Short answer
Western Digital (WDC) filed an 8-K current report with the SEC on February 24, 2026 reporting Item 5.03 (Amendments to Articles of Incorporation or Bylaws), Item 8.01 (Other Events). Series A Convertible Perpetual Preferred Stock formally eliminated Feb 24, 2026 via Delaware Certificate of Elimination.
Western Digital 8-K event analysis
AI summary of each reported item and its exhibits
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
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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