8-KLeadership Changes

DIGITAL REALTY TRUST, INC. 8-K Report, Executive Changes (Mar 20, 2020)

Filed March 20, 2020For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) filed an 8-K on March 19, 2020, reporting a key executive change. Effective March 16, 2020, Matt Mercier assumed the responsibilities of the principal accounting officer, succeeding Edward F. Sham who retired from his role as Chief Accounting Officer. This transition is a routine operational update regarding accounting leadership. Mr. Mercier brings significant experience to this role, having served as Senior Vice President of Finance and Accounting since March 2020, and previously as Senior Vice President of Finance since 2015. Investors should note that there are no disclosed related-party transactions or compensation arrangements requiring specific disclosure for Mr. Mercier, and no formal employment agreement is in place. The filing provides assurance regarding the continuity of financial oversight within the company.

Key Highlights

  • 1Matt Mercier appointed as the new Principal Accounting Officer, effective March 16, 2020.
  • 2Edward F. Sham retired from his position as Chief Accounting Officer.
  • 3Mr. Mercier's prior roles include Senior Vice President of Finance and Accounting (since March 2020) and Senior Vice President of Finance (since 2015).
  • 4No disclosed arrangements or understandings between Mr. Mercier and other persons for his selection as an officer.
  • 5No transactions requiring disclosure under Item 404(a) of Regulation S-K involving Mr. Mercier.
  • 6No employment agreement is currently in place between Digital Realty Trust, Inc. and Mr. Mercier.

Frequently Asked Questions

Matt Mercier has been appointed as the new Principal Accounting Officer, effective March 16, 2020.

The change is due to the retirement of the previous Chief Accounting Officer, Edward F. Sham.

Mr. Mercier has extensive experience, serving as Senior Vice President of Finance and Accounting since March 2020 and previously as Senior Vice President of Finance since 2015. Prior to that, he was Vice President of Finance.

The filing states there are no arrangements requiring disclosure under Item 404(a) of Regulation S-K, and no employment agreement is in place, suggesting a standard transition without immediate specific compensation details being disclosed in this filing.