluca Romano Name: Gianluca Romano Title: Executive Vice President and Chief Financial Officer Date: January 2, 2024