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STX > SEC Filings for STX > Form 8-K on 23-Jan-2014All Recent SEC Filings

Show all filings for SEAGATE TECHNOLOGY PLC



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.

On January 21, 2014, the Compensation Committee of the Board of Directors of Seagate Technology plc (the "Company") approved a cash bonus opportunity for each of William D. Mosley, President, Operations and Technology, who has responsibility for our global hard drive, heads and media manufacturing operations, as well as global research and development; and Rocky Pimentel, President, Global Markets and Customers, who has responsibility for our global customer engagement, sales and sales operations, product line management, marketing and retail activities.

The bonus opportunity, which is in addition to the bonus which may be earned under the Executive Officer Performance Bonus Plan (the "EOPB"), is up to 25% of each executive's annual base salary. The payout will be based on the level of funding of the EOPB for the Company's 2014 fiscal year, up to target, as well as the achievement of individual goals tied to strategic objectives for each executive's organization during the 2014 fiscal year. For Mr. Mosley, these goals relate to overseeing the development and improvement of certain new and existing technologies and implementing various operational strategies in the Company's global manufacturing operations. For Mr. Pimentel, these goals relate to pricing strategies, sales force development and focused strategies for the sales of the Company's products in various markets.

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