DigitalBridge completes DataBank recap; sells ~35% stake for $1.54B; director changes

DigitalBridge Group, Inc.

Closed sale of ~27% DataBank equity for $1.2B cash to Swiss Life affiliate; additional 8% sold to DigitalBridge Zeus for $341.5M.
DigitalBridge received $318M cash; ownership in DataBank reduced from 21.8% to 13.4%.
John L. Steffens resigned from board; David M. Tolley appointed independent director effective Aug 30, 2022.
Tolley, former EVP/CFO of Intelsat, will serve on audit and compensation committees; Diefenderfer moved to compensation committee.
Pro forma: if close on Jan 1 2021, FY2021 net loss per share would have decreased by $0.06; H1 2022 by $0.04.

item 2.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John L. Steffens

Director

DBRG · DigitalBridge Group, Inc.

Effective: 2022-08-29
Filed: August 31, 2022, 7:59 PM ET

On August 29, 2022, John L. Steffens resigned as a member of the board of directors (the “Board”) of DigitalBridge Group, Inc. (the “Company”), including as a member of its compensation committee and nominating and corporate governance committee, effective as of August 29, 2022.

Appointed

David M. Tolley

Director

DBRG · DigitalBridge Group, Inc.

Effective: 2022-08-30
Filed: August 31, 2022, 7:59 PM ET

Effective August 30, 2022, the Board appointed David M. Tolley to serve as an independent member of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John L. Steffens resigned as Director at DigitalBridge Group, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 29, 2022, John L. Steffens resigned as a member of the board of directors (the “Board”) of DigitalBridge Group, Inc. (the “Company”), including as a member of its compensation committee and nominating and corporate governance committee, effective as of August 29, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David M. Tolley was appointed as Director at DigitalBridge Group, Inc..

Action: appointed
Role: Director

Exact text from the filing

Effective August 30, 2022, the Board appointed David M. Tolley to serve as an independent member of the Board.

View on SEC.gov

DigitalBridge Group, Inc. filing history →

Source: SEC EDGAR

accession 0001679688-22-000107

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