AI English summary of an SEC filing — figures as filed

The company said its April 20, 2024 Compensation and People Committee adopted the Ninth Amended and Restated Seagate Technology Executive Severance and Change in Control Plan.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Apr 25, 2024Period of report Apr 20, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company said its April 20, 2024 Compensation and People Committee adopted the Ninth Amended and Restated Seagate Technology Executive Severance and Change in Control Plan.
The company said the revised Severance Plan includes a pro-rata bonus element for non-U.S. executives in the case of a termination event without a change in control.
The company said the amendment also reflects certain other clarifications and administrative updates in addition to the pro-rata bonus element.
The company said the full text of the Severance Plan is filed as Exhibit 10.1 to this Form 8-K and incorporated by reference, and that its summary is qualified in its entirety by that full text.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Seagate Technology Holdings Adopts Amended Executive Severance and Change in Control Plan

The company said its April 20, 2024 Compensation and People Committee adopted the Ninth Amended and Restated Seagate Technology Executive Severance and Change in Control Plan.

Source · Based on the filing body and exhibits

Pro-Rata Bonus Element Added for Non-U.S. Executives

The company said the revised Severance Plan includes a pro-rata bonus element for non-U.S. executives in the case of a termination event without a change in control.

Source · Based on the filing body and exhibits

Other Clarifications and Administrative Updates to Amendment

The company said the amendment also reflects certain other clarifications and administrative updates in addition to the pro-rata bonus element.

Source · Based on the filing body and exhibits

Full Text of Amendment Filed as Exhibit 10.1

The company said the full text of the Severance Plan is filed as Exhibit 10.1 to this Form 8-K and incorporated by reference, and that its summary is qualified in its entirety by that full text.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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