secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001193125-25-033383
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital finalizes Sandisk spin-off, retains 19.9% stake; SNDK trading Feb 24
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- Spin-off completed Feb 21, 2025: each WDC share received 1/3 Sandisk share; WDC retains 19.9% stake.
- Sandisk (SNDK) began Nasdaq trading Feb 24; WDC continues as WDC.
- Sandisk paid $1.5B dividend to WDC pre-spin; WDC amended loan agreement, revolver cut from $2.25B to $1.25B.
- WDC leadership: Martin Cole named Board Chair; Bruce Kiddoo & Roxanne Oulman appointed directors.
- Don Bennett becomes interim CFO effective Feb 28; Irving Tan remains CEO; Chief Product Officer to be hired.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000119312525033383/0001193125-25-033383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000119312525033383/d847507d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-033383

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