Vertiv Holdings Co shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2026 at the 2026-06-17 meeting.
“Proposal 3 : Stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, based on the following votes: For Against Abstentions Broker Non-Votes 320,644,633 9,573,763 307,704 0”
Shareholder Votes
Vertiv Holdings Co shareholders approved Advisory vote to approve executive compensation at the 2026-06-17 meeting.
“Proposal 2 : Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, based on the following votes: For Against Abstentions Broker Non-Votes 260,726,180 34,273,946 405,244 35,120,730”
Shareholder Votes
Vertiv Holdings Co shareholders approved Election of eleven director nominees to the Board of Directors at the 2026-06-17 meeting.
“Proposal 1 : Stockholders elected eleven director nominees to the Company’s Board of Directors, each for a term of one year expiring at the Company’s 2027 annual meeting of stockholders and until such director’s successor has been duly elected and qualified, based on the following votes: Director Nominee For Withhold Broker Non-Votes David M. Cote 267,069,506 28,335,864 35,120,730 Giordano Albertazzi 288,121,966 7,283,404 35,120,730 Joseph J. DeAngelo 221,202,989 74,202,381 35,120,730 Joseph van Dokkum 159,991,445 135,413,925 35,120,730 Roger Fradin 207,619,818 87,785,552 35,120,730 Jakki L. Haussler 283,570,346 11,835,024 35,120,730 Jacob Kotzubei 256,787,148 38,618,222 35,120,730 Matthew Louie 252,762,712 42,642,658 35,120,730 Krishna Mikkilineni 292,351,803 3,053,567 35,120,730 Edward L. Monser 244,850,263 50,555,107 35,120,730 Steven S. Reinemund 226,146,171 69,259,199 35,120,730”
Earnings Releases
Vertiv Holdings Co reported three months ended March 31, 2026 results: revenue $2,650 million. Guidance raised.
“Vertiv Reports Strong First Quarter with Diluted EPS Growth of 136% (Adjusted Diluted EPS Growth of +83%); Raises Full-Year Guidance First Quarter 2026 Results • Net sales of $2,650 million, 30% higher than first quarter 2025 • Operating profit up 51% and adjusted operating profit (1) up 64% from first quarter 2025. Adjusted operating margin of 20.8%, up 430 basis”
Debt Financings
Vertiv Holdings Co incurred revolving credit of $2,500,000,000 with JPMorgan Chase Bank, N.A. at U.S. Dollar borrowings under the New Revolving Credit Facility bear interest at maturing five years from the Closing Date.
“and JPMorgan Chase Bank, N.A., as administrative agent. The New Revolving Credit Facility provides for a senior unsecured revolving facility in an aggregate committed amount of $2,500,000,000, a portion of which is available for the issuance of letters of credit in U.S. Dollars, Euros, Canadian Dollars, Sterling Pounds and Australian Dollars. The New Revolving Credit”
Debt Financings
Vertiv Holdings Co incurred senior notes of $500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.950% per annum maturing March 15, 2066.
“On March 3, 2026, Vertiv Holdings Co (the “Company”) completed an underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of its 4.850% Senior Notes due 2036 (the “2036 Notes”), $500,000,000 aggregate principal amount of its 5.650% Senior Notes due 2046 (the “2046 Notes”), $500,000,000 aggregate principal amount of its 5.800% Senior Notes due 2056 (the “2056 Notes”), and $500,000,000 aggregate principal amount of its 5.950% Senior Notes due 2066 (the “2066 Notes” and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the “Notes”).”
Debt Financings
Vertiv Holdings Co incurred senior notes of $500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.800% per annum maturing March 15, 2056.
“On March 3, 2026, Vertiv Holdings Co (the “Company”) completed an underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of its 4.850% Senior Notes due 2036 (the “2036 Notes”), $500,000,000 aggregate principal amount of its 5.650% Senior Notes due 2046 (the “2046 Notes”), $500,000,000 aggregate principal amount of its 5.800% Senior Notes due 2056 (the “2056 Notes”), and $500,000,000 aggregate principal amount of its 5.950% Senior Notes due 2066 (the “2066 Notes” and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the “Notes”).”
