01—Abstract
Summary
Summary of the 8-K/A filed August 27, 2026. Cited figures are marked; the original filing is the authoritative source.
Western Digital Corporation (WDC) has filed an amendment to its prior 8-K, providing an update on the previously announced exchange transactions involving its 3.00%a Convertible Senior Notes due 2028.
The company has confirmed that approximately $191.0 millionb aggregate principal amount of these notes will be exchanged for a combination of cash and shares of WDC common stock. This filing specifically discloses the exact number of common shares to be issued, which was not finalized at the time of the initial report.
02—Key points
Key Highlights
- WDC has finalized the number of common shares to be issued in its convertible note exchange program.
- Approximately $191.0 million in aggregate principal amount of 3.00% Convertible Senior Notes due 2028 are being exchanged.
- The exchange involves a combination of cash and shares of WDC common stock.
- A total of 4,653,572 shares of WDC common stock will be delivered in these transactions.
- This filing serves as an amendment to a previous 8-K filed on August 26, 2026, solely to provide the share count.
- The exchange transactions were privately negotiated with certain noteholders.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
This 8-K filing is an amendment to a previous filing. Its primary purpose is to disclose the exact number of Western Digital Corporation's common shares (4,653,572) that will be issued as part of an exchange transaction for its 3.00% Convertible Senior Notes due 2028.
How much in convertible debt is being addressed in this exchange?
Approximately $191.0 million in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2028 are involved in these exchange transactions.
What will the noteholders receive in exchange for their convertible notes?
The noteholders participating in these privately negotiated exchange transactions will receive a combination of cash and shares of Western Digital Corporation's common stock.
Why wasn't the number of shares disclosed in the original 8-K filing?
The exact number of shares to be delivered was not available at the time of the original 8-K filing because it was calculated based on the volume-weighted average price of WDC's common stock on August 26, 2026, which was determined after the initial filing.
04—Continue