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): AUGUST 25, 2003
WESTERN DIGITAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-08703 33-0956711
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
20511 LAKE FOREST DRIVE, LAKE FOREST, CALIFORNIA 92630
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (949) 672-7000
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
TABLE OF CONTENTS
Item 12. Results of Operations and Financial Condition.
SIGNATURES
INDEX TO EXHIBITS
EXHIBIT 99.1
================================================================================
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
The information in this Current Report, including the exhibit, is being
furnished and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. The information in this Current Report, including
the exhibit, shall not be deemed to be incorporated by reference into the
filings of the registrant under the Securities Act of 1933, as amended.
On August 25, 2003, Western Digital Corporation issued a press release
announcing the settlement of its litigation with Cirrus Logic Inc. In connection
with the settlement, Western Digital will make a one-time payment of $45 million
to Cirrus on or before October 17, 2003. Western Digital had previously recorded
an obligation totaling approximately $26.5 million relating to this dispute. The
difference of approximately $18.5 million between the settlement amount and the
amount previously recorded will be reflected as a charge to cost of revenue in
the fourth quarter ended June 27, 2003. A copy of the press release making this
announcement is attached hereto as Exhibit 99.1 and incorporated herein by
reference. Updated statements of income and balance sheets are attached to the
press release attached hereto as Exhibit 99.1.
SIGNATURES
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
By: /s/ Raymond M. Bukaty
---------------------------------
Raymond M. Bukaty
Vice President, General
Counsel and Secretary
Dated: August 25, 2003
INDEX TO EXHIBITS
EXHIBIT DESCRIPTION
----------- ------------------------------------------------------------------
99.1 Press Release issued by Western Digital Corporation on
August 25, 2003 announcing settlement of litigation and financial
results for fourth fiscal quarter and fiscal year ended June 27,
2003.