Form 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): September 15, 2016

 

 

NetApp, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   0-27130   77-0307520
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)     Identification No.)

495 East Java Drive

Sunnyvale, CA 94089

(Address of principal executive offices) (Zip Code)

(408) 822-6000

(Registrant’s telephone number, including area code)

Not Applicable

(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))

 

 

 


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

Amendment to 1999 Stock Option Plan

The board of directors (the “Board”) of NetApp, Inc. (the “Company”) previously approved, subject to stockholder approval, an amendment to the Company’s 1999 Stock Option Plan (the “1999 Plan”) to increase the share reserve by an additional 4,300,000 shares of common stock. The Company’s stockholders approved the amendment at the Annual Meeting of Stockholders of the NetApp, Inc. held on September 15, 2016 (the “Annual Meeting”). The foregoing is qualified in its entirety by reference to the full text of the 1999 Plan, a copy of which is attached as Exhibit 10.1 and is incorporated herein by reference.

Amendment to Employee Stock Purchase Plan

The Board previously approved, subject to stockholder approval, an amendment to the Company’s Employee Stock Purchase Plan (the “Purchase Plan”) to increase the share reserve by an additional 2,500,000 shares of common stock. The Company’s stockholders approved the amendment at the Annual Meeting. The foregoing is qualified in its entirety by reference to the full text of the Purchase Plan, a copy of which is attached as Exhibit 10.2 and is incorporated herein by reference.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, the stockholders of the Company elected the following individuals to serve as members of the Board for the ensuing year or until their respective successors are duly elected and qualified. No members of the Board had continuing terms without election. Abstentions do not impact the outcome of the vote for director elections.

 

Nominee

   Votes For      Votes Against      Abstentions      Broker
Nonvotes*
 

T. Michael Nevens

     223,026,824         1,443,651         201,209         29,475,626   

Jeffry R. Allen

     221,592,144         3,001,624         77,916         29,475,626   

Alan L. Earhart

     221,725,561         2,858,540         87,583         29,475,626   

Gerald Held

     223,061,068         1,515,383         95,233         29,475,626   

Kathryn M. Hill

     222,916,563         1,457,849         297,272         29,475,626   

George Kurian

     222,955,243         1,640,083         76,358         29,475,626   

George T. Shaheen

     220,270,473         4,102,173         299,038         29,475,626   

Stephen M. Smith

     218,355,217         6,017,307         299,160         29,475,626   

Robert T. Wall

     220,121,068         4,462,229         88,387         29,475,626   

Richard P. Wallace

     222,893,204         1,478,001         300,479         29,475,626   

In addition, the following proposals were voted on at the Annual Meeting:


  1. Proposal to approve an amendment to the 1999 Plan to increase the share reserve by an additional 4,300,000 shares of common stock.

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Nonvotes*

177,419,780

   47,181,627    70,277    29,475,626

The proposal was approved.

 

  2. Proposal to approve an amendment to the Purchase Plan to increase the share reserve by an additional 2,500,000 shares of common stock.

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Nonvotes*

222,740,654

   1,371,514    559,516    29,475,626

The proposal was approved.

 

  3. Proposal to approve an advisory vote on Named Executive Officer compensation.

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Nonvotes*

220,329,030

   3,874,357    468,297    29,475,626

The proposal was approved.

 

  4. Proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 28, 2017.

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Nonvotes*

246,787,305

   7,017,891    288,114    0

The proposal was approved.

 

* Broker nonvotes do not affect the outcome of the vote.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

  

Description

10.1    NetApp, Inc. 1999 Stock Option Plan (incorporated by reference to Appendix A to the Company’s proxy statement, dated August 2, 2016)
10.2    NetApp, Inc. Employee Stock Purchase Plan (incorporated by reference to Appendix B to the Company’s proxy statement, dated August 2, 2016)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

NETAPP, INC.

(Registrant)

Date: September 20, 2016     By:  

/s/ Matthew K. Fawcett

      Matthew K. Fawcett
      Senior Vice President, General Counsel and Secretary


Exhibit Index

 

Exhibit No.

  

Description

10.1    NetApp, Inc. 1999 Stock Option Plan (incorporated by reference to Appendix A to the Company’s proxy statement, dated August 2, 2016)
10.2    NetApp, Inc. Employee Stock Purchase Plan (incorporated by reference to Appendix B to the Company’s proxy statement, dated August 2, 2016)