SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|Date of Report (Date of Earliest Event Reported):||January 23, 2013|
Western Digital Corporation
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|of incorporation)||File Number)||Identification No.)|
|3355 Michelson Drive, Suite 100, Irvine, California||92612|
(Address of principal executive offices)
|Registrants telephone number, including area code:||(949) 672-7000|
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.05 Costs Associated with Exit or Disposal Activities.
On January 23, 2013, Western Digital Corporation (the "Company") communicated to U.S.-based employees of its WD subsidiary that it was instituting a voluntary separation program (the "Program") intended to help realign its cost structure with a softer demand environment. Employees who apply for and are accepted in the Program will receive enhanced separation benefits based on job level and, in some cases, length of service. Executive officers of the Company are not eligible for the Program.
The Company currently does not know the number or job levels of employees that will participate in the Program. Therefore, at this time the Company is unable to estimate the charges it will incur in connection with the Program, although it expects charges will consist of cash severance and other one-time termination benefits. The Company expects to complete the Program by the first quarter of fiscal 2014 and will provide an estimate of the amount or range of charges expected to be incurred when a good faith determination can be made.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Western Digital Corporation|
|January 23, 2013||By:||
/s/ Michael C. Ray
|Name: Michael C. Ray|
|Title: Senior Vice President, General Counsel and Secretary|