Equinix (NASDAQ:EQIX) held its annual meeting of stockholders virtually, with Chief Executive Officer and President Adaire Fox-Martin presiding over the proceedings. The company said the virtual format was intended to maximize access and participation.
Maggie Paige, Equinix’s vice president of legal, corporate and governance, introduced members of the board, executives and representatives in attendance, including Chief Financial Officer Olivier Leonetti, Chief Legal Officer Kurt Pletcher, Vice President of Investor Relations Ryan Burke and Stephanie Marela of PricewaterhouseCoopers, the company’s independent auditor.
Quorum Established
Paige reported that 98,623,487 shares of common stock were outstanding and entitled to vote as of the record date. According to the preliminary report from the inspector of election, 89,668,772 shares were represented by proxy, or about 90.92% of shares entitled to vote.
Based on that report, Fox-Martin said proper notice had been given and that a quorum was present. Voting opened at 10:05 a.m. Pacific Time on May 13, 2026, for stockholders who had not yet voted or who wished to change a previously submitted vote.
Director Nominees Elected
The first proposal before stockholders was the election of 10 directors for one-year terms expiring at the 2027 annual meeting. The nominees were Nanci Caldwell, Adaire Fox-Martin, Gary Hromadko, Rebecca Kujawa, Yanbing Li, Charles Meyers, Thomas Olinger, Christopher Paisley, Sandra Rivera and Fidelma Russo.
Fox-Martin said no other nominations were received before the deadline established in the company’s bylaws. Paige later announced, based on preliminary voting results, that each nominee had been elected as a director until the 2027 annual meeting and until successors are duly elected and qualified.
Executive Compensation and Auditor Ratification Approved
Stockholders also approved, on a non-binding advisory basis, the fiscal year 2025 compensation of Equinix’s named executive officers. Fox-Martin said the advisory vote would provide information to the board and its Talent, Culture, and Compensation Committee regarding investor sentiment about the company’s executive compensation philosophy, policies and practices.
In addition, stockholders ratified the appointment of PwC as Equinix’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026. The board had recommended ratification of PwC’s appointment.
Shareholder Proposal Rejected
Stockholders considered a proposal from shareholder John Chevedden that sought to lower the ownership threshold required to call a special shareholder meeting to 10% of outstanding common stock. Chevedden said in his presentation that a 10% threshold would provide a “reasonable shareholder ability” to call a special meeting and argued that higher thresholds, such as 15% or more, appear too difficult to use in practice.
Chevedden also said the proposal called for the right to be incorporated into Equinix’s bylaws and for the bylaws to be published on the company’s website for easier access.
Paige announced that the shareholder proposal related to lowering the stock ownership threshold required to call a special meeting was not approved.
Meeting Adjourned
The polls closed at 10:11 a.m. Pacific Time. Paige said the company would file the final report of the inspector of election with the meeting records and expected to report voting results on a Form 8-K to be filed with the Securities and Exchange Commission within four business days.
Ryan Burke, Equinix’s vice president of investor relations, said there were no questions on the proposals during the meeting. After the formal business was completed, the meeting was adjourned.
About Equinix (NASDAQ:EQIX)
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
