Highest-materiality recent filing
Seagate calls all $150.7M of 3.50% Exchangeable Senior Notes due 2028 for redemption
Redemption notice issued for all outstanding 3.50% Exchangeable Senior Notes due 2028.
Seagate closes exchange of $600M notes for $599M cash and 5.95M shares
$600M principal of 3.50% Exchangeable Senior Notes due 2028 exchanged for $599.2M cash and 5.95M ordinary shares.
Seagate exchanges $600M of 3.50% Notes due 2028 for $599.2M cash and shares
Entered exchange agreements for $600M principal of 3.50% Exchangeable Notes due 2028.
Seagate exchanges $500M of 3.50% exchangeable notes for cash and shares
Exchange of $500M principal of 3.50% Exchangeable Senior Notes due 2028 for $503.4M cash plus ordinary shares.
Seagate completes exchange of $2.81B in Old Notes for New Notes via SDST subsidiary
As of June 26, $2,809,835,357 principal amount of eight Old Note series validly tendered and accepted.
SDST issued $400M of 5.875% Senior Notes due 2030; interest payable Jan 15 & Jul 15 starting Jan 15, 2026.
Seagate board approves $5 billion share repurchase; announces analyst day with FY2028 targets
$5B share repurchase authorized under existing program; no expiration date.
Seagate subsidiary launches $400M senior notes offering to refinance 2027 notes
Seagate Data Storage Technology Pte. Ltd. offers $400M senior notes due 2030 in private placement.
Seagate completes HAMR qualification, warns of up to $200M revenue hit from production delays
Completed qualification testing for HAMR-based Mozaic drives with several customers, including a leading cloud service provider; initial shipments expected in coming weeks.
Seagate sells SoC assets to Broadcom subsidiary for $600M cash
Sold SoC-related IP, equipment, and assets to Avago Technologies (Broadcom subsidiary) for $600M in cash.
Seagate reports Q2 FY2024 revenue $1.555B; non-GAAP EPS $0.12; Q3 guidance above consensus
Revenue $1.555B, down 17.6% YoY but up 6.9% sequentially; GAAP EPS $0.00, non-GAAP EPS $0.12.
Seagate Technology Holdings and subsidiary Seagate HDD Cayman entered into the Tenth Amendment to the Credit Agreement on September 27, 2023.
Principal amount $1.5B ($200M overallotment exercised); notes mature June 1, 2028, interest payable March 1 and Sept 1.
Seagate issues $1.3B of 3.50% exchangeable senior notes due 2028; refinances debt
Seagate HDD Cayman priced $1.3B aggregate of 3.50% exchangeable senior notes due 2028; up to $200M additional over-allotment.
Seagate issues $1B in senior notes: $500M 8.25% due 2029, $500M 8.50% due 2031
Issued $500M in 8.25% Senior Notes due 2029 and $500M in 8.50% Senior Notes due 2031.
Seagate issues $1B in senior notes at 8.250% and 8.500% to refinance debt
$500M of 8.250% Senior Notes due 2029 and $500M of 8.500% Senior Notes due 2031 issued.
Seagate amends credit agreement: lowers revolving commitments by $250M, eases covenants through 2025
Revolving commitments reduced to $1.5B from $1.75B; $450M term loan prepayment required by Sept 30, 2023 to avoid margin increases.
Seagate approves $150M restructuring plan, CEO/CFO take 100% pay cut, EVP departs
Restructuring plan approved: ~$150M pre-tax charges, primarily severance; expected annualized savings of ~$200M starting Q1 FY2024.
Seagate settles BIS allegations over Huawei sales; to pay $300M over 5 years
Seagate agrees to pay $300M to U.S. Dept. of Commerce in $15M quarterly installments starting Oct 2023.
Seagate expands restructuring plan, cutting 480 more jobs; EVP Ravi Naik to depart
Expanded restructuring plan adds ~480 job cuts (1% of global headcount) across multiple functions and locations.
On May 5, 2026, Mr. Michael R. Cannon notified the Board of Directors (the “Board”) of Seagate Technology Holdings, plc (the “Company”) that he has decided not to stand for re-election to the Board at the Company’s 2026 Annual General Meeting of Shareholders (the “Annual Meeting”).
On May 2, 2025, Ms. Judy Bruner notified the Board of Directors (the “Board”) of Seagate Technology Holdings, plc (the “Company”) that she has decided not to stand for re-election to the Board at the Company’s 2025 Annual General Meeting of Shareholders (the “Annual Meeting”).
On August 23, 2024, Mr. Robert A. Bruggeworth notified the Board of Directors (the “Board”) of Seagate Technology Holdings, plc (the “Company”) that he has decided not to stand for re-election to the Board at the Company’s 2024 Annual General Meeting of Shareholders (the “Annual Meeting”).
On December 26, 2023, Katherine E. Schuelke, Senior Vice President, Chief Legal Officer and Corporate Secretary notified Seagate Technology Holdings plc (the “Company”) that she will be leaving the Company effective January 15, 2024 to pursue other opportunities.
Laurie Webb, Vice President, Legal and Chief Compliance Officer of the Company, will serve as interim Chief Legal Officer following Ms. Schuelke’s departure until a permanent Chief Legal Officer is appointed.
On July 18, 2023, Edward J. Zander notified the Board of Directors (the “Board”) of Seagate Technology Holdings plc (the “Company”) that he will retire from the Board and will not stand for reelection at the 2023 Annual General Meeting of Shareholders (the “2023 AGM”).
Jeffrey D. Nygaard, Executive Vice President of Operations and Technology, will leave the Company effective May 1, 2023.
On March 29, 2023, the Company announced that in connection with the expanded Plan, Ravi Naik, Executive Vice President, Storage Services, will leave the Company effective April 3, 2023.
On November 9, 2022 (the “ Effective Date ”), the Board of Directors (the “ Board ”) of Seagate Technology Holdings plc (“ Seagate ”) appointed Robert (Bob) Bruggeworth to serve as a director of Seagate.
On August 23, 2022 (the “ Effective Date ”), the Board of Directors (the “ Board ”) of Seagate Technology Holdings plc (“ Seagate ”) appointed Richard (Rick) Clemmer to serve as a director of Seagate.
On March 25, 2022, Mark Adams notified the Board of Directors (the “Board”) of Seagate Technology Holdings plc (the “Company”) that he will retire from the Board and will not stand for reelection at the 2022 Annual General Meeting of Shareholders (the “2022 AGM”).
appointed Yolanda Lee Conyers to serve as a director of Seagate.
Max materiality 0.80 · Median 0.53 · Most common event debt