Business Context and Reporting Period
Company: Digital Realty Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 27, 2009
Event: Appointment of a new independent director to the Board of Directors.
Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing reports a change in corporate governance rather than financial operations. On October 27, 2009, the Board of Directors appointed Robert H. Zerbst as an independent director. No committee assignments have been determined at the time of filing.
Compensation and Arrangements
- Initial Grant: 771 fully vested long-term incentive units.
- Annual Equity Award: Eligible for an award valued at $70,000 (payable in long-term incentive units or restricted stock) at each Annual Meeting of Stockholders, contingent on continued service.
- Annual Board Fee: $40,000.
- Committee Fees: Additional compensation for service on Board committees (amount not specified).
- Indemnification: Standard form of indemnification agreement executed.
Key Facts for Investor Verification
- Confirm the specific Board committees to which Robert H. Zerbst will be assigned.
- Verify the total number of outstanding long-term incentive units following this grant.
- Review the Company's First Amended and Restated 2004 Incentive Award Plan for terms regarding the annual equity award election.