EQUINIX INC 8-K

What Happened

• Equinix, Inc. filed an 8-K reporting that Mike Campbell will retire from his role as Chief Sales Officer effective March 31, 2026. The company and Mr. Campbell entered a Transition Agreement on February 16, 2026 under which he will serve as a part‑time Special Advisor through March 5, 2027 to assist with the handoff and provide strategic support to the Chief Customer and Revenue Officer.

Key Details

• Transition Agreement effective February 16, 2026; retirement effective March 31, 2026.
• Special Advisor term runs through March 5, 2027 (the “Transition Period”), but may end earlier for Cause (by the company) or at Mr. Campbell’s election; it also terminates automatically if he accepts full‑time work elsewhere (unless allowed).
• Compensation as Special Advisor: $150,000 base salary per year; not eligible for any bonus for performance periods after March 31, 2026.
• Previously granted equity awards will continue to vest during the Transition Period. The agreement also includes customary covenants and a release of claims by Mr. Campbell.

Why It Matters

• This is a planned leadership transition in Equinix’s sales and revenue organization with a defined handover period, reducing the risk of abrupt disruption to customer and revenue functions.
• The company preserves continuity (equity vesting continues) while limiting ongoing cash incentive cost (no bonus eligibility) and paying a defined, lower part‑time salary.
• Investors should note the transition timeline and any future disclosures about a permanent replacement for the CSO role or changes to sales leadership that could affect revenue execution.