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STX > SEC Filings for STX > Form 8-K on 12-Nov-2008All Recent SEC Filings

Show all filings for SEAGATE TECHNOLOGY | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SEAGATE TECHNOLOGY


12-Nov-2008

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On November 10, 2008, Seagate Technology ("Seagate") and Charles C. Pope agreed to certain changes in his title, salary and target bonus level as a result of changes to his responsibilities. As previously announced, on April 24, 2008 Mr. Pope informed Seagate that he intended to retire from his position as Executive Vice President and Chief Financial Officer, and effective as of August 25, 2008, he transitioned to the position of Executive Vice President in charge of the Seagate Services group and the Corporate Development group. Effective as of January 5, 2009, Mr. Pope will complete transition to the position of Business Development Officer, Strategic Planning and Corporate Development. In this new position, Mr. Pope's base salary shall be $350,000 (reduced from his current base salary of $721,011) and his 2009 target bonus level shall be 80% of his base salary (reduced from his current target bonus level of 100% of base salary).


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