Short answer
Western Digital (WDC) filed an 8-K current report with the SEC on June 3, 2026 reporting Item 3.02 (Unregistered Sales of Equity Securities), Item 8.01 (Other Events). $858.4 million of 3.00% convertible notes due 2028 targeted for exchange.
Western Digital 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- $858.4 million of 3.00% convertible notes due 2028 targeted for exchange
- Cash payment covers principal plus accrued interest, with remaining value settled in Western Digital shares
- Potential share issuance creates dilution, determined using June 3–4 volume-weighted average stock price
- Transaction reduces 2028 convertible debt and future interest obligations upon closing
- Closing expected on or after June 5, 2026, subject to customary conditions
Other items in this filing:
- Item 3.02: Unregistered Sales of Equity Securities
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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