DUPONT FABROS TECHNOLOGY, INC. (NYSE:DFT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Committee) of the Board of Directors (the Board) of DuPont Fabros
Technology, Inc. (the Company) adopted the Companys 2017
Long-Term Incentive Compensation Plan (the 2017 LTIC Plan) for
plan participants, including the named executive officers. Lammot
J. du Pont, the Companys Chairman of the Board, will not be a
participant in the 2017 LTIC Plan.
(Performance Units) and shares of time-vesting restricted common
stock of the Company (Restricted Stock).
equity-based incentive awards under the 2017 LTIC Plan:
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Christopher P. Eldredge, the Companys President and Chief
Executive Officer, 36,913 Performance Units and 52,732 shares of Restricted Stock; |
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Scott A. Davis, the Companys Executive Vice President,
Chief Technology Officer, 6,856 Performance Units and 6,856 shares of Restricted Stock; |
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Jeffrey H. Foster, the Companys Executive Vice President,
Chief Financial Officer and Treasurer, 7,910 Performance Units and 7,910 shares of Restricted Stock; |
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Maria Kenny, the Companys Executive Vice President, Chief
Development Officer, 4,219 Performance Units and 4,219 shares of Restricted Stock; and |
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Richard A. Montfort, the Companys Executive Vice President,
General Counsel and Secretary, 4,219 Performance Units and 4,219 shares of Restricted Stock. |
the participant remains continuously employed by the Company or
an affiliate of the Company until that date, (b) with respect to
one-half of each Performance Unit award, the total stockholder
return of the Companys common stock for the three-year
performance period beginning on January 1, 2017 (the Performance
Period) meets or exceeds the return of the MSCI US REIT Index for
the Performance Period, and (c) with respect to the remaining
half of each Performance Unit award, the total stockholder return
of the Companys common stock for the Performance Period meets or
exceeds the return of an index of publicly-traded data center
companies for the Performance Period.
so long as he remains continuously employed by the Company or an
affiliate of the Company from the date of the grant through the
vesting date. The Restricted Stock awards to Messrs. Davis,
Foster and Montfort and Ms. Kenny vest ratably in three equal
portions on each of March 1, 2018, 2019 and 2020 so long as the
applicable participant remains continuously employed by the
Company or an affiliate of the Company from the date of the grant
through the applicable vesting date.
Stock Unit Award Agreement and Restricted Stock Award Agreements
are attached to this report as exhibits. The summary set forth
above is qualified in its entirety by reference to each of these
documents.
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Exhibit No.
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Description
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10.1
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2017 Long-Term Incentive Compensation Plan
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10.2
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Form of Performance Stock Unit Award Agreement
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10.3
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Form of Restricted Stock Award Agreement
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10.4
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Form of Restricted Stock Award Agreement
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About DUPONT FABROS TECHNOLOGY, INC. (NYSE:DFT)
DuPont Fabros Technology, Inc. (DFT) is a real estate investment trust (REIT). The Company is a self-administered and self-managed company that owns, acquires, develops and operates wholesale data centers. The Company’s customers outsource their applications, and include national and international enterprises across various industries, such as technology, Internet content providers, media, communications, cloud providers, healthcare and financial services. Its data centers are located in four population centers: Northern Virginia; suburban Chicago, Illinois; Piscataway, New Jersey, and Santa Clara, California. The Company owns various properties, including approximately 10 operating data centers facilities; over three phases of existing data center facilities under development; approximately two data center facilities with phases that are available for future development, and over three parcels of land held for future development of data centers. DUPONT FABROS TECHNOLOGY, INC. (NYSE:DFT) Recent Trading Information
DUPONT FABROS TECHNOLOGY, INC. (NYSE:DFT) closed its last trading session up +0.06 at 47.04 with 919,482 shares trading hands.