Western Digital CORP 8-K filings

Western Digital has registered for resale 235,000 shares of preferred stock and 10 million shares of common stock issuable upon conversion of the preferred stock.

Western Digital's fourth quarter revenue reached $3.76 billion, driven by a 21% sequential increase in cloud revenue.

Western Digital's Compensation and Talent Committee has approved adjustments to the annual base salary and long-term incentive targets for its Chief Financial Officer and Executive Vice President and General Manager, Flash, effective June 29, 2024.

Western Digital shareholders approved amendments to the company's charter, increasing authorized common stock and limiting officer liability for breaches of duty of care.

Western Digital reported a strong fiscal third quarter with revenue up 14% sequentially, driven by a 45% increase in cloud revenue.

Western Digital is progressing with its plan to separate into two independent companies, appointing key executives for both the HDD and Flash businesses, with the separation targeted for the second half of 2024.

Western Digital has agreed to sell an 80% stake in its Shanghai-based semiconductor subsidiary to JCET for $624 million, forming a joint venture.

Western Digital's fiscal second quarter saw a 10% sequential revenue increase, driven by cloud growth, but the company still reported a net loss.