Summary
Western Digital Corporation (WDC) announced the appointment of two new independent directors to its Board of Directors, Dr. Thomas Caulfield and Ms. Miyuki Suzuki, effective July 6, 2021. Both will serve until the company's next annual meeting of stockholders. The appointments are part of the company's ongoing governance strategy and aim to enhance the board's expertise and oversight. Investors should note that these appointments do not appear to be related to any immediate operational changes or financial events, as there are no disclosed arrangements or material interests that would require further disclosure under SEC regulations. The new directors will be compensated according to the company's standard non-employee director compensation program, details of which are available in their October 2020 Proxy Statement.
Key Highlights
- 1Western Digital appointed Dr. Thomas Caulfield and Ms. Miyuki Suzuki to its Board of Directors.
- 2Both directors will serve until the company's next annual stockholder meeting.
- 3These appointments are effective as of July 6, 2021.
- 4There are no disclosed arrangements or understandings between the new directors and any other person regarding their appointment.
- 5Neither new director has any direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
- 6The new directors will receive compensation in line with the company's standard non-employee director compensation program.
- 7The company will enter into its standard form of indemnity agreement with each new director.