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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): August 23, 2021

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DIGITAL REALTY TRUST, INC.

DIGITAL REALTY TRUST, L.P.

(Exact name of registrant as specified in its charter)

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(737) 281-0101

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 23, 2021, the Compensation Committee (the “Committee”) of the Board of Directors of Digital Realty Trust, Inc. (the “Company”) approved an amendment (the “Amendment”) to the employment agreement, dated July 2, 2018, between the Company, DLR LLC and A. William Stein, our Chief Executive Officer (the “Employment Agreement”). The Company and DLR LLC (together, the “Employer”) entered into the Amendment on August 24, 2021 following approval by the Committee.

Pursuant to the Amendment, subject to earlier termination as provided in the Employment Agreement, the term of Mr. Stein’s employment with the Company under the Employment Agreement will automatically be extended each year for successive one-year periods until either the Employer or Mr. Stein provides 60 days written notice of non-extension prior to the expiration of the then-current term.  The Amendment also amends the Employment Agreement to reflect that Mr. Stein’s principal place of employment is the Company’s office in Austin, Texas and to reflect Mr. Stein’s current target and maximum annual bonus, which are equal to 200% and 400%, respectively, of his base salary for such year.

The foregoing description of the Amendment is qualified in its entirety by the full text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

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Date: August 27, 2021

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