Lineage, Inc. Director Resigns; Paul Beiboer Appointed; CTO Transition

What Happened
Lineage, Inc. filed an 8-K reporting that director James Wyper resigned effective September 22, 2026, and the Board appointed Paul Beiboer as a director on September 23, 2026 to fill the vacancy. Mr. Beiboer was also added to the Board’s Talent and Compensation Committee and will serve until the 2027 annual meeting. Separately, Chief Transformation Officer Sudarsan Thattai’s executive duties were transitioned to other management effective September 28, 2026; he will cease to be an executive officer on that date and remain with the company as a Special Adviser through his previously disclosed retirement date of April 2, 2027.

Key Details

• James Wyper resigned from the Board effective September 22, 2026; resignation not due to any disagreement with the company.
• Paul Beiboer appointed September 23, 2026; will serve until the 2027 annual meeting and join the Talent and Compensation Committee. No related-party arrangements or required Item 404 disclosures were reported.
• Mr. Beiboer will receive pro-rated non-employee director compensation under Lineage’s standard program and will enter the company’s standard director indemnification agreement.
• Sudarsan Thattai’s Transformation responsibilities transitioned effective September 28, 2026; Transition Agreement dated September 23, 2026 keeps him as Special Adviser through retirement (April 2, 2027) with substantially the same compensation and benefit participation.

Why It Matters
Board composition and committee membership changes can affect governance and oversight—adding Mr. Beiboer to the Talent and Compensation Committee signals continuity in oversight of executive pay and talent matters. The planned transition of Mr. Thattai’s duties to other management, with him remaining as an adviser through April 2, 2027, is intended to provide continuity for transformation and IT initiatives while completing a phased retirement. The filing notes standard compensation and indemnification arrangements, with no unusual payments or related-party transactions disclosed.