{"schema_version":"secwatch.filing_event.v1","accession":"0001137789-23-000025","form_type":"8-K","ticker":"STX","cik":"0001137789","company_name":"Seagate Technology Holdings plc","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.038071+00:00","generated_at":"2026-06-16T22:15:13.435597+00:00","sec_items":["2.02","2.05","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"Seagate approves $150M restructuring plan, CEO/CFO take 100% pay cut, EVP departs","bullets":["Restructuring plan approved: ~$150M pre-tax charges, primarily severance; expected annualized savings of ~$200M starting Q1 FY2024.","CEO William Mosley and CFO Gianluca Romano base salary reduced 100% for 6 months; CCO Ban Seng Teh reduced 50%, effective May 1.","EVP Operations & Technology Jeffrey Nygaard departing effective May 1, 2023.","Quarterly cash dividend of $0.70 per share declared, payable July 5 to holders of record June 21.","Fiscal Q3 2023 earnings results announced in separate press release; specific figures not included in filing body."],"urls":{"canonical":"https://secwatch.observer/filing/0001137789-23-000025","json":"https://secwatch.observer/filing/0001137789-23-000025.json","markdown":"https://secwatch.observer/filing/0001137789-23-000025.md","text":"https://secwatch.observer/filing/0001137789-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1137789/000113778923000025/0001137789-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1137789/000113778923000025/stx-20230420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T22:15:13.435597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9e608a293cd776c6e3fb17923cce5049511e9585","claim":"Seagate Technology Holdings plc reported financial results for the fiscal third quarter ended March 31, 2023.","evidence_excerpt":"On April 20, 2023 , Seagate Technology Holdings plc (the “Company” or “Seagate”) issued a press release reporting its financial results for the fiscal third quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1137789/000113778923000025/0001137789-23-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal third quarter ended March 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"11e0a1a105","claim":"Jeffrey D. Nygaard departed as Executive Vice President of Operations and Technology at Seagate Technology Holdings plc.","evidence_excerpt":"Jeffrey D. Nygaard, Executive Vice President of Operations and Technology, will leave the Company effective May 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1137789/000113778923000025/0001137789-23-000025-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"will leave"},{"label":"Role","value":"Executive Vice President of Operations and Technology"}],"fact_type":"executive_change"},{"claim_id":"1499264badb11b6d4168bd0a488e77b1fd1d5d78","claim":"Seagate Technology Holdings plc announced a restructuring with charges of approximately $150 million.","evidence_excerpt":"The Plan, which the Company expects to be substantially completed by the end of the fiscal fourth quarter 2023, is expected to result in total pre-tax charges of approximately $150 million. The charges are expected to be primarily cash-based and consist of employee severance and other one-time termination benefits. The Company expects to realize run-rate savings of","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1137789/000113778923000025/0001137789-23-000025-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $150 million"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}