Summary
Western Digital Corporation (WDC) has announced the appointment of Tunç Doluca to its Board of Directors, effective August 27, 2018. Mr. Doluca will serve until the company's next annual meeting of stockholders, at which point the Board expects to appoint him to the Compensation Committee, subject to his re-election. This appointment is a procedural update to the company's governance structure and does not appear to be related to any immediate financial or operational changes. Investors should note that Mr. Doluca's compensation will follow the standard program for non-employee directors, as previously disclosed in WDC's filings.
Key Highlights
- 1Tunç Doluca appointed as a new member of Western Digital's Board of Directors.
- 2Mr. Doluca's tenure as a director will last until the company's next annual meeting.
- 3The Board anticipates appointing Mr. Doluca to the Compensation Committee following his potential re-election at the annual meeting.
- 4No undisclosed arrangements or material interests exist between Mr. Doluca and the company.
- 5Mr. Doluca will be compensated according to the standard director compensation program.
- 6WDC will enter into its standard indemnity agreement with Mr. Doluca.