8-K filed December 13, 2022, 6:59 PM ET ticker DLR CIK 0001297996

leadership confidence high sentiment neutral materiality 0.70

Digital Realty appoints Andy Power as CEO, replacing Bill Stein who departs without cause

DIGITAL REALTY TRUST, INC.

Andy Power, President & CFO, named CEO effective Dec 13, 2022; Bill Stein terminated without cause, resigns from Board.
Stein eligible for ~$10.7M cash separation; company expects ~$15M one-time Q4 charge, excluded from Core FFO guidance.
Power to remain CFO until successor appointed; plans to announce permanent CFO in early 2023.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Andrew P. Power

Chief Executive Officer

DLR · DIGITAL REALTY TRUST, INC.

Effective: 2022-12-13
Filed: December 13, 2022, 6:59 PM ET

On December 13, 2022, the Board of Directors (the “Board”) of Digital Realty Trust, Inc. appointed Andrew P. Power, currently the company’s President and Chief Financial Officer, to serve as the Chief Executive Officer of the company and as a member of the Board, effective immediately.

Appointed

Andrew P. Power

Director

DLR · DIGITAL REALTY TRUST, INC.

Effective: 2022-12-13
Filed: December 13, 2022, 6:59 PM ET

On December 13, 2022, the Board of Directors (the “Board”) of Digital Realty Trust, Inc. appointed Andrew P. Power, currently the company’s President and Chief Financial Officer, to serve as the Chief Executive Officer of the company and as a member of the Board, effective immediately.

Departed

A. William Stein

Director

DLR · DIGITAL REALTY TRUST, INC.

Effective: 2022-12-13
Filed: December 13, 2022, 6:59 PM ET

In connection with Mr. Stein ceasing to serve as Chief Executive Officer, Mr. Stein resigned as a member of the Board, effective as of December 13, 2022.

Departed

A. William Stein

Chief Executive Officer

DLR · DIGITAL REALTY TRUST, INC.

Effective: 2022-12-13
Successor: Andrew P. Power
Filed: December 13, 2022, 6:59 PM ET

Also on December 13, 2022, the Board approved the termination of A. William Stein as Chief Executive Officer of the company without cause, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew P. Power was appointed as Chief Executive Officer at DIGITAL REALTY TRUST, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On December 13, 2022, the Board of Directors (the “Board”) of Digital Realty Trust, Inc. appointed Andrew P. Power, currently the company’s President and Chief Financial Officer, to serve as the Chief Executive Officer of the company and as a member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew P. Power was appointed as Director at DIGITAL REALTY TRUST, INC..

Action: appointed
Role: Director

Exact text from the filing

On December 13, 2022, the Board of Directors (the “Board”) of Digital Realty Trust, Inc. appointed Andrew P. Power, currently the company’s President and Chief Financial Officer, to serve as the Chief Executive Officer of the company and as a member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

A. William Stein resigned as Director at DIGITAL REALTY TRUST, INC..

Action: resigned
Role: Director

Exact text from the filing

In connection with Mr. Stein ceasing to serve as Chief Executive Officer, Mr. Stein resigned as a member of the Board, effective as of December 13, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

A. William Stein was terminated as Chief Executive Officer at DIGITAL REALTY TRUST, INC..

Action: terminated
Role: Chief Executive Officer

Exact text from the filing

Also on December 13, 2022, the Board approved the termination of A. William Stein as Chief Executive Officer of the company without cause, effective immediately.

View on SEC.gov

DIGITAL REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-303909

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