UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 28, 2009
Western Digital Corporation
(Exact Name of Registrant as Specified in its Charter)
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Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
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001-08703
(Commission File Number)
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33-0956711
(I.R.S. Employer Identification No.) |
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20511 Lake Forest Drive
Lake Forest, California
(Address of Principal Executive Offices)
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92630
(Zip Code) |
(949) 672-7000
(Registrants Telephone Number, Including Area Code)
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On July 28, 2009, Western Digital Corporation (Western Digital) announced financial results
for the fourth fiscal quarter and fiscal year ended July 3, 2009. A copy of the press release
making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by
reference. A copy of Western Digitals Investor Information Summary for the fiscal quarter ended
July 3, 2009 is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
In Western Digitals press release attached as Exhibit 99.1 hereto and in its conference call
scheduled for 2:00 p.m. PDT/5:00 p.m. EDT today, Western Digital plans to report certain financial
information, including net income and earnings per share on both a GAAP and a non-GAAP basis for
the fiscal years ended July 3, 2009 and June 27, 2008, and for the fourth quarter ended July 3,
2009. These non-GAAP measures exclude significant gains or losses
that are non-operational and/or non-recurring in nature.
For example, the non-GAAP measures for the fourth quarter and fiscal year ended July 3, 2009
exclude in-process research and development charges related to Western Digitals acquisition of
SiliconSystems, Inc., restructuring charges, and related tax benefits and favorable settlements,
associated with Western Digitals restructuring plan announced on December 17, 2008, and a gain on
the sale of assets from Western Digitals media substrate manufacturing facility in Sarawak,
Malaysia. The non-GAAP measures for the fiscal year ended June 27, 2008 exclude taxes related to
the license of intellectual property to subsidiaries and in-process research and development
charges related to Western Digitals acquisition of Komag, Inc.
Because management believes these gains and losses may not be indicative
of ongoing operations, management believes that the
non-GAAP measures presented in the press release and during the conference call are useful to
investors as an alternative method for measuring Western Digitals operating performance and
comparing it against prior periods performance.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02,
including Exhibit 99.1 and Exhibit 99.2, shall not be deemed to be filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to
the liabilities of that section, and shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act of 1933, as amended (the Securities
Act), or the Exchange Act, except as shall be expressly set forth by specific reference in such
filing.
Item 9.01 Financial Statements and Exhibits.
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99.1 |
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Press Release issued by Western Digital Corporation on July 28, 2009 announcing
financial results for the fourth fiscal quarter and fiscal year ended July 3, 2009. |
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99.2 |
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Fourth Quarter Fiscal Year 2009 Western Digital Corporation Investor
Information Summary. |
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