SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 25, 2012
(Exact name of Registrant as specified in its charter)
495 East Java Drive
Sunnyvale, CA 94089
(Address of principal executive offices) (Zip Code)
(Registrants telephone number, including area code)
(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):
On May 25, 2012, the Compensation Committee (the Committee) of the Board of Directors of NetApp, Inc. (the Company) approved compensation packages for fiscal year 2013 for the Companys senior executives, including its named executive officers. For fiscal year 2013, the annual base salaries and target incentive compensation awards for the following named executive officers (including the Companys principal executive officer and principal financial officer) will be:
The fiscal year 2013 annual base salaries will become effective August 1, 2012, and target incentive compensation awards are effective as of April 28, 2012.
Incentive compensation for the Companys named executive officers has been established pursuant and subject to the terms of the Companys Executive Compensation Plan (the Plan), a copy of which was filed as an exhibit to the Companys Proxy Statement, dated August 20, 2009. Under the Plan, the funding of the bonus pool from which bonuses will be paid for fiscal 2013 will be based on the Companys actual achievement against annual revenue and operating profit targets, with revenue weighted 1/3rd and operating profit weighted 2/3rd.
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, thereunto duly authorized.