Equinix CPO Sara Baack to depart role, serve as advisor through March 2022

EQUINIX INC

Sara Baack transitions from Chief Product Officer after Sept 24, 2021; serves as CEO advisor until March 2, 2022.
Retention and separation agreement includes 100% of 2021 target bonus, $500,000 lump sum, and COBRA premiums through 2022.
Agreement contains standard releases, non-disparagement, confidentiality, and restrictive covenants.

item 5.02

Executive movements

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Role change

Sara Baack

Chief Product Officer

EQIX · EQUINIX INC

Effective: 2021-09-24
Filed: September 23, 2021, 7:59 PM ET

Sara Baack, Chief Product Officer of the Company (the “Agreement”). Pursuant to the terms of the Agreement, Ms. Baack will transition from her role of Chief Product Officer after September 24, 2021 and will serve in an advisory capacity to Equinix’s Chief Executive Officer until March 2, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sara Baack changed role as Chief Product Officer at EQUINIX INC.

Action: transitioned
Role: Chief Product Officer

Exact text from the filing

Sara Baack, Chief Product Officer of the Company (the “Agreement”). Pursuant to the terms of the Agreement, Ms. Baack will transition from her role of Chief Product Officer after September 24, 2021 and will serve in an advisory capacity to Equinix’s Chief Executive Officer until March 2, 2022.

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EQUINIX INC filing history →

Source: SEC EDGAR

accession 0001104659-21-118575

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