secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001193125-25-017188
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital names Irving Tan CEO and three new directors, effective upon flash spin-off
--------------------------------------------------------------------------------

- CEO David Goeckeler resigns upon spin-off completion; Irving Tan appointed as CEO.
- Directors Goeckeler, Caulfield, Suzuki resign to join Sandisk board; Tan, Kiddoo, Oulman appointed to WDC board.
- Tan's base salary set at $1M, target bonus 150%, promotion equity award $6.5M, FY26 LTI expected $11.5M.
- New directors assigned to committees: Kiddoo (Governance, Audit), Oulman (Compensation, Audit), Tan (Executive chair).
- Board approved new form of indemnification agreement for directors and officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312525017188/0001193125-25-017188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312525017188/d916996d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-017188

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer