Western Digital (WDC) 8-K Current Report: February 24, 2026
Filed: February 24, 2026
Industrials
Computer Storage DevicesWestern Digital (WDC) 8-K current report filed with SEC EDGAR on February 24, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items2 items
- Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Item 8.01: Other Events
Western Digital 8-K Feb 24, 2026 Event Analysis
Item 5.03 · Amendments to Articles of Incorporation or Bylaws
- • Series A Convertible Perpetual Preferred Stock formally eliminated Feb 24, 2026 via Delaware Certificate of Elimination
- • All preferred shares mandatorily converted to common stock on Feb 17, 2026 — zero preferred shares outstanding at elimination
- • Eliminated preferred shares revert to authorized-but-unissued preferred pool, preserving flexibility for future capital raises
- • Clean capital structure signal: removal of preferred overhang (conversion rights, liquidation preferences) is modestly shareholder-friendly
Item 8.01 · Other Events
- • WDC redeemed two senior note tranches in full: 2.850% Notes due 2029 and 3.100% Notes due 2032 (CUSIPs 958102AQ8 / 958102AR6)
- • Redemption triggered by repayment of separate debt on Feb 19, 2026, which released collateral liens securing both note series
- • Full deposit of redemption principal plus accrued interest made with Trustee on Feb 23, 2026 — transaction complete
- • Elimination of these fixed-rate obligations reduces WDC's long-term debt load and annual interest expense, a positive for credit profile and free cash flow
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