Current Report Filing (8-k)
June 06 2016 - 4:19PM
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 31, 2016
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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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
(e)
Fiscal 2017 Compensation
On May 31, 2016, the
Compensation Committee (the Committee) of the Board of Directors of NetApp, Inc. (the Company) approved the fiscal year 2017 (FY 17) compensation for the named executive officers identified below in the amounts
reflected below:
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FY 17 Base Salary (1)
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FY 17 Executive Incentive Plan
Target (2)
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George Kurian
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$
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875,000
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*
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160
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%*
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Matthew K. Fawcett
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$
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500,000
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*
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80
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%**
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(1)
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Effective April 30, 2016
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(2)
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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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*
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Increase over fiscal year 2016
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**
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No change from fiscal year 2016
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Also on May 31, 2016, the Committee approved a discretionary bonus award
for the named executive officers identified below in the amounts reflected below:
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Discretionary Bonus Amount
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George Kurian
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$
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44,990
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Matthew K. Fawcett
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$
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20,529
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Robert E. Salmon
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$
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41,700
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The discretionary bonus awards were awarded outside of the Companys Executive Compensation Plan and will be paid, less
applicable withholdings, in the Companys next payroll.
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.
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Date: June 6, 2016
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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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