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DFT > SEC Filings for DFT > Form 8-K on 10-Dec-2013All Recent SEC Filings

Show all filings for DUPONT FABROS TECHNOLOGY, INC.

Form 8-K for DUPONT FABROS TECHNOLOGY, INