Digital Realty terminates CRO Corey Dyer without cause; sells Dallas asset for $150M; raises $743M via ATM

DIGITAL REALTY TRUST, INC.

CRO Corey Dyer terminated without cause, effective June 30, 2023, eligible for ~$1.3M cash severance.
Closed sale of non-core Dallas data center for $150M net proceeds; proceeds to repay borrowings.
Sold 7.82M shares at weighted avg $95.96 via ATM in Q2 2023 for gross $750M (net $743M).
Entered forward equity sale agreements for 3.45M shares at initial forward price of ~$97.68.
Proceeds from ATM and asset sale to reduce outstanding credit facility borrowings.

item 5.02 item 8.01

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Departed

Corey Dyer

Chief Revenue Officer

DLR · DIGITAL REALTY TRUST, INC.

Effective: 2023-06-30
Filed: June 5, 2023, 7:59 PM ET

On June 5, 2023, the company announced the termination of Corey Dyer as Chief Revenue Officer of the company without cause, effective June 30, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Corey Dyer was terminated as Chief Revenue Officer at DIGITAL REALTY TRUST, INC..

Action: terminated
Role: Chief Revenue Officer

Exact text from the filing

On June 5, 2023, the company announced the termination of Corey Dyer as Chief Revenue Officer of the company without cause, effective June 30, 2023.

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DIGITAL REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-010809

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