Debt Financings
Vertiv Holdings Co incurred senior notes of $500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.650% per annum maturing March 15, 2046.
“On March 3, 2026, Vertiv Holdings Co (the “Company”) completed an underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of its 4.850% Senior Notes due 2036 (the “2036 Notes”), $500,000,000 aggregate principal amount of its 5.650% Senior Notes due 2046 (the “2046 Notes”), $500,000,000 aggregate principal amount of its 5.800% Senior Notes due 2056 (the “2056 Notes”), and $500,000,000 aggregate principal amount of its 5.950% Senior Notes due 2066 (the “2066 Notes” and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the “Notes”).”
Debt Financings
Vertiv Holdings Co incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.850% per annum maturing March 15, 2036.
“On March 3, 2026, Vertiv Holdings Co (the “Company”) completed an underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of its 4.850% Senior Notes due 2036 (the “2036 Notes”), $500,000,000 aggregate principal amount of its 5.650% Senior Notes due 2046 (the “2046 Notes”), $500,000,000 aggregate principal amount of its 5.800% Senior Notes due 2056 (the “2056 Notes”), and $500,000,000 aggregate principal amount of its 5.950% Senior Notes due 2066 (the “2066 Notes” and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the “Notes”).”
Material Agreements
Vertiv Holdings Co entered into New Revolving Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent valued at $2,500,000,000 (effective 2026-03-03).
“On March 3, 2026 (the “Closing Date”), the Company, as borrower, entered into a credit agreement (the “New Revolving Credit Facility”), with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.”
Material Agreements
Vertiv Holdings Co terminated Term Loan Credit Agreement with Vertiv Group Corporation, as borrower, the guarantors party thereto, the lenders party thereto, and Citibank, N.A., as administrative agent and collateral agent (effective 2026-03-03).
“Upon such repayment, all commitments under the Term Loan Credit Agreement were terminated and all guarantees and liens securing obligations under the Term Loan Credit Agreement were released.”
Material Agreements
Vertiv Holdings Co entered into Indenture with U.S. Bank Trust Company, National Association valued at $600,000,000 aggregate principal amount of its 4.850% Senior Notes due 2036, $500,000,000 aggregate (effective 2026-03-03).
“On March 3, 2026, Vertiv Holdings Co (the “Company”) completed an underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of its 4.850% Senior Notes due 2036 (the “2036 Notes”), $500,000,000 aggregate principal amount of its 5.650% Senior Notes due 2046 (the “2046 Notes”), $500,000,000 aggregate principal amount of its 5.800% Senior Notes due 2056 (the “2056 Notes”), and $500,000,000 aggregate principal amount of its 5.950% Senior Notes due 2066 (the “2066 Notes” and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the “Notes”).”
M&A Transactions
Vertiv Holdings Co completed an acquisition involving Purge Rite Intermediate, LLC for $1.0 billion in upfront cash consideration (closed 2025-12-04).
“On December 4, 2025 (the “Closing Date”) Vertiv Corporation, an Ohio corporation (“Buyer”) and subsidiary of Vertiv Holdings Co, a Delaware corporation (the “Company”) completed the acquisition (the “Acquisition”) of all of the outstanding interests in Purge Rite Intermediate, LLC, a Delaware limited liability company (“PurgeRite”), for approximately $1.0 billion in upfront cash consideration, subject to customary adjustments for target working capital, indebtedness and expenses, plus additional potential cash consideration of up to $250 million in cash, which additional consideration shall be calculated based on post-closing performance metrics of the acquired business, pursuant to the terms and conditions of that previously announced Securities Purchase Agreement, dated as of October 31, 2025, by and between Buyer, the Company, Purge Rite and Purge Rite Holdings, LLC, a Delaware limited liability company (the “Acquisition Agreement”).”
Debt Financings
Vertiv Holdings Co amended term loan of $2,086,505,256.71 with Citibank, N.A., as administrative agent maturing August 12, 2032.
