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Form 8-K · Current Report · Filed 2025-02-03

Western Digital Appoints Interim CFO

On January 30, 2025, Western Digital Corporation announced the appointment of Don R.

Filer
Western Digital Corporation WDC · NASDAQ
Filed
Accession
0001193125-25-019288
CIK
0000106040
Signal
High impactTechnology

Details

Bennett as Interim Chief Financial Officer, effective February 28, 2025, succeeding Wissam G. Jabre. Bennett, who has been with the company since 1995, will receive a temporary annual base salary of $525,000 and an annual target incentive award opportunity of 120% of his base salary. He will also be eligible for the company's Executive Severance Plan, Change in Control Plan, and other benefit programs.

Items reported

Item 5.02

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

New CFO Appointed

Market reaction

Close before filing

$49.23

Next session

-2.0%

Since filing

+1006.7%

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:

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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