Current Report Filing (8-k)
May 22 2017 - 4:08PM
Edgar (US Regulatory)
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): May 17, 2017
NetApp, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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0-27130
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77-0307520
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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495 East Java Drive
Sunnyvale, CA 94089
(Address of principal executive offices) (Zip Code)
(408) 822-6000
(Registrants 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):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to
Rule 14a-12
under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to
Rule 14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to
Rule 13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in 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 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(e)
Fiscal 2018 Compensation
On May 17, 2017, the Compensation Committee (the Committee) of the Board of Directors of NetApp, Inc. (the Company) approved the
fiscal year 2018 (FY 18) terms of cash compensation for the named executive officers identified below in the amounts reflected below:
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Named Executive Officer
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FY18 Salary (1)
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FY18 Target
Incentive
Compensation
Award (2) (3)
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George Kurian
Chief Executive Officer and President
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$925,000
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170%
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Ronald J. Pasek
Executive Vice President and Chief Financial Officer
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$585,000
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110%
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Henri Richard
Executive Vice President, Worldwide Field and Customer Operations
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$575,000
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110%
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Joel Reich
Executive Vice President, Product Operations
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$513,000
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110%
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Matthew K. Fawcett
Senior Vice President, General Counsel and Secretary
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$520,000
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80%
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(1)
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Increase effective April 29, 2017.
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(2)
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Expressed as a target percentage of base salary. Incentive compensation for the Companys named executive officers will be established pursuant and subject to the terms of the Companys Executive Compensation
Plan.
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(3)
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All target incentive compensation amounts, other than Mr. Kurians, are unchanged from fiscal year 2017. Mr. Kurians fiscal year 2017 target incentive compensation award was 160%.
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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.
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NETAPP, INC.
(Registrant)
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Date: May 22, 2017
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By:
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/s/ Matthew K. Fawcett
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Matthew K. Fawcett
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Senior Vice President, General
Counsel and
Corporate Secretary
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