KEY TRONIC CORP (KTCC): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Western Digital (WDC) stock rose 2.6% after announcing a debt exchange agreement to retire $191M in convertible notes, paying $192.7M in cash and issuing new shares. The move reduces future interest payments and clears debt from its balance sheet. The company reported strong Q4 2026 results with 44% revenue growth and doubled EPS, with Q1 2027 guidance exceeding expectations. Despite a broader market decline, WDC's stock climbed due to company-specific factors.

D-Wave Quantum (QBTS) fell 8% after CFO Markovich announced his retirement, dragging IonQ (IONQ) down 3%. D-Wave's stock is down 26% year-to-date, with a market cap of $6.57B. IonQ's market cap is $16.48B. The Defiance Quantum ETF (QTUM) barely moved, indicating a name-specific event.

Meta agreed to pay up to $16.68bn to settle claims by 29 states, alleging it designed Facebook and Instagram to addict children and improperly collected their data. The settlement includes usage limits for teens and enhanced age verification. Meta denies wrongdoing. Shares rose 4.4% in pre-market trading, according to Reuters.

NVIDIA paid $6 billion to license software and hire engineers from Poolside, avoiding an acquisition. Poolside's founders remain, and the deal benefits investors. NVIDIA has used this strategy before, acquiring capabilities without taking on liabilities. Hugging Face is reportedly seeking a $13 billion sale, contrasting with Poolside's unbundled deal. Stability AI raised $76 million from various partners. Ukraine licensed ground-robot designs to Finland and shared battlefield data with the UK vi

Sun Life Financial and Wilton Re have agreed to form a reinsurance joint venture, Windsor Life Re, with $900m in capital. The venture will reinsure a $1.7bn block and aims to reach $10bn in assets. Sun Life's SLC Management will oversee investments. The partnership is expected to launch in early 2027, subject to approvals.

Alibaba (BABA) announced a $10.2B secondary share offering at an 8.4% discount, diluting shareholders. The proceeds will fund AI efforts, following a Q2 earnings report where AI spending reduced profits. The timing and market sentiment may deter investors in the near term.