8-K
filed February 24, 2025, 6:59 PM ET
ticker SNDK
CIK 0002023554
other material
confidence high
sentiment neutral
materiality 0.90
Sandisk completes spin-off from Western Digital; begins trading on Nasdaq
Sandisk Corp
- Spin-off completed Feb 21, 2025; distribution of 1/3 share of Sandisk common per WDC share.
- Sandisk common stock (SNDK) began regular-way trading on Nasdaq on Feb 24, 2025.
- WDC retains 19.9% ownership post-spin; Sandisk no longer consolidated in WDC's financials.
- Entered $2.0B term loan (maturing 2032) and $1.5B revolver (maturing 2030); borrowed $2.0B, paid $1.5B dividend to WDC.
- Board expanded to nine directors; David Goeckeler remains CEO and Chair.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard B. Cassidy II was elected as Director at Sandisk Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
Richard B. Cassidy II Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David V. Goeckeler was appointed as Chief Executive Officer at Sandisk Corp.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
David V. Goeckeler Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ellyn J. Shook was elected as Director at Sandisk Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
Ellyn J. Shook Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Necip Sayiner was elected as Director at Sandisk Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
Necip Sayiner Director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Devinder Kumar was elected as Director at Sandisk Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
Devinder Kumar Director
View on SEC.gov
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