Seagate 2004 Annual Report Download - page 112

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Table of Contents
bonus plan. The plan is intended to ensure the tax deductibility of the bonus for Seagate. The annual incentive awards for our named executive
officers, shown on the table below, were based on our board of directors’ assessment of our performance and the performance of each named
executive officer measured against previously set financial and strategic objectives. This assessment included a review of significant
accomplishments and strong business performance in a challenging and dynamic environment, as well as stock price performance during fiscal
year 2005.
The following table sets forth the cash bonus amounts for fiscal year 2005 for the executive officers William D. Watkins, Charles C.
Pope, David A. Wickersham, Brian S. Dexheimer and William L. Hudson, who will be included as the named executive officers in our 2005
annual proxy statement.
We intend to provide additional information regarding the compensation awarded to the named executive officers in respect of and during
the year ended July 1, 2005, in the proxy statement for our 2005 annual meeting of shareholders, which is expected to be filed with the
Securities and Exchange Commission on or about October 7, 2005.
In addition, on July 28, 2005, our board of directors approved a bonus in the amount of $250,000 to be paid to the chairman of our board
of directors, Stephen J. Luczo.
108
Executive and Position
Bonus
William D. Watkins, President and Chief Executive Officer
$
3,000,000
Charles C. Pope, Executive Vice President and Chief Financial Officer
$
1,750,000
David A. Wickersham, Executive Vice President and
Chief Operating Officer
$
2,000,000
Brian S. Dexheimer, Executive Vice President, Worldwide Sales,
Marketing and Customer Service
$
1,250,000
William L. Hudson, Executive Vice President, General Counsel and
Corporate Secretary
$
850,000