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Incentive Compensation Plan of $905,625 for Steve Milligan

President and CEO of Western Digital Corp.

On a SEC filing, Western Digital Corp.www.wdc/.com wrote:

As previously disclosed in a Form 8-K filed with the SEC on August 14, 2013, each of the executive officers of the company is eligible to receive a bonus award under the company’s Incentive Compensation Plan (ICP) in an amount ranging from 0% to 200% of the executive’s target bonus opportunity for the six-month period ended December 27, 2013 based upon the company’s performance during such period as measured against pre-established goals, and subject to upward or downward adjustment in the discretion of the Compensation Committee depending upon the executive’s individual and business group’s performance.

Effective January 17, 2014, for each executive officer the Compensation Committee determined the achievement and payout rate for the applicable performance goals under the ICP for the six-month period ended December 27, 2013.

The Compensation Committee approved an incremental upward adjustment to the payout rate resulting in an ICP bonus to:

  • Steve Milligan, president and CEO, $905,625
  • Tim Leyden, CFO, $442,750
  • Jim Murphy, president, WD subsidiary, $305,708
  • and Mike Cordano, president, HGST subsidiary, $481,250
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