The company said stockholders approved an amendment to increase the number of authorized common shares from 450,000,000 to 750,000,000 at a special meeting held on May 10, 2024 (the Authorized Shares Amendment).

1. 01

   The company said stockholders approved an amendment to increase the number of authorized common shares from 450,000,000 to 750,000,000 at a special meeting held on May 10, 2024 (the Authorized Shares Amendment).

2. 02

   The company disclosed that the common stockholders, voting as a separate class on the authorized shares increase, cast 269,951,232 votes for, 10,121,745 against and 534,155 abstentions.

3. 03

   The company said stockholders and the board approved a charter amendment eliminating personal monetary liability of certain officers for breaches of the duty of care, as permitted by Section 102(b)(7) of the Delaware General Corporation Law, and that the amendment became effective on May 13, 2024.

4. 04

   The company disclosed that stockholders approved an amendment to the charter of its subsidiary Western Digital Technologies, Inc. (WDT) removing the pass-through voting provision, which required approval of the company's stockholders in addition to the company's vote as sole stockholder for WDT to take certain actions, with 258,656,753 votes for, 1,848,531 against and 719,266 abstentions.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.