0001104659-11-019316.txt : 20110408 0001104659-11-019316.hdr.sgml : 20110408 20110408161012 ACCESSION NUMBER: 0001104659-11-019316 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20110406 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110408 DATE AS OF CHANGE: 20110408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Seagate Technology plc CENTRAL INDEX KEY: 0001137789 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 980648577 STATE OF INCORPORATION: L2 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31560 FILM NUMBER: 11749645 BUSINESS ADDRESS: STREET 1: ARTHUR COX BUILDING STREET 2: EARLSFORT TERRACE CITY: DUBLIN 2 STATE: L2 ZIP: 00000 BUSINESS PHONE: 353-1-618-0000 MAIL ADDRESS: STREET 1: ARTHUR COX BUILDING STREET 2: EARLSFORT TERRACE CITY: DUBLIN 2 STATE: L2 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: Seagate Technology DATE OF NAME CHANGE: 20090330 FORMER COMPANY: FORMER CONFORMED NAME: SEAGATE TECHNOLOGY DATE OF NAME CHANGE: 20021212 FORMER COMPANY: FORMER CONFORMED NAME: SEAGATE TECHNOLOGY HOLDINGS DATE OF NAME CHANGE: 20010406 8-K 1 a11-10013_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): April 6, 2011

 


 

SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY

(Exact Name of Registrant as Specified in its Charter)

 


 

Ireland

 

001-31560

 

98-0648577

(State or Other Jurisdiction
of Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification Number)

 

Arthur Cox Building
Earlsfort Terrace
Dublin 2
Ireland

 

NA

(Address of Principal Executive Office)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (353) (1) 618-0517

 


 

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):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

(b)  On April 7, 2011, Albert A. (Rocky) Pimentel notified the Board of Seagate Technology plc (the “Company”) that in connection with his appointment as Executive Vice President, Worldwide Sales and Marketing (see paragraph (c), below), he would resign from the Board, effective at the close of business on April 7, 2011.  Mr. Pimentel did not resign due to any disagreements with Seagate’s operations, policies or practices.

 

Frank J. Biondi, Jr. will serve as the interim Chairman of the Audit Committee.

 

(c) On April 6, 2011, the Company appointed Mr. Pimentel, 55, Executive Vice President, Worldwide Sales and Marketing.  Mr. Pimentel was a Director of Seagate from 2009 until his resignation from the board (see paragraph (a) above).  Mr. Pimentel served as COO and Chief Financial Officer (“CFO”) at McAfee, Inc., from 2008 until he retired in August 2010.  He served as the Executive Vice President and CFO of Glu Mobile from 2004 to 2008.  Prior to joining Glu Mobile, Mr. Pimentel served as Executive Vice President and CFO at Zone Labs from 2003 to 2004, which was acquired by Check Point Software in 2004.  From 2001 to 2003, Mr. Pimentel was a partner with Redpoint Ventures.  Mr. Pimentel also held the positions of Senior Vice President and CFO of WebTV Networks, which was acquired by Microsoft in 1997, from 1996 until 2001, Senior Vice President and CFO of LSI Logic Corporation from 1992 to 1996 and was part of the founding management team of Conner Peripherals, Inc., which was acquired by the Company in 1996.  Mr. Pimentel serves on the board of directors of Xilinx, Inc.

 

In connection with his appointment, on April 6, 2011, the Compensation Committee of the Board of Directors approved an annual base salary for Mr. Pimentel of $600,000, with a target bonus opportunity of 100% of his base salary.  In connection with his appointment, on April 6, 2011, Mr. Pimentel also received a grant of stock options to acquire 647,500 of the Company’s common shares and a grant of 111,000 performance shares under the Company’s 2004 Share Compensation Plan, as amended.  The annual bonus opportunity and the equity grants are covered by and subject to the Seagate Technology plc Compensation Recovery for Fraud or Misconduct Policy adopted on January 29, 2009 by the Compensation Committee of the Board of Directors of the Company.  Mr. Pimentel will also be eligible for separation benefits, if applicable, under the Third Amended and Restated Seagate Technology Executive Officer Severance and Change in Control (CIC) Plan.

 

A copy of the Company’s press release announcing the appointment of Mr. Pimentel is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits

 

(d) Exhibits.

 

The following exhibit is attached to this Current Report on Form 8-K:

 

Exhibit No.

 

Description

99.1

 

Press release, dated April 8, 2011, of Seagate Technology plc.

 

2



 

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, thereto duly authorized.

 

 

 

SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY

 

 

 

 

By:

/s/ Kenneth M. Massaroni

 

Name:

Kenneth M. Massaroni

 

Title:

Senior Vice President and General Counsel

 

 

 

Date: April 8, 2011

 

 

 

3


EX-99.1 2 a11-10013_1ex99d1.htm PRESS RELEASE

Exhibit 99.1

 

 

GRAPHIC

For Further Information Contact:

Brian Ziel, 831-439 -5429

Brian.ziel@seagate.com

SEAGATE

 

SEAGATE APPOINTS INDUSTRY VETERAN ALBERT “ROCKY” PIMENTEL

AS EXECUTIVE VICE PRESIDENT OF WORLDWIDE SALES AND MARKETING

 

Former McAfee and LSI executive to lead global sales, marketing and product line management

 

SCOTTS VALLEY, Calif. — April 8, 2011 — Seagate (NASDAQ: STX) today announced that Albert “Rocky” Pimentel has joined the company as executive vice president, Worldwide Sales and Marketing. In his new role, Pimentel will lead the global team comprising Sales, Sales Operations, Product Line Management, Marketing and Retail.

 

Mr. Pimentel has served on Seagate’s Board of Directors since 2009 and has played a central leadership role at a number of well-known technology companies. His storage industry experience includes being a member of the early Seagate management team working with founders Al Shugart and Finis Conner as well as being part of the founding management team of Conner Peripherals. Since that time, his diverse career experience included having served as COO and CFO of McAfee, and SVP and CFO of LSI Logic. His lengthy high-technology background also includes serving as a member of the Board of Directors of Xilinx, as well as senior leadership positions at Glu Mobile, Zone Labs, WebTV Networks and Redpoint Ventures. His successful experiences in storage, enterprise software, consumer software, internet services, digital media and consumer appliances complements the current and future market opportunities Seagate is pursuing.

 

“Rocky will be a tremendous asset as a member of our day-to-day leadership team,” said Seagate Chairman and CEO Steve Luczo.  “He has a wealth of experience in technology that will be beneficial to Seagate, ranging from storage to semiconductors to mobile and security software. Rocky’s tenure on Seagate’s Board gives him a deep understanding of our business and visibility into the company’s operations. I speak for the entire management team when I say that we look forward to Rocky’s leadership in driving our new global sales and marketing initiatives and brand awareness.”

 

“The storage industry has many great opportunities for growth and Seagate has the innovation, operational excellence, and world-class team onboard to excel,” said Pimentel. “I’m pleased to be part of such an accomplished group and look forward to helping strengthen our position further in the market.”

 

1



 

Pimentel’s position was previously held by EVP Kurt Richarz on an interim basis as Seagate’s management team planned its realignment strategy. Richarz will continue to manage Sales, Sales Operations and Marketing to ensure alignment and efficiency. Pimentel has ended his tenure on the Seagate Board of Directors and will report directly to Steve Luczo in his new executive management position.

 

About Seagate

 

Seagate is the world leader in hard disk drives and storage solutions. Learn more at Seagate.com

 

# # #

 

2


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