secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL REALTY TRUST, INC. (DLR)
CIK:        0001297996
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001558370-23-010809
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297996/000155837023010809/0001558370-23-010809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297996/000155837023010809/dlr-20230605x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010809

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer