01—Abstract
Summary
Summary of the 8-K filed July 22, 2024. Cited figures are marked; the original filing is the authoritative source.
Iron Mountain Incorporated (IRM) filed this Current Report on Form 8-K on July 22, 2024, to disclose a board change under Item 5.02.
On July 22, 2024, the Board of Directors elected Andre Maciel, age 50, as a director effective the same day. Mr. Maciel will serve on the Audit Committee and the Risk and Safety Committee. The filing describes Mr. Maciel as Global Chief Financial Officer of The Kraft Heinz Company since March 2022, a role he has held after joining its predecessor, H.J.
Heinz, in 2013. Earlier in his career he worked at AB InBev, McKinsey & Company and Accenture. He holds a bachelor's degree in industrial engineering from Universidade de São Paulo and an MBA from INSEAD.
The filing states he has no arrangements or understandings with other persons regarding his election and no material interest in related-party transactions under Item 404(a). For his board service, Mr. Maciel will receive the compensation generally provided to non-employee directors under the Director Compensation Plan, and may participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan.
He will also receive a prorated annual grant of restricted stock units under the 2014 Stock and Cash Incentive Plan, which vest immediately upon grant. The filing's exhibits consist only of cover page Interactive Data Files.
02—Key points
Key Highlights
- Andre Maciel, age 50, was elected to the Board of Directors effective July 22, 2024.
- Mr. Maciel will serve on the Audit Committee and the Risk and Safety Committee.
- He has been Global Chief Financial Officer of The Kraft Heinz Company since March 2022.
- Prior roles include AB InBev, McKinsey & Company and Accenture, and he joined H.J. Heinz in 2013.
- He will receive non-employee director compensation, including a prorated annual RSU grant that vests immediately upon grant.
- The filing states he has no family relationship with directors or executive officers and no related-party interest under Item 404(a).
03—Questions
Frequently Asked Questions
Who was appointed to Iron Mountain's Board of Directors?
The Board elected Andre Maciel, age 50, as a director effective July 22, 2024.
What committees will Andre Maciel serve on?
He will serve on the Audit Committee and the Risk and Safety Committee, effective July 22, 2024.
What is Mr. Maciel's professional background?
He has been Global Chief Financial Officer of The Kraft Heinz Company since March 2022 and joined its predecessor, H.J. Heinz, in 2013. The filing also lists earlier work at AB InBev, McKinsey & Company and Accenture, and a bachelor's degree in industrial engineering from Universidade de São Paulo and an MBA from INSEAD.
How will Mr. Maciel be compensated for his board service?
He will receive the compensation generally provided to non-employee directors under the Director Compensation Plan, described in Exhibit 10.51 to the 2023 Annual Report. He may also participate in the Directors Deferred Compensation Plan, and will receive a prorated annual grant of restricted stock units that vest immediately upon grant.
Does Mr. Maciel have any undisclosed ties to the company?
The filing states there are no arrangements or understandings between Mr. Maciel and any other persons regarding his election, that he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K, and that he has no family relationship with any Board member or executive officer.
04—Continue