“remain materially unchanged, including but not limited to the pricing. As of August 12, 2025, the principal amount outstanding under the Credit Agreement was approximately $2,086,505,256.71. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 hereto.”
David Fallon departed as Chief Financial Officer at Vertiv Holdings Co.
“On May 21, 2025, David Fallon, Chief Financial Officer (“CFO”) of Vertiv Holdings Co (the “Company”) informed the Company’s Board of Directors that due to family reasons, he will retire from his position as the CFO of the Company effective once a successor has been named and assumes the role, which is anticipated to occur in the second half of 2025.”
Robin L. Washington resigned as director at Vertiv Holdings Co.
“On February 4, 2025, Robin L. Washington notified the Board of Directors (the “Board”) of Vertiv Holdings Co (the “Company”) that she has decided to resign from the Board, effective as of March 31, 2025, in light of her recently announced appointment to serve as President and Chief Operating and Financial Officer of Salesforce, Inc.”
Governance Changes
Vertiv Holdings Co: Amended and Restated Bylaws effective November 15, 2024, updating provisions related to Universal Proxy Rule, Delaware General Corporation Law, and administrative changes (effective 2024-11-15).
“On November 15, 2024, the Board of Directors (the “Board”) of Vertiv Holdings Co, a Delaware corporation (the “Company”), approved the Amended and Restated Bylaws of Vertiv Holdings Co, effective as of such date (the “Amended and Restated Bylaws”).”
Earnings Releases
Vertiv Holdings Co reported the three months ended March 31, 2024 results: revenue net sales of $1,639 million. Guidance raised.
“to first quarter 2023, book-to-bill ratio 1.5x in first quarter 2024 and record high $6.3 billion backlog at the end of first quarter 2024 • First quarter 2024 net sales of $1,639 million, 8% higher than first quarter 2023 • First quarter 2024 operating profit of $203 million and adjusted operating profit (1) of $249 million, up 42% from first quarter 2023 •”
Scott Cripps departed as Chief Accounting Officer at Vertiv Holdings Co.
“Scott Cripps, the Company’s current Chief Accounting Officer, will depart from this role on that same date, assuming another leadership role within the organization.”
Eric M. Johnson was appointed as Chief Accounting Officer at Vertiv Holdings Co.
“On April 4, 2024, Vertiv Holdings Co (the “Company”) announced that Eric M. Johnson, an experienced accounting and finance leader, will join the financial executive team as Chief Accounting Officer, effective on or around April 29, 2024.”
Earnings Releases
Vertiv Holdings Co reported three months and year ended December 31, 2023 results: revenue $1,865 million.
“Q4 2023 EARNINGS RELEASE) --- Q4 2023 EARNINGS RELEASE Document Vertiv Reports Strong Fourth Quarter Results and Provides Full Year 2024 Outlook • Fourth quarter net sales of $1,865 million, 13% higher than the fourth quarter of 2022 • Fourth quarter organic orders up 23% from fourth quarter 2022. Record high $5.5 billion backlog at the end of fourth quarter 2023 •”
Material Agreements
Vertiv Holdings Co amended Eighth Amendment with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders and other persons party thereto valued at $30.0 million increase (effective 2024-02-16).
“On February 16, 2024, Vertiv Group Corporation, a Delaware corporation (the “Lead Borrower”), Vertiv Intermediate Holding II Corporation, a Delaware corporation and the direct parent of the Lead Borrower, as a guarantor, and certain subsidiaries of the Lead Borrower party thereto as guarantors or borrowers, as applicable (the “Credit Parties”), each indirect wholly owned subsidiaries of Vertiv Holdings Co (the “Company” and together with its subsidiaries, “we” or “our”), entered into Amendment No. 8 to the Revolving Credit Agreement (the “Eighth Amendment”), with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders and other persons party thereto.”
Debt Financings
Vertiv Holdings Co amended term loan with Citibank, N.A., as administrative agent at reduced by 0.25%, to 2.50% in respect of term loans bearing interest based on th maturing March 2, 2027.
