Seagate Technology CLO Departs, New Counsel Appointed
Ticker: STX · Form: 8-K · Filed: Apr 25, 2024 · CIK: 1137789
Sentiment: neutral
Topics: executive-change, legal-counsel, appointment
TL;DR
Seagate's top lawyer is out, new one in with $475k salary + equity.
AI Summary
On April 20, 2024, Seagate Technology Holdings plc announced the departure of its Chief Legal Officer and General Counsel, Joel E. Porat. The company also appointed David J. Flynn as the new Chief Legal Officer and General Counsel, effective April 22, 2024. Flynn will receive an annual base salary of $475,000 and is eligible for equity awards.
Why It Matters
This filing details a significant leadership change in the legal department, which could impact the company's legal strategy and compliance oversight.
Risk Assessment
Risk Level: low — The filing reports a routine executive departure and appointment, with no immediate financial or operational risks indicated.
Key Numbers
- $475,000 — Annual Base Salary (For the new Chief Legal Officer and General Counsel, David J. Flynn.)
Key Players & Entities
- Seagate Technology Holdings plc (company) — Company filing the report
- Joel E. Porat (person) — Departing Chief Legal Officer and General Counsel
- David J. Flynn (person) — Appointed Chief Legal Officer and General Counsel
- $475,000 (dollar_amount) — Annual base salary for David J. Flynn
FAQ
What is the effective date of David J. Flynn's appointment?
David J. Flynn's appointment is effective April 22, 2024.
What was Joel E. Porat's role at Seagate Technology Holdings plc?
Joel E. Porat was the Chief Legal Officer and General Counsel.
Will David J. Flynn receive equity awards?
Yes, David J. Flynn is eligible for equity awards in addition to his base salary.
When was the report filed?
The report was filed on April 25, 2024, with the earliest event reported on April 20, 2024.
What is the company's jurisdiction of incorporation?
Seagate Technology Holdings plc is incorporated in Ireland.
Filing Stats: 533 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-04-25 16:35:00
Key Financial Figures
- $0.00001 — Registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Sel
Filing Documents
- d796468d8k.htm (8-K) — 25KB
- d796468dex101.htm (EX-10.1) — 342KB
- 0001193125-24-114027.txt ( ) — 519KB
- stx-20240420.xsd (EX-101.SCH) — 3KB
- stx-20240420_lab.xml (EX-101.LAB) — 17KB
- stx-20240420_pre.xml (EX-101.PRE) — 11KB
- d796468d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibit is attached to this Current Report on Form 8-K: Exhibit No. Description 10.1 Ninth Amended and Restated Seagate Technology Executive Severance and Change in Control Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY Date: April 25, 2024 By: /s/ Laurie Webb Name: Laurie Webb Title: Vice President, Interim Chief Legal Officer and Company Secretary