Firm Plans More Shares

IRVINE — Western Digital Corp., which recently completed what executives called “the finest performance in company history,” announced plans Monday to increase the authorized shares of common stock to 225 million from 95 million.

The disk drive manufacturer said the proposal is designed to make more shares available to meet future “business needs.” A special stockholders’ meeting has been scheduled March 11 at the company’s headquarters to consider the proposal.

Western Digital last week said earnings for the second fiscal quarter surged 76% to a record high as sales surpassed $1 billion for the first time.