01—Abstract
Summary
Summary of the 8-K filed December 9, 2024. Cited figures are marked; the original filing is the authoritative source.
Iron Mountain Incorporated (IRM) filed a Current Report on Form 8-K dated December 2024 under Item 5.02 to announce the election of June Yee Felix, age 68, as a director of the Company, effective January 1, 2025.
The Board elected Ms. Felix on December 6, 2024. The filing states that there are no arrangements or understandings between Ms. Felix and any other persons regarding her election, that she has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K, and that she has no family relationship with any director or executive officer. Ms. Felix will serve on the Audit Committee and the Risk and Safety Committee of the Board beginning January 1, 2025.
The filing describes her background as Group CEO of IG Group plc from 2018 to 2023, a non-executive director of RELX PLC since 2021, and a former regional president at Verifone from 2014 to 2018. Her compensation will follow the Company's non-employee director arrangements, including a prorated annual grant of restricted stock units under the 2014 Stock and Cash Incentive Plan that vest immediately upon grant. She will also be eligible for the Directors Deferred Compensation Plan.
The filing also includes Item 9.01 exhibit references to the cover page Interactive Data File and the Inline XBRL cover page. It does not report financial results or other operating developments.
02—Key points
Key Highlights
- June Yee Felix, age 68, was elected to the Board on December 6, 2024, effective January 1, 2025.
- Ms. Felix will join the Audit Committee and the Risk and Safety Committee effective January 1, 2025.
- Ms. Felix previously served as Group CEO of IG Group plc from 2018 to 2023 and as a non-executive director of RELX PLC since 2021.
- The filing states she has no material interest in related-party transactions and no family relationship with other directors or executive officers.
- She will receive a prorated annual RSU grant under the Director Compensation Plan, with RSUs vesting immediately upon grant.
- She will be eligible to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan.
- The filing contains no financial results or operating metrics.
03—Questions
Frequently Asked Questions
Who was appointed to the Iron Mountain board?
The Board elected June Yee Felix, age 68, as a director effective January 1, 2025, according to the filing.
Which board committees will Ms. Felix serve on?
Effective January 1, 2025, Ms. Felix will serve on the Audit Committee and the Risk and Safety Committee.
What is Ms. Felix's relevant professional background?
The filing states she was Group CEO of IG Group plc from 2018 to 2023, a regional president at Verifone from 2014 to 2018, and has been a non-executive director of RELX PLC since 2021. It also lists senior roles at Citibank, IBM and Chase Manhattan Bank.
How will Ms. Felix be compensated?
She will receive the compensation the Company generally provides to non-employee directors under the Director Compensation Plan, including a prorated annual RSU grant effective January 1, 2025. The RSUs vest immediately upon grant. She may also participate in the Directors Deferred Compensation Plan.
Does the filing disclose any conflicts or family ties involving Ms. Felix?
The filing states that Ms. Felix has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K, and no family relationship with any director or executive officer. It also states there are no arrangements or understandings with other persons regarding her election.
04—Continue