Western Digital Corporation · NASDAQ:WDC
Western Digital — Shareholder Meeting (November 2020)
10 slides from Western Digital's shareholder meeting presentation, Nov 4, 2020
Slide 1: Stockholder Update Fall 2020
Stockholder Update Fall 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties, including, but not limited to, statements regarding the company’s product portfolio and growth opportunities, as well as expectations regarding our CEO’s future performance, market
Slide 3: Global Data Infrastructure Leader
Headquarters: San Jose, CA Employees: ~64,000 Patents: ~13,500 Revenue: $16.7 Billion1 Addressable Market: $65 Billion in 2019 to $128 Billion by 20252 Global Data Infrastructure Leader The ongoing digital transformation is reshaping companies across every industry and how we live our daily lives. T
Slide 4: Thorough Independent Approach to CEO Search
Thorough Independent Approach The Board appointed a special search committee led by Stephanie Streeter to oversee the CEO search process The Board also engaged a leading executive search firm to assist in the process, and identified a diverse pool of external and internal candidates to evaluate Sear
Slide 5: CEO Compensation Arrangement Considerations
In considering the appropriate structure and value of Mr. Goeckeler’s compensation arrangement, the Board considered: The competitive market in our industry, and in particular Silicon Valley, and the need to attract top-tier talent How awards could be structured to align Mr. Goeckeler’s interests wi
Slide 6: Stockholder Engagement Helps Inform Compensation Design
We contacted stockholders holding greater than 45% of shares outstanding in each of the last three years to offer engagements Over the past year, we reached out to over 30 of our stockholders representing approximately 60% of shares outstanding. We conducted calls with 14 of our top 25 holders, as w
Slide 7: Executive Compensation Pay Elements
Pay Element Vehicle Measurement Period Performance Link Base Salary Cash Competitive with market/industry practices; adjusted for experience, responsibility, potential and performance Short-Term Incentives Cash One year Non-GAAP Operating Income (50%) better reflects core operations by excluding tax
Slide 8: Experienced Board Provides Strong Oversight
Experienced Board Provides Strong Oversight Our Board is highly engaged and well-qualified, with diverse skillsets to effectively oversee our business strategy 1Calculation includes Paula Price's tenure as a director from July 2014 to February 2019 Gender Diversity Women in Board Leadership Roles: L
Slide 9: 2020 Annual Meeting Ballot Items
2020 Annual Meeting Western Digital values your support on the 2020 ballot items Our Board recommends: A vote FOR Proposal 1 to elect each of the eight director nominees named in the proxy statement A vote FOR Proposal 2 to approve on an advisory basis the compensation of the Company’s named executi
Slide 10: Western Digital
Western Digital.
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