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WDC > SEC Filings for WDC > Form 8-K/A on 29-Mar-2013All Recent SEC Filings

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Form 8-K/A for WESTERN DIGITAL CORP


29-Mar-2013

Costs Associated with Exit or Disposal Activities


Item 2.05 Costs Associated with Exit or Disposal Activities.

Preliminary Note:

This Form 8-K/A amends and updates the disclosures made in the Form 8-K filed by Western Digital Corporation (the "Company") on January 23, 2013.

On January 23, 2013, the Company filed a Form 8-K to disclose that it was instituting a voluntary separation program (the "Program") intended to help realign its cost structure with prevailing market needs. At that time, the Company was unable to estimate the pre-tax cash and non-cash charges and total charges it expected to incur in connection with this action.

The Company now estimates that it will incur pre-tax charges of approximately $55 million related to cash severance and other termination benefits in connection with the Program. The Company expects to recognize substantially all of these charges by the fourth quarter of fiscal 2013. Approximately $52 million of these charges are expected to result in future cash expenditures.


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