“Pursuant to the Amendment, among other modifications, the interest rate margin for the Borrower’s outstanding term loans under the Credit Agreement was reduced by 0.25%, to 2.50% in respect of term loans bearing interest based on the Term SOFR rate and to 1.50% in respect of term loans bearing interest based on a base rate defined in the Credit Agreement.”
Material Agreements
Vertiv Holdings Co amended Amendment No. 3 to Term Loan Credit Agreement with Citibank, N.A., as administrative agent, and the lenders party thereto (effective 2023-12-13).
“On December 13, 2023, Vertiv Group Corporation, a Delaware corporation (the “Borrower”) and an indirect wholly-owned subsidiary of Vertiv Holdings Co (the “Company”), Vertiv Intermediate Holding II Corporation, a Delaware corporation (“Holdings”) and the direct parent of the Borrower, as a guarantor, and certain subsidiaries of the Borrower party thereto as guarantors entered into an Amendment No. 3 to Term Loan Credit Agreement (the “Amendment”) with Citibank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the lenders party thereto.”
Material Agreements
Vertiv Holdings Co entered into Underwriting Agreement with VPE Holdings, LLC and BofA Securities, Inc. valued at 20,000,000 shares of Class A common stock (effective 2023-08-07).
“On August 7, 2023, Vertiv Holdings Co, a Delaware corporation (the “Company”), VPE Holdings, LLC (the “Selling Shareholder”) and BofA Securities, Inc. (the “Underwriter”) entered into an underwriting agreement (the “Underwriting Agreement”), pursuant to which the Selling Shareholder agreed to sell to the Underwriter, and the Underwriter agreed to purchase from the Selling Shareholder, subject to and upon the terms and conditions set forth therein, 20,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A common stock”), of the Company.”
Earnings Releases
Vertiv Holdings Co reported second quarter ended June 30, 2023 results: revenue $1,734 million. Guidance raised.
“Vertiv reported second quarter net sales of $1,734 million”
Debt Financings
Vertiv Holdings Co amended term loan with Citibank, N.A. at SOFR-based interest rate.
“Pursuant to the Amendment, the interest rate under the Credit Agreement transitions, effective July 1, 2023, from the London Interbank Offered Rate (LIBOR) available for borrowings under the credit agreement and related LIBOR-based mechanics to an interest rate based on the Secured Overnight Financing Rate (SOFR) and related SOFR-based mechanics.”
Material Agreements
Vertiv Holdings Co amended Amendment No. 2 to Term Loan Credit Agreement with Citibank, N.A. valued at Interest rate transitions from LIBOR to SOFR effective July 1, 2023 (effective 2023-06-22).
“On June 22, 2023, Citibank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) entered into an Amendment no. 2 to Term Loan Credit Agreement (the “Amendment”), which amends that certain Term Loan Credit Agreement, dated as of March 2, 2020 (as amended by the Amendment No. 1 to Credit Agreement, dated as of March 10, 2021, and as amended by the Amendment, the “Credit Agreement”) by and among Vertiv Group Corporation, a Delaware corporation (“Borrower”) and an indirect wholly-owned subsidiary of Vertiv Holdings Co (the “Company”), Vertiv Intermediate Holding II Corporation, a Delaware corporation, as holdings and the direct parent of Borrower, the Administrative Agent and the several banks and other financial institutions or entities from time to time party thereto.”
Shareholder Votes
Vertiv Holdings Co shareholders approved Ratification of Ernst & Young LLP as independent auditor at the 2023-06-14 meeting.
“Proposal 3 : Stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, based on the following votes: For Against Abstentions Broker Non-Votes 326,111,184 5,891,124 288,286 —”
Shareholder Votes
Vertiv Holdings Co shareholders approved Advisory vote on compensation of named executive officers at the 2023-06-14 meeting.
“Proposal 2 : Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, based on the following votes: For Against Abstentions Broker Non-Votes 279,913,746 41,233,658 355,456 10,787,734”
Shareholder Votes
Vertiv Holdings Co shareholders approved Election of eleven directors at the 2023-06-14 meeting.
