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Form 8-K · Current Report · Filed 2024-05-14

Western Digital Approves Major Charter and Bylaw Amendments

Western Digital Corporation held a special meeting of stockholders on May 10, 2024, where they approved several amendments to the company charter and bylaws.

Filer
Western Digital Corporation WDC · NASDAQ
Filed
Accession
0001193125-24-138274
CIK
0000106040
Signal
High impactTechnology

Details

Key amendments included increasing the authorized shares of common stock, exculpating officers from personal liability, and modifying voting provisions for a subsidiary. The amendments were approved by a significant majority of votes, and the necessary certificates of amendment were filed and became effective on May 13, 2024.

Items reported

Item 3.03

Material Modification to Rights of Security Holders

Material Modification of Rights of Security Holders
Item 5.03

Amendments to Articles of Incorporation or Bylaws

Articles of Incorporation Amendment Bylaw Amendment
Item 5.07

Submission of Matters to a Vote of Security Holders

Director Elections Results Equity Plan Approved
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$53.64

Next session

+6.7%

Since filing

+915.7%

Latest close

$544.84

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from WDC reporting the same item, with the next session's move:

Exhibits (2)

About Western Digital Corporation

Western Digital Corporation is a global leader in data storage solutions, specializing in designing, manufacturing, and marketing high-performance hard drives and solid-state drives for a variety of applications. As one of the key players in the data storage industry, Western Digital's primary function is to provide reliable and innovative storage products that serve consumer, business, and enterprise needs. Its product portfolio encompasses solutions for desktop and notebook computers, data centers, and the embedded and removable storage market through brands like WD and SanDisk. Western Digital plays a crucial role in sectors such as cloud computing, data infrastructure, and mobile device manufacturing, catering to the ever-growing demand for efficient data storage and management technologies. The company's commitment to research and development has positioned it at the forefront of technological advancements, helping to drive the innovations required to manage the digital information explosion effectively. Founded in 1970 and headquartered in San Jose, California, Western Digital continues to influence industry standards, making significant contributions to the infrastructure that powers today's digital world.

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