Summary
Digital Realty Trust, Inc. (DLR) filed an 8-K on December 7, 2023, to report the resignation of a board member, Alexis Black Bjorlin, effective December 8, 2023. Ms. Bjorlin is leaving the board due to her recent appointment to an executive role at Nvidia, a company that is also a partner of Digital Realty. The company emphasized that her resignation was amicable and not due to any disagreements regarding company operations or policies. Following her departure, the size of the Board of Directors has been reduced to eight members.
Key Highlights
- 1Director Alexis Black Bjorlin resigned from the Board of Directors, effective December 8, 2023.
- 2Ms. Bjorlin's resignation is due to her new executive role at Nvidia, a Digital Realty partner.
- 3The company stated the resignation was not due to any disagreements with management or on company policies.
- 4The departure is described as mutual and amicable.
- 5The Board of Directors' size has been reduced from nine to eight members following the resignation.
Frequently Asked Questions
Alexis Black Bjorlin resigned to accept an executive role leading DGX Cloud at Nvidia, a company that is a partner of Digital Realty. This new role presented a potential conflict of interest, prompting her departure from the board.
No, the company explicitly stated that Ms. Bjorlin's resignation was not the result of any disagreement regarding the company's operations, policies, or practices. The decision was mutual and amicable.
Following Ms. Bjorlin's resignation, the size of the Board of Directors has been reduced to eight members. This likely reflects a strategic decision by the company to adjust its board composition.
The filing suggests the opposite, as it notes Ms. Bjorlin's new role at Nvidia and states the company looks forward to continuing their work together. Digital Realty views her move as an exciting next chapter and does not indicate any negative impact on the partnership.