Business Context and Reporting Period
This Form 8-K Current Report was filed by Lineage, Inc. on October 17, 2025. The filing discloses significant changes to the Company's executive leadership, specifically the appointment of a new Chief Financial Officer and the retirement of the incumbent.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
- Appointment of CFO: The Board appointed Robb LeMasters as Chief Financial Officer, effective November 10, 2025.
- Departure of CFO: Robert Crisci will retire from his position as Chief Financial Officer on the same effective date (November 10, 2025) following his notification of intent to retire on May 29, 2025. He will remain with the Company during a transition period.
- Additional Appointment: A press release referenced in the filing announces the appointment of Ki Bin Kim as Vice President of Investor Relations.
Compensation and Management Commentary
Robb LeMasters' compensation package, detailed in the Offer Letter, includes:
- Base Salary: $700,000 annually.
- Performance Bonus: Target annual bonus of 125% of base salary, effective for the 2026 calendar year, payable in cash, equity, or a combination.
- Sign-on Equity Award: Long-term incentive plan units of Lineage OP, LP with a targeted aggregate value of $3,425,000.
- Vesting Schedule: 40% of the sign-on award vests in three equal annual installments; 60% is subject to performance-based vesting over a three-year period (January 1, 2026, to December 31, 2028).
- Severance: Eligibility to participate in the Company's Amended and Restated Executive Severance Plan.
The filing does not provide specific management commentary on operational risks, contingencies, or unusual items beyond the leadership transition.
Investor Verification Checklist
- Verify the exact effective date of the CFO transition (November 10, 2025) and the duration of the transition period for the outgoing CFO.
- Review the full text of the Offer Letter (Exhibit 10.1) for specific performance metrics tied to the 60% performance-based equity vesting.
- Confirm the details of the press release (Exhibit 99.1) regarding the appointment of the new Vice President of Investor Relations.
- Monitor future filings for any changes to the Company's financial guidance or strategy resulting from the new CFO's leadership.