Western Digital 8-K: Item 5.02 Event Reported Dec 28, 2023
Ticker: WDC · Form: 8-K · Filed: Jan 4, 2024 · CIK: 106040
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, corporate-governance
TL;DR
**WDC filed an 8-K on Dec 28, 2023, likely signaling executive or compensation changes.**
AI Summary
Western Digital Corporation filed an 8-K on January 4, 2024, reporting an event that occurred on December 28, 2023. This filing is under Item 5.02, which typically covers changes in directors or officers or their compensation. While the specific details of the event are not provided in the excerpt, this type of filing is important for investors as it signals potential shifts in leadership or executive compensation, which can impact the company's strategic direction and financial health.
Why It Matters
Changes in executive leadership or compensation can signal strategic shifts or financial health concerns, directly influencing investor confidence and the company's future performance.
Risk Assessment
Risk Level: medium — The filing indicates a significant event related to executive changes or compensation, which can introduce uncertainty regarding future company direction.
Analyst Insight
Investors should await further details regarding the specific changes in directors, officers, or compensatory arrangements to assess the potential impact on Western Digital's strategy and financial outlook.
Key Players & Entities
- WESTERN DIGITAL CORPORATION (company) — the registrant filing the 8-K
- December 28, 2023 (date) — date of the earliest event reported
- January 4, 2024 (date) — date the 8-K was filed
- WDC (company) — trading symbol for Western Digital Corporation
- The Nasdaq Stock Market LLC (company) — exchange where WDC common stock is registered
FAQ
What is the purpose of this 8-K filing by Western Digital Corporation?
This 8-K filing by Western Digital Corporation is a 'Current Report' pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting an event under Item 5.02, which covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
When did the event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on December 28, 2023.
What is Western Digital Corporation's trading symbol and where is its stock registered?
Western Digital Corporation's trading symbol is WDC, and its Common Stock, $0.01 Par Value Per Share, is registered on The Nasdaq Stock Market LLC (Nasdaq Global Select Market).
What is the business address of Western Digital Corporation?
The business address of Western Digital Corporation is 5601 Great Oaks Parkway, San Jose, California, 95119.
What is the Commission File Number for Western Digital Corporation?
The Commission File Number for Western Digital Corporation is 001-08703.
Filing Stats: 441 words · 2 min read · ~1 pages · Grade level 12.4 · Accepted 2024-01-04 16:03:01
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value Per Share WDC The Nasdaq
Filing Documents
- d122212d8k.htm (8-K) — 21KB
- g122212g0104114739993.jpg (GRAPHIC) — 3KB
- 0001193125-24-002432.txt ( ) — 144KB
- wdc-20231228.xsd (EX-101.SCH) — 3KB
- wdc-20231228_lab.xml (EX-101.LAB) — 17KB
- wdc-20231228_pre.xml (EX-101.PRE) — 11KB
- d122212d8k_htm.xml (XML) — 3KB
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WESTERN DIGITAL CORPORATION By: /s/ Michael C. Ray Name: Michael C. Ray Title: Executive Vice President, Chief Legal Officer and Secretary Date: January 4, 2023