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Form 8-K · Current Report · Filed 2025-01-16

Western Digital CFO to Resign Following Business Separation

On January 10, 2025, Western Digital Corporation announced that its Executive Vice President and CFO, Wissam Jabre, will resign effective February 28, 2025, following the separation of its flash business.

Filer
Western Digital Corporation WDC · NASDAQ
Filed
Accession
0001193125-25-007725
CIK
0000106040
Signal
High impactTechnology

Details

Additionally, the company reported that its second fiscal quarter revenue is expected to be at the mid-point of the previously issued guidance range, with non-GAAP diluted EPS at the lower end of guidance due to a challenging pricing environment in the flash business.

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 5.02

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

CFO Resignation

Market reaction

Close before filing

$48.85

Next session

+0.6%

Since filing

+1015.3%

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:

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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