8-KRegulation FDExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Regulation FD Disclosure (Jun 28, 2019)

Filed June 28, 2019For Securities:WDC

Summary

Western Digital Corporation (WDC) has filed an 8-K report to disclose a significant operational disruption affecting its flash fabrication facilities in Japan. An unexpected power outage on June 26, 2019, impacted production at the Yokkaichi region facilities, which are operated by the Company's joint venture partner, Toshiba Memory Corporation. This event, detailed in a press release furnished as an exhibit, could have implications for WDC's supply chain and product availability, particularly for flash memory components, which are critical for various electronic devices. Investors should monitor subsequent communications for details on the extent of the damage, the estimated duration of the production halt, and the potential financial impact on the company's revenue and profitability.

Key Highlights

  • 1WDC announced an unexpected power outage impacting its joint venture flash fabrication facilities in Yokkaichi, Japan.
  • 2The affected facilities are operated by Toshiba Memory Corporation, WDC's joint venture partner.
  • 3The event occurred on June 26, 2019, and production operations were disrupted.
  • 4This disclosure was made via an 8-K filing on June 27, 2019, with a press release attached as an exhibit.
  • 5The event is categorized under Regulation FD Disclosure (Item 7.01), meaning it's furnished, not formally filed.
  • 6Investors should anticipate potential impacts on the supply of flash memory products.

Frequently Asked Questions

An unexpected power outage in the Yokkaichi region of Japan on June 26, 2019, caused the disruption to production operations.

The power outage affected the flash fabrication facilities operated by Western Digital's joint venture partner, Toshiba Memory Corporation, in the Yokkaichi region.

While the filing doesn't specify the exact impact, production disruptions at key flash fabrication facilities can lead to reduced supply of flash memory products, potentially affecting revenue, profitability, and customer relationships. Investors should look for further updates from the company regarding the duration of the outage and any financial consequences.

No, the information provided under Item 7.01 (Regulation FD Disclosure) and its accompanying exhibit is furnished rather than officially filed. This means it's not subject to the same liability provisions under Section 18 of the Exchange Act, though it is still publicly disclosed.