secwatch.observer — SEC 8-K summary
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Issuer:     DigitalBridge Group, Inc. (DBRG)
CIK:        0001679688
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001679688-22-000107
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000107/0001679688-22-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000107/dbrg-20220825.htm
  HTML page:      https://secwatch.observer/filing/0001679688-22-000107

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