Summary
Equinix, Inc. (EQIX) announced a significant leadership change in an 8-K filing dated August 14, 2013. The company appointed Charles Meyers as its new Chief Operating Officer, effective August 14, 2013. Mr. Meyers brings extensive experience to this role, having previously served as President of Equinix Americas since September 2010 and holding prominent positions at VeriSign and Level 3 Communications. This appointment is accompanied by a compensation package designed to retain and incentivize Mr. Meyers. He will receive a base salary of $475,000 annually, with eligibility for a cash bonus up to 80% of his base salary under the 2013 Annual Incentive Plan. Additionally, he was granted 8,000 restricted stock units, which will vest over four years, aligning his interests with long-term shareholder value.
Key Highlights
- 1Charles Meyers appointed Chief Operating Officer (COO) of Equinix, Inc.
- 2Appointment effective August 14, 2013.
- 3Mr. Meyers has prior experience as President, Equinix Americas since September 2010.
- 4His background includes senior roles at VeriSign and Level 3 Communications.
- 5New COO will receive a base salary of $475,000 per year.
- 6Eligible for an annual cash bonus of up to 80% of his base salary.
- 7Awarded 8,000 restricted stock units vesting over four years.