Seagate Technology Holdings Plc · NASDAQ:STX
Seagate Technology — Shareholder Meeting (August 2009)
4 slides from Seagate Technology's shareholder meeting presentation, Aug 26, 2009
Slide 1: Option Exchange Overview
Option Exchange Overview Shareholder Meeting: October 28, 2009 Pat O’Malley Chief Financial Officer
Slide 2: Why are we asking shareholders to approve a stock exchange?
Why are we asking shareholders to approve a stock exchange? Underwater stock options do not motivate and retain employees who are essential to our success Approximately 6,300 employees* are holding 51.3 million shares of which 60% are underwater based on a stock price of $11.84 on August 6, 2009 Und
Slide 3: Proposed Exchange Ratios
Proposed Exchange Ratios* 4 * The exchange ratios set out above were established based on an estimated price per common share at the time of the commencement of the Option Exchange of $13.00, and are generally intended to make the exchange of options in the Option Exchange approximately ‘‘value-for-
Slide 4: Important Legal Information
Option Exchange Overview 5 Important Legal Information The Option Exchange Program described in this communication has not yet commenced. Seagate will file a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (“SEC”) upon the commencement of the Option Exchange Program
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