Summary
This Form 8-K filing from Western Digital Corporation (WDC) on July 7, 2014, primarily announces the appointment of Paula Price to the Company's Board of Directors. Ms. Price was appointed on July 3, 2014, and will serve until the next annual stockholder meeting. She has also been appointed to the Audit Committee of the Board. Investors should note that Ms. Price's appointment is standard, with no unusual arrangements or undisclosed interests. She will receive compensation according to the company's established non-employee director program and will be covered by the company's standard director indemnity agreement. The information was formally disseminated via a press release on July 7, 2014, which is attached as an exhibit.
Key Highlights
- 1Appointment of Paula Price to the Board of Directors, effective July 3, 2014.
- 2Ms. Price will serve as a director until the Company's next annual meeting of stockholders.
- 3Ms. Price has been appointed to the Audit Committee of the Board of Directors.
- 4No unusual arrangements or material interests were disclosed regarding Ms. Price's appointment.
- 5Ms. Price will be compensated according to the company's standard non-employee director compensation program.
- 6The company is entering into its standard form of indemnity agreement with Ms. Price.
- 7The appointment was formally announced via a press release on July 7, 2014, attached as Exhibit 99.1.
Frequently Asked Questions
Paula Price has been appointed as a new member of Western Digital Corporation's Board of Directors. The filing states there are no special arrangements or understandings behind her appointment, suggesting it's a standard addition to the board.
Ms. Price will serve as a director until the company's next annual stockholder meeting. Additionally, she has been appointed to the Audit Committee of the Board of Directors.
No, Ms. Price will receive compensation in accordance with the company's standard compensation program for non-employee directors. Her compensation details are referenced in previous filings.
The filing explicitly states that Ms. Price has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K, indicating no apparent conflicts of interest.