Seagate shareholders approve equity plan changes and elect 11 directors at 2025 AGM
At its annual general meeting on October 25, 2025, Seagate shareholders approved amended employee stock purchase and equity incentive plans, which add 10,000,000 and 3,800,000 ordinary shares to their reserves, respectively. All eleven director nominees were elected, and every proposal on the ballot was approved. Larger share reserves give the company more room to grant employee equity, which can dilute existing shareholders.
Key points
- Amended ESPP: 10,000,000 additional ordinary shares reserved; approved with 166,768,333 votes for and 541,056 against.
- 2022 Equity Incentive Plan: 3,800,000 additional shares reserved, incentive stock option limit raised to 17,800,000, and expiration date removed.
- All 11 directors elected to serve until the 2026 annual general meeting.
- Advisory say-on-pay vote approved with 159,046,609 votes for and 7,719,494 against; Ernst & Young LLP ratified as auditors for the fiscal year ending July 3, 2026.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.