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SEC Filings

EQUINIX INC filed this Form 8-K on 10/12/2018
Entire Document

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 12, 2018, Equinix, Inc. (“Equinix”) and Charles Meyers, Equinix’s Chief Executive Officer and President, agreed to amended terms governing his relocation to Redwood City, CA. As relocation assistance, Mr. Meyers will receive a one-time cash payment of $300,000, subject to Federal, State and Medicare withholding taxes. In addition, Equinix shall offer support to Mr. Meyers in selling an existing residence through a structured home sale program. Should Mr. Meyers’s employment with Equinix terminate within 12 months from October 12, 2018, voluntarily or for cause, all relocation assistance must be repaid in full to Equinix.