“Proposal 1 : Stockholders elected eleven directors to the Company’s Board of Directors, each for a term of one year expiring at the Company’s 2024 annual meeting of stockholders and until such director’s successor has been duly elected and qualified, based on the following votes: Director Nominee For Withhold Broker Non-Votes David M. Cote 313,207,897 8,294,963 10,787,734”
Earnings Releases
Vertiv Holdings Co reported three months ended March 31, 2023 results: revenue $1,521 million. Guidance raised.
“Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today reported financial results for its first quarter ended March 31, 2023. Vertiv reported first quarter net sales of $1,521 million”
Earnings Releases
Vertiv Holdings Co reported the fourth quarter ended December 31, 2022 results: revenue $1,655 million. Guidance raised.
“Vertiv reported fourth quarter net sales of $1,655 million, an increase of $244 million, or 17.3%, compared with last year’s fourth quarter and a 22.0% organic net sales increase (1), which excludes the impact of foreign currency, acquisitions and divestitures.”
Giordano Albertazzi was appointed as Member of the Board of Directors at Vertiv Holdings Co.
“Effective January 1, 2023, as previously announced on October 3, 2022, Vertiv Holdings Co (the “Company”) completed its succession plan as Giordano Albertazzi (“Albertazzi”) assumed the role of Chief Executive Officer of the Company and became a member of the Company’s board of directors”
Giordano Albertazzi changed role as Chief Executive Officer at Vertiv Holdings Co.
“Effective January 1, 2023, as previously announced on October 3, 2022, Vertiv Holdings Co (the “Company”) completed its succession plan as Giordano Albertazzi (“Albertazzi”) assumed the role of Chief Executive Officer of the Company and became a member of the Company’s board of directors”
Joseph J. DeAngelo was appointed as Director at Vertiv Holdings Co.
“the Board of the Company increased the authorized number of directors on the Board from ten to eleven and appointed Joseph J. DeAngelo to the Board, effective immediately”
Giordano Albertazzi was appointed as Director at Vertiv Holdings Co.
“Mr. Albertazzi will succeed Mr. Johnson on the Board of Directors as of January 1, 2023.”
Giordano Albertazzi was appointed as Chief Executive Officer at Vertiv Holdings Co.
“and will thereafter assume the role of Chief Executive Officer effective as of January 1, 2023.”
Giordano Albertazzi was appointed as Chief Operating Officer and President, Americas at Vertiv Holdings Co.
“The Company has also announced that Giordano Albertazzi, currently serving as President, Americas, has been appointed Chief Operating Officer and President, Americas of the Company effective immediately”
Rob Johnson departed as Director at Vertiv Holdings Co.
“Mr. Johnson will also step down from the Board of Directors effective December 31, 2022.”
Rob Johnson departed as Chief Executive Officer at Vertiv Holdings Co.
“On October 3, 2022, Rob Johnson, Chief Executive Officer of Vertiv Holdings Co (the “Company”) announced that he will retire from his position as CEO of the Company for health-related reasons effective as of December 31, 2022.”
Jakki Haussler was appointed as Director at Vertiv Holdings Co.
“On August 8, 2022, the Board of Directors of Vertiv Holdings Co (the “Company”) increased the authorized number of directors on the Board from nine (9) to ten (10) and appointed Jakki Haussler to the Board.”
Jason Forcier departed as Chief Operating Officer and Executive Vice President – Infrastructure and Solutions at Vertiv Holdings Co.
“Mr. Jason Forcier, the Company’s Chief Operating Officer and Executive Vice President – Infrastructure and Solutions, will be departing the Company on November 1, 2022 to pursue other interests.”
John Hewitt departed as President, Americas at Vertiv Holdings Co.
“Mr. John Hewitt, who is departing the Company effective immediately to pursue other interests.”
Giordano Albertazzi was appointed as President, Americas at Vertiv Holdings Co.
“On March 13, 2022, Vertiv Holdings Co (the “Company”) appointed Mr. Giordano Albertazzi as the Company’s President, Americas, with such appointment being effective as of March 14, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.