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Form 8-K · Current Report · Filed 2024-11-25

Western Digital Annual Meeting: Equity Plan Approved, Directors Elected

At the annual meeting held on November 20, 2024, Western Digital Corporation's stockholders approved the amendment and restatement of the 2021 Long-Term Incentive Plan, increasing the shares available for issuance by 6 million.

Filer
Western Digital Corporation WDC · NASDAQ
Filed
Accession
0001193125-24-265164
CIK
0000106040
Signal
Medium impactTechnology

Details

The election of directors saw overwhelming support, with all eight nominees receiving more than 99% approval. Additionally, the advisory vote on named executive officer compensation and the ratification of KPMG LLP as the independent registered public accounting firm for fiscal 2025 also received significant support.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

No viable tag
Item 5.07

Submission of Matters to a Vote of Security Holders

Equity Plan Approved Director Elections Results
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$50.21

Next session

+9.9%

Since filing

+985.1%

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 (1)

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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