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8-K/A filed February 7, 2023, 6:59 PM ET ticker WDC CIK 0000106040
debt confidence high sentiment positive materiality 0.75

Western Digital raises $900M via convertible preferred from Apollo and Elliott

WESTERN DIGITAL CORP

item 1.01item 3.02item 5.02item 5.03item 7.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Reed B. Rayman

Director
WDC · WESTERN DIGITAL CORP
Filed
February 7, 2023, 6:59 PM ET
Pursuant to the Apollo Investment Agreement, Reed B. Rayman was appointed to serve as a member of the Board effective immediately following the Closing.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Reed B. Rayman was appointed as Director at WESTERN DIGITAL CORP.

Action
appointed
Role
Director
Exact text from the filing
Pursuant to the Apollo Investment Agreement, Reed B. Rayman was appointed to serve as a member of the Board effective immediately following the Closing.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WESTERN DIGITAL CORP: The Company filed a Certificate of Designations to establish and fix the terms of the Preferred Stock.

Change
charter amendment
Exact text from the filing
On the Closing Date, the Company filed the Certificate of Designations with the Secretary of State of the State of Delaware to establish and fix the terms of the Preferred Stock. The Certificate of Designations became effective upon filing.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WESTERN DIGITAL CORP entered into Apollo Investment Agreement with AP WD Holdings, L.P., a Delaware limited partnership valued at $665,000,000 (effective 2023-01-31).

Action
entry
Agreement
equity purchase
Counterparty
AP WD Holdings, L.P., a Delaware limited partnership
Value
$665,000,000
Effective
2023-01-31
Exact text from the filing
On January 31, 2023 (the “Closing Date”), Western Digital Corporation (the “Company”), entered into an Investment Agreement (the “Apollo Investment Agreement”) with AP WD Holdings, L.P., a Delaware limited partnership (“Apollo”), a copy of which is attached hereto as Exhibit 10.1, pursuant to which the Company issued and sold to Apollo 665,000 shares of the Company’s Series A Convertible Perpetual Preferred Stock, par value $0.01 per share (the “Preferred Stock”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WESTERN DIGITAL CORP entered into Elliott Investment Agreement with Elliott Associates L.P. and Elliott International L.P. (collectively “Elliott”) valued at $235,000,000 (effective 2023-01-31).

Action
entry
Agreement
equity purchase
Counterparty
Elliott Associates L.P. and Elliott International L.P. (collectively “Elliott”)
Value
$235,000,000
Effective
2023-01-31
Exact text from the filing
On the Closing Date, the Company also entered into an Investment Agreement (the “Elliott Investment Agreement”) with Elliott Associates L.P., a Delaware limited partnership, and Elliott International L.P., a Cayman Islands limited partnership (collectively “Elliott”), a copy of which is attached hereto as Exhibit 10.2, pursuant to which the Company issued and sold to Elliott 235,000 shares of Preferred Stock
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29 governance changes filed in the last 30 days. Browse all governance changes →

WESTERN DIGITAL CORP filing history →

Source: SEC EDGAR
accession 0001193125-23-026907
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