Sandisk sets new pay for CTO and legal chief

Sandisk Corp’s board committee updated pay for its CTO and Chief Legal Officer and disclosed current compensation levels for the CEO and CFO.

Rhea-AI Filing Summary

Sandisk Corp (SNDK) reports that its Compensation and Talent Committee approved executive compensation adjustments on September 10, 2026 for two officers, effective October 1, 2026. Alper Ilkbahar, Chief Technology Officer, will have an annual base salary of $755,000 and a 100% annual short-term incentive (STI) target. Bernard Shek, Chief Legal Officer, will have an annual base salary of $618,000 and a 100% STI target. The filing also lists current compensation for CEO David Goeckeler (base salary $1,300,000, STI target 200%) and CFO Luis Visoso (base salary $875,000, STI target 150%), with no changes to Goeckeler’s salary or to the STI targets for Goeckeler, Visoso, or Ilkbahar.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

CTO annual base salary: $755,000 CTO annual STI target: 100% of base salary Chief Legal Officer annual base salary: $618,000 +5 more

8 metrics

CTO annual base salary $755,000 Alper Ilkbahar, effective October 1, 2026

CTO annual STI target 100% of base salary Alper Ilkbahar short-term incentive target

Chief Legal Officer annual base salary $618,000 Bernard Shek, effective October 1, 2026

Chief Legal Officer annual STI target 100% of base salary Bernard Shek short-term incentive target

CEO annual base salary $1,300,000 David Goeckeler current compensation level

CEO annual STI target 200% of base salary David Goeckeler short-term incentive target

CFO annual base salary $875,000 Luis Visoso current compensation level

CFO annual STI target 150% of base salary Luis Visoso short-term incentive target

Key Terms

short-term incentive, STI, Nasdaq Global Select Market, Emerging growth company, +1 more

5 terms

short-term incentive financial

"adjusted annual short-term incentive (“STI”) target percentage amounts"

A short-term incentive is a cash or similar bonus paid to employees, often executives or sales staff, for meeting performance targets over a brief period (typically a year or less). It matters to investors because these payments shape management behavior, influence reported profits and cash flow, and signal which goals the company prioritizes—like rewarding quarterly sales or cost cuts—so they can affect future growth, risk and shareholder value.

STI financial

"adjusted annual short-term incentive (“STI”) target percentage amounts"

A stock market index that tracks a group of major publicly traded companies to represent the overall performance of a national market; think of it as a single score that sums up how a country’s biggest businesses are doing. Investors use it like a thermometer or a shopping-cart sample: it provides a quick snapshot of market health, a benchmark to compare individual investments, and a basis for index funds and exchange-traded products.

Nasdaq Global Select Market market

"Common Stock, $0.01 Par Value Per Share | SNDK | The Nasdaq Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

Emerging growth company regulatory

"Emerging growth company |"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Securities Exchange Act of 1934 regulatory

"Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive compensation changes did SNDK announce on September 10, 2026?

Sandisk Corp’s board committee approved new compensation for two executives effective October 1, 2026: CTO Alper Ilkbahar at $755,000 base salary with a 100% STI target and Chief Legal Officer Bernard Shek at $618,000 base salary with a 100% STI target.

What are the new compensation terms for Sandisk (SNDK) CTO Alper Ilkbahar?

CTO Alper Ilkbahar will have an annual base salary of $755,000 and an annual short-term incentive target of 100% of base salary, effective October 1, 2026, as approved by Sandisk Corp’s Compensation and Talent Committee.

How was Sandisk (SNDK) Chief Legal Officer Bernard Shek’s compensation adjusted?

Bernard Shek, Executive Vice President and Chief Legal Officer, will receive an annual base salary of $618,000 and an annual short-term incentive target of 100% of base salary, effective October 1, 2026, following the committee’s annual compensation review.

What are the current compensation levels for Sandisk (SNDK) CEO David Goeckeler?

Chairman and CEO David Goeckeler has an annual base salary of $1,300,000 and an annual short-term incentive target of 200% of base salary. The filing states there were no changes to his annual base salary or STI target in this action.

What is Sandisk (SNDK) CFO Luis Visoso’s compensation as disclosed?

CFO Luis Visoso has an annual base salary of $875,000 and an annual short-term incentive target of 150% of base salary. The filing notes no changes to his STI target as part of this compensation review.

When do the Sandisk (SNDK) executive pay changes become effective?

The compensation adjustments approved for Sandisk Corp executives Alper Ilkbahar and Bernard Shek become effective on October 1, 2026, following the Compensation and Talent Committee’s review completed on September 10, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:25 PM Accepted by SEC EDGAR 09/16/2026 - 04:24 PM Learn about SEC filing dates

0002023554false00020235542026-09-102026-09-10

UNITED STATES

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): September 10, 2026

Sandisk Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-42420

99-1508671

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

951 Sandisk Drive

95035

Milpitas

California

(Address of Principal Executive Offices)

(Zip Code)

(408) 801-1000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report) 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

			☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
			☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
			☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
			☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.01 Par Value Per Share			SNDK			The Nasdaq Stock Market LLC
						(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
			Emerging growth company			☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 10, 2026, following an annual review of the compensation levels of the executive officers of Sandisk Corporation (the “Company”), the Compensation and Talent Committee of the Board of Directors of the Company approved compensation adjustments for Alper Ilkbahar, the Company’s Chief Technology Officer, and Bernard Shek, the Company’s Chief Legal Officer, each effective as of October 1, 2026. The table below sets forth the adjusted annual base salary (if applicable) and adjusted annual short-term incentive (“STI”) target percentage amounts as a percentage of annual base salary (if applicable). In addition to compensation adjustments for Messrs. Ilkbahar and Shek, the table below also reflects the current compensation levels for the Company’s two other named executives, David Goeckeler, the Company’s Chief Executive Officer, and Luis Visoso, the Company’s Chief Financial Officer. There were no changes to Mr. Goeckeler’s annual base salary or to Messrs. Goeckeler, Visoso, or Ilkbahar’s annual STI targets.

Name			Position			Annual Base Salary			Annual STI Target %
Alper Ilkbahar			Executive Vice President and Chief Technology Officer			$755,000			100%
Bernard Shek			Executive Vice President and Chief Legal Officer			$618,000			100%
David Goeckeler			Chairman and Chief Executive Officer			$1,300,000			200%
Luis Visoso			Executive Vice President and Chief Financial Officer			$875,000			150%

SIGNATURE

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, thereunto duly authorized.

Sandisk Corporation

(Registrant)

By:

/s/ Bernard Shek

Bernard Shek

Chief Legal Officer and Secretary

Date: September 16, 2026

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB