Current Report Filing (8-k)
September 23 2021 - 7:46AM
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 20, 2021
EQUINIX, INC.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
(State or Other Jurisdiction
of Incorporation)
|
001-40205
(Commission
File Number)
|
77-0487526
(I.R.S.
Employer
Identification No.)
|
One Lagoon Drive
Redwood City, CA 94065
(Address
of Principal Executive Offices, and Zip Code)
(650) 598-6000
Registrant’s
Telephone Number, Including Area Code
(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):
|
|
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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|
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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|
Common
stock, par value $0.001 per share
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EQIX
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The Nasdaq Stock Market LLC
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0.250% Senior Notes due 2027
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true
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The Nasdaq Stock Market LLC
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1.000% Senior Notes due 2033
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true
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The Nasdaq Stock Market LLC
|
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of
the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ¨
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
On September 20, 2021, Equinix, Inc. (the “Company”)
entered into a retention and separation agreement with Sara Baack, Chief Product Officer of the Company (the “Agreement”).
Pursuant to the terms of the Agreement, Ms. Baack will transition from her role of Chief Product Officer after September 24,
2021 and will serve in an advisory capacity to Equinix’s Chief Executive Officer until March 2, 2022. During this transition
period, Ms. Baack will be entitled to her regular salary and benefits. In addition, Ms. Baack will be paid additional compensation
and benefits described in the Agreement, including: (i) 100% of her target annual incentive plan bonus for 2021; (ii) a one-time
lump sum cash payment of $500,000 and (iii) premium payments under the Consolidated
Omnibus Budget Reconciliation Act (“COBRA”) through 2022. The Agreement also includes and references customary releases,
representations, restrictive covenants, non-disparagement and confidentiality provisions.
The foregoing description is not a complete description of the Agreement
and is qualified in its entirety by reference to the full text of the Agreement, a copy of which will be filed with the Company’s
Form 10-Q for the quarter ended September 30, 2021.
SIGNATURES
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 hereunto duly authorized.
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DATE: September 23, 2021
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By:
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/s/ KEITH D. TAYLOR
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Keith D. Taylor
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Chief Financial Officer
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