Business Context and Reporting Period
This Form 8-K is a current report filed by Network Appliance Inc. (NetApp) on August 31, 2006. The filing addresses corporate governance changes, specifically the departure of a director and an amendment to the company's bylaws.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance events and does not contain financial performance data.
Material Changes
- Director Departure: Dr. Sachio Semmoto completed his term as a Director on August 31, 2006, and is not running for re-election. He served on the Board since December 1999.
- Bylaw Amendment: On August 31, 2006, the Board amended the Company's bylaws to decrease the number of authorized directors from eleven (11) to ten (10).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to reporting the specific governance events listed above.
Key Facts for Investor Verification
- Confirm the effective date of Dr. Semmoto's departure (August 31, 2006).
- Verify the reduction in authorized board seats from 11 to 10 via the Certificate of Amendment to Bylaws (Exhibit 3.2).
- Note that no financial results or operational guidance are included in this specific filing.