Western Digital Corporation
Western Digital Corp Converts Preferred Stock to Common Stock
Summary
On February 17, 2026, Western Digital Corporation converted all outstanding shares of its Series A Convertible Perpetual Preferred Stock into shares of Common Stock, as mandated by the Certificate of Designations, following the closing price of Common Stock exceeding 150% of the Conversion Price for at least twenty trading days in any period of thirty consecutive trading days. This conversion is a material modification to the rights of security holders.
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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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