Summary
Seagate Technology Holdings plc (STX) announced on January 24, 2022, the appointment of Yolanda Lee Conyers as a new independent director to its Board of Directors. Ms. Conyers will also serve on the compensation committee, bringing valuable experience to the company's governance. Her appointment is effective immediately and she is expected to stand for election by shareholders at the next annual general meeting. Ms. Conyers will receive standard compensation for non-employee directors, including an annual cash retainer and a restricted share unit grant, along with an additional annual amount for her committee service. This move strengthens the Board's composition and commitment to independent oversight.
Key Highlights
- 1Yolanda Lee Conyers appointed as an independent director to the Board of Directors, effective January 24, 2022.
- 2Ms. Conyers will also serve on the compensation committee of the Board.
- 3Her appointment was made upon the recommendation of the nominating and corporate governance committee.
- 4Ms. Conyers has been determined to be independent under Nasdaq listing rules.
- 5She will participate in the standard non-employee director compensation plan, including an annual cash retainer and restricted share unit grant.
- 6Additional compensation will be provided for her service on the compensation committee.
- 7There are no disclosed arrangements or understandings related to her selection, nor any material interests in transactions requiring disclosure.