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): October 29, 2018

 

 

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 No.)

 

38/39 Fitzwilliam Square

Dublin 2, Ireland

  N/A
(Address of principal executive office)   (Zip Code)

Registrant’s telephone number, including area code: (353) (1) 234-3136

N/A

(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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


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

On October 30, 2018, shareholders at the 2018 Annual General Meeting of Shareholders of Seagate Technology plc (the “Company”): (1) elected all ten of the Company’s nominees for director; (2) approved, in an advisory, non-binding vote the compensation of the Company’s named executive officers, (3) ratified, in a non-binding vote, the appointment of Ernst & Young LLP to serve as the Company’s independent auditors for the fiscal year ending June 28, 2019 and authorized, in a binding vote, the Audit Committee to set the auditors’ remuneration, (4) granted the Board of Directors (“Board”) authority to allot and issue shares under Irish law, (5) granted the Board the authority to opt-out of statutory pre-emption rights under Irish law and (6) determined the price range at which the Company can re-allot shares that it acquires as treasury shares under Irish law.

The final voting results on these proposals are as follows:

Proposal 1(a) - (j). To elect ten (10) directors to hold office until the Company’s 2019 annual general meeting:

 

     FOR    AGAINST    ABSTAIN    BROKER NON-VOTES

William D. Mosley

   219,562,265    1,371,145    284,297    38,832,852

Stephen J. Luczo

   218,488,802    2,443,967    284,938    38,832,852

Mark W. Adams

   219,292,509    1,626,957    298,241    38,832,852

Judy Bruner

   218,352,920    2,574,184    290,603    38,832,852

Michael R. Cannon

   214,865,243    6,039,882    312,582    38,832,852

William T. Coleman

   219,529,614    1,384,163    303,930    38,832,852

Jay L. Geldmacher

   219,276,748    1,638,999    301,960    38,832,852

Dylan Haggart

   218,736,149    2,179,488    302,070    38,832,852

Stephanie Tilenius

   219,589,994    1,333,164    294,549    38,832,852

Edward J. Zander

   218,396,931    2,519,291    301,485    38,832,852

Proposal 2. To approve, in an advisory, non-binding vote, the compensation of the Company’s named executive officers:

 

   

        FOR         

 

  AGAINST  

 

ABSTAIN

 

BROKER NON-VOTES

                   

                

 

209,109,764

  11,389,346   718,597   38,832,852   

Proposal 3. To ratify, in a non-binding vote, the appointment of Ernst & Young LLP as the independent auditors of the Company and to authorize, in a binding vote, the Audit Committee of the Company’s Board to set the auditors’ remuneration:

 

   

        FOR         

 

 AGAINST 

 

ABSTAIN

        
              

255,039,858

  4,567,848   442,853     


Proposal 4. To grant the Board the authority to allot and issue shares under Irish law:

 

                  

        FOR         

 

  AGAINST  

 

 ABSTAIN 

                       
                  

247,067,907

  11,716,163   1,266,489     

Proposal 5. To grant the Board the authority to opt-out of statutory pre-emption rights under Irish law:

 

              

        FOR         

 

 AGAINST 

 

 ABSTAIN 

        
 

255,534,960

  2,933,313   1,582,286     

Proposal 6. To determine the price range at which the Company can re-allot shares that it acquires as treasury shares under Irish law:

 

   

        FOR         

 

 AGAINST 

 

 ABSTAIN 

        
          

255,475,538

  2,757,133   1,817,888     

Item 8.01 Other Events.

On November 2, 2018, the Company issued a press release announcing that the Board has authorized the Company to repurchase up to $2.3 billion of its outstanding ordinary shares (the “October 2018 Authorization”). As under previously disclosed authorizations, the Company will effect share repurchases under the October 2018 Authorization by way of redemption in accordance with its Articles of Association and is not required to post such redemptions on the Company’s website.

The full text of the Company’s press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.   

Description

99.1    Press release, dated November 2, 2018, of Seagate Technology plc entitled “Seagate Technology Announces New $2.3 Billion Share Repurchase Authorization.”


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, hereunto duly authorized.

 

SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
By:  

/s/ Kathryn R. Scolnick

Name:   Kathryn R. Scolnick
Title:   Interim Chief Financial Officer and Senior Vice President of Finance, Corporate Communications and Treasury

Date: November 2, 2018