NTAP

Business Context and Reporting Period

This Form 8-K filing by NetApp, Inc. was submitted on May 17, 2017. The report details the approval of fiscal year 2018 (FY18) cash compensation terms for the company's named executive officers by the Compensation Committee of the Board of Directors.

Key Financial Metrics

This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. It is strictly a disclosure regarding executive compensation adjustments.

Material Changes Versus Prior Period

• CEO Compensation: George Kurian's target incentive compensation award increased from 160% of base salary in FY17 to 170% in FY18.
• Other Executives: Target incentive compensation percentages for Ronald J. Pasek, Henri Richard, Joel Reich, and Matthew K. Fawcett remained unchanged from FY17 to FY18.
• Salary Adjustments: The filing notes a salary increase effective April 29, 2017, for the named officers, though specific prior salary figures are not provided in this text.

Guidance, Outlook, and Management Commentary

The filing contains no financial guidance, market outlook, risk factors, or contingencies. Management commentary is limited to the formal approval of the FY18 compensation structure, noting that incentive awards are subject to the terms of the Company's Executive Compensation Plan.

Important Facts for Investor Verification

• Verify the specific base salary amounts for FY18 against prior filings to calculate the total compensation impact of the April 29, 2017 increase.
• Confirm the performance metrics tied to the 170% target incentive for the CEO and 110%/80% targets for other officers under the Executive Compensation Plan.
• Review the full FY18 compensation package, as this filing only discloses cash compensation (salary and target incentive) and excludes equity awards or other benefits.