{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-026907","form_type":"8-K/A","ticker":"WDC","cik":"0000106040","company_name":"WESTERN DIGITAL CORP","filed_at":"2023-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.734318+00:00","generated_at":"2026-06-19T22:24:30.914948+00:00","sec_items":["1.01","3.02","5.02","5.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Western Digital raises $900M via convertible preferred from Apollo and Elliott","bullets":["Issued $900M Series A Convertible Perpetual Preferred: Apollo $665M, Elliott $235M.","Preferred pays 6.25% dividend, stepping to 7.25% (yr 7) then 8.25% (yr 10); convertible at $47.75.","Reed B. Rayman (Apollo) appointed to board; Elliott gets board nomination rights until 2025.","Investors subject to 3-year transfer restrictions and standstill provisions.","This amendment fixes a typo in the original 8-K; no other changes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-026907","json":"https://secwatch.observer/filing/0001193125-23-026907.json","markdown":"https://secwatch.observer/filing/0001193125-23-026907.md","text":"https://secwatch.observer/filing/0001193125-23-026907.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/106040/000119312523026907/0001193125-23-026907-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/106040/000119312523026907/d419870d8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T22:24:30.914948+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20b2c58afb","claim":"Reed B. Rayman was appointed as Director at WESTERN DIGITAL CORP.","evidence_excerpt":"Pursuant to the Apollo Investment Agreement, Reed B. Rayman was appointed to serve as a member of the Board effective immediately following the Closing.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/106040/000119312523026907/0001193125-23-026907-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2373c0e8d78e36937b01b0b12ea9b70c0bbd11a4","claim":"WESTERN DIGITAL CORP: The Company filed a Certificate of Designations to establish and fix the terms of the Preferred Stock.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/106040/000119312523026907/0001193125-23-026907-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"96e23aa2c9c175853a7f18f9142150543b85407a","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/106040/000119312523026907/0001193125-23-026907-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"AP WD Holdings, L.P., a Delaware limited partnership"},{"label":"Value","value":"$665,000,000"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"},{"claim_id":"ba57f8da4884a2b5efbc410f183ed4f7c9cdd227","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/106040/000119312523026907/0001193125-23-026907-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Elliott Associates L.P. and Elliott International L.P. (collectively “Elliott”)"},{"label":"Value","value":"$235,000,000"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}