Seagate Tech Announces CFO Departure, New Director
Ticker: STX · Form: 8-K · Filed: Aug 29, 2024 · CIK: 1137789
Sentiment: neutral
Topics: executive-change, board-appointment, cfo-departure
TL;DR
CFO out, interim CFO in, new board member at Seagate. Watch for financial strategy changes.
AI Summary
Seagate Technology Holdings plc announced on August 23, 2024, changes in its executive team and board. Effective August 23, 2024, Mr. David J. Wickersham resigned as Chief Financial Officer and Ms. Amylin R. Sullivan was appointed as Interim Chief Financial Officer. Additionally, Ms. Catherine J. Dunlap was appointed as a new director to the Board of Directors.
Why It Matters
Changes in key financial and leadership roles can signal shifts in company strategy or financial oversight, impacting investor confidence and operational direction.
Risk Assessment
Risk Level: medium — Executive departures and interim appointments can introduce uncertainty regarding financial leadership and strategic continuity.
Key Players & Entities
- Seagate Technology Holdings plc (company) — Registrant
- David J. Wickersham (person) — Resigned Chief Financial Officer
- Amylin R. Sullivan (person) — Appointed Interim Chief Financial Officer
- Catherine J. Dunlap (person) — Appointed Director
- August 23, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the interim Chief Financial Officer?
Ms. Amylin R. Sullivan has been appointed as the Interim Chief Financial Officer.
When did the changes in executive officers and directors take effect?
The changes took effect on August 23, 2024.
Who resigned from their position as Chief Financial Officer?
Mr. David J. Wickersham resigned as Chief Financial Officer.
Has a new director been appointed to the Board?
Yes, Ms. Catherine J. Dunlap has been appointed as a new director to the Board of Directors.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3572, which corresponds to COMPUTER STORAGE DEVICES.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-08-29 16:28:42
Key Financial Figures
- $0.00001 — Registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Select
Filing Documents
- stx-20240823.htm (8-K) — 26KB
- 0001137789-24-000074.txt ( ) — 144KB
- stx-20240823.xsd (EX-101.SCH) — 2KB
- stx-20240823_lab.xml (EX-101.LAB) — 21KB
- stx-20240823_pre.xml (EX-101.PRE) — 12KB
- stx-20240823_htm.xml (XML) — 3KB
From the Filing
stx-20240823 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): August 23, 2024 SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY (Exact name of registrant as specified in its charter) ____________________________ Ireland 001-31560 98-1597419 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation or organization) Identification Number) 121 Woodlands Avenue 5 739009 Singapore (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (65) 6018-2562 N/A (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 (see General Instruction A.2. below): 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 Name of Each Exchange on Which Registered Ordinary Shares, par value $0.00001 per share STX The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 23, 2024, Mr. Robert A. Bruggeworth notified the Board of Directors (the "Board") of Seagate Technology Holdings, plc (the "Company") that he has decided not to stand for re-election to the Board at the Company's 2024 Annual General Meeting of Shareholders (the "Annual Meeting"). Mr. Bruggeworth will continue to serve as a director until the conclusion of the Annual Meeting. Mr. Bruggeworth's decision not to stand for re-election was not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Board thanks Mr. Bruggeworth for his service and contributions as a director. 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 Date: August 29, 2024 By: /s/ James C. Lee Name: James C. Lee Title: Senior Vice President, Chief Legal Officer, and Corporate Secretary