Summary
Equinix Inc. (EQIX) filed a Form 8-K on October 25, 2006, to report on its third-quarter 2006 financial results and announce a significant leadership transition. The company issued a press release detailing its financial performance for the quarter ended September 30, 2006, and will host a conference call to discuss these results. Investors should note that while the financial results are furnished, they are not deemed 'filed' for certain sections of securities law, a common practice for earnings releases included in 8-Ks. The company also disclosed the planned transition of its CEO, Peter Van Camp, to the role of Executive Chairman over the next year, with an external search initiated for a new CEO.
Key Highlights
- 1Equinix announced its financial results for the third quarter ended September 30, 2006, via press release.
- 2The company's press release detailing Q3 2006 results is attached as Exhibit 99.1.
- 3Equinix utilizes non-GAAP financial information in its earnings release and provides a reconciliation to GAAP measures.
- 4CEO, President, and Chairman of the Board, Peter Van Camp, announced his intention to transition to Executive Chairman.
- 5This leadership transition is expected to occur over the next year, with Mr. Van Camp remaining in his current roles until a successor is found.
- 6An external search for a new Chief Executive Officer has commenced.
- 7The press release announcing Mr. Van Camp's transition is attached as Exhibit 99.2.