---
schema_version: "secwatch.filing_event.v1"
accession: "0001679688-22-000107"
form_type: "8-K"
ticker: "DBRG"
cik: "0001679688"
company_name: "DigitalBridge Group, Inc."
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:45:20.692014+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001679688-22-000107
- form_type: 8-K
- ticker: DBRG
- cik: 0001679688
- company_name: DigitalBridge Group, Inc.
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679688/000167968822000107/0001679688-22-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679688/000167968822000107/dbrg-20220825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679688-22-000107
- JSON: https://secwatch.observer/filing/0001679688-22-000107.json
- Plain text: https://secwatch.observer/filing/0001679688-22-000107.txt

## Key facts
- Executive change
  John L. Steffens resigned as Director at DigitalBridge Group, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679688/000167968822000107/0001679688-22-000107-index.htm
- Executive change
  David M. Tolley was appointed as Director at DigitalBridge Group, Inc..
  - Action: appointed
  - Role: Director
  source text: Effective August 30, 2022, the Board appointed David M. Tolley to serve as an independent member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679688/000167968822000107/0001679688-22-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.