Why is the election of Christopher B. Paisley important for Equinix investors?

Mr. Paisley's election is important because he brings extensive financial and accounting expertise, particularly in his role as chair of the Audit Committee and financial expert. This strengthens corporate governance and financial oversight, ensuring compliance with Nasdaq rules, which can build investor confidence.

What specific Nasdaq rule does this appointment help Equinix comply with?

Mr. Paisley's appointment helps Equinix comply with NASD Rule 4350(d)(2)(A), which mandates that the audit committee of a Nasdaq issuer must have at least three independent members, with at least one being a financial expert.

What is Christopher B. Paisley's relevant experience?

Mr. Paisley has a strong background in finance and accounting. He was previously the Senior Vice President of Finance and Chief Financial Officer of 3Com Corporation. He also serves as the Dean's Executive Professor of Accounting and Finance at Santa Clara University and is a director for two other public companies, Electronics for Imaging, Inc. and Volterra Semiconductor Corporation.

How will Mr. Paisley be compensated for his role on the Board?

Mr. Paisley will receive Equinix's standard compensation package for its non-employee directors.

EQIX 8-K: Leadership Changes

Summary

Equinix, Inc. (EQIX) announced a significant change to its Board of Directors with the election of Christopher B. Paisley, effective July 19, 2007. Mr. Paisley's appointment is particularly noteworthy as he will serve as the chair of the Board's Audit Committee and is designated as the committee's financial expert. This addition strengthens the Audit Committee and brings Equinix into compliance with Nasdaq's rule requiring at least three independent members, one of whom must be a financial expert, on the audit committee. Mr. Paisley brings extensive financial and accounting expertise to Equinix, having previously served as Senior Vice President of Finance and CFO of 3Com Corporation and currently holding academic and director positions at other public companies. His background is expected to enhance the company's corporate governance and financial oversight. The company also disclosed standard director compensation for Mr. Paisley and attached a press release detailing this event.

Key Highlights

1Christopher B. Paisley elected to Equinix's Board of Directors effective July 19, 2007.
2Mr. Paisley appointed Chair of the Board's Audit Committee.
3Mr. Paisley designated as the Audit Committee's financial expert.
4The election of Mr. Paisley brings Equinix into compliance with Nasdaq's Audit Committee independence and financial expert requirements.
5Mr. Paisley possesses significant experience as a former CFO and academic in accounting and finance.
6Mr. Paisley currently serves as a director for two other public companies.
7Mr. Paisley will receive Equinix's standard compensation for non-employee directors.

EQUINIX INC 8-K Report, Executive Changes (Jul 23, 2007)

Summary

Key Highlights

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