Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Election of Director
Equinix, Inc. ("Equinix") has elected Thomas Olinger as an independent director
to its Board of Directors (the "Board"), effective January 18, 2023. With the
election of Mr. Olinger, Equinix's Board now consists of 12 members.
Mr. Olinger will serve as a member of the Board's Audit, Finance, and Real
Estate Committees.
The election of Mr. Olinger was not pursuant to any arrangement or understanding
between Mr. Olinger and any third party. As of the date of this report, Mr.
Olinger is not a party, either directly or indirectly, to any transaction that
is required to be reported pursuant to Item 404(a) of Regulation S-K of the
Securities Exchange Act of 1934, as amended.
As member of Equinix's Board, Mr. Olinger will receive Equinix's standard
compensation for non-employee directors.
Departure of Director
On January 16, 2023, Irving Lyons, a member of Equinix's Board since 2007,
notified the Board that he would not stand for reelection as a director of
Equinix. Mr. Lyons's decision not to stand for reelection was not due to any
disagreement with Equinix on any matter relating to Equinix's operations,
policies, or practices. Mr. Lyons's term will end after Equinix's 2023 annual
meeting of stockholders to be held in May 2023.
Item 8.01. Other Events.
On January 20, 2023, Equinix issued a press release announcing the election of
Mr. Olinger to the Board and Mr. Lyons's decision not to stand for reelection to
the Board. A copy of the press release is furnished as Exhibit 99.1 to this Form
8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release of Equinix, Inc. dated January 20, 2023.
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