secwatch.observer — SEC 8-K summary
======================================

Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-114027
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seagate amends executive severance plan to add pro-rata bonus for non-U.S. executives
--------------------------------------------------------------------------------

- Adopted Ninth Amended and Restated Severance Plan on April 20, 2024, adding pro-rata bonus for non-U.S. executives upon non-CIC termination.
- Plan applies to executives at vice president level or above selected for participation; replaces prior severance policies.
- Non-U.S. executives now eligible for Pro Rata Bonus based on Accrued Bonus Funding through last completed fiscal quarter.
- Benefits include months of pay, prior year bonus, and pro-rata bonus; double recovery is prevented.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312524114027/0001193125-24-114027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312524114027/d796468d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-114027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer