8-KEarnings & ResultsExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Financial Results (Oct 28, 2015)

Filed October 28, 2015For Securities:WDC

Summary

This Form 8-K filing by Western Digital Corporation (WDC) on October 28, 2015, primarily serves to announce the company's financial results for its first fiscal quarter ended October 2, 2015. While the 8-K itself doesn't contain the detailed financial figures, it references an attached press release (Exhibit 99.1) and a quarterly fact sheet (Exhibit 99.2) which provide these operational and financial updates for investors to review. Significantly, the filing also includes extensive forward-looking statements. These statements discuss the company's product positioning, anticipated benefits and integration timelines for HGST, and importantly, elaborate on the proposed merger with SanDisk. Investors are cautioned that these forward-looking statements are subject to various risks and uncertainties, and actual results may differ materially. The filing also outlines where investors can find more detailed information regarding the SanDisk merger, including upcoming filings like the Form S-4 registration statement and joint proxy statement/prospectus.

Key Highlights

  • 1Western Digital announced its financial results for the first fiscal quarter ended October 2, 2015.
  • 2The filing incorporates by reference a press release (Exhibit 99.1) and a quarterly fact sheet (Exhibit 99.2) containing the detailed financial results.
  • 3The report contains numerous forward-looking statements regarding product positioning, HGST integration, and the proposed merger with SanDisk.
  • 4Investors are cautioned about the inherent uncertainties and risks associated with these forward-looking statements, which could lead to material differences in actual results.
  • 5The document provides guidance on where to find important additional information concerning the proposed merger with SanDisk, including SEC filings such as the Form S-4 registration statement and joint proxy statement/prospectus.
  • 6Information regarding participants in the solicitation for the SanDisk merger is also referenced, directing investors to relevant proxy statements.

Frequently Asked Questions

This Form 8-K filing announces the financial results but does not provide the specific figures directly. Investors should refer to Exhibit 99.1 (Press Release) and Exhibit 99.2 (Quarterly Fact Sheet) which are incorporated by reference into this filing for detailed financial information regarding revenue, profitability, and other key metrics for the quarter.

The filing contains extensive forward-looking statements related to Western Digital's product and technology positioning, the integration of HGST, and importantly, the proposed merger with SanDisk. These statements discuss anticipated benefits, timing, financing, and potential outcomes of these strategic initiatives.

Investors are strongly cautioned that forward-looking statements are subject to significant risks and uncertainties. These include, but are not limited to, global economic volatility, competitive pressures, commodity costs, technological advancements, and specific risks related to the SanDisk merger such as shareholder approvals, integration challenges, and potential litigation. Actual results may differ materially from projections.

The filing indicates that Western Digital intends to file a Form S-4 registration statement with the SEC, which will contain a preliminary joint proxy statement/prospectus. This document, along with other SEC filings from both Western Digital and SanDisk, will be available on the SEC's website and the companies' respective websites. Investors are urged to read these documents for important information about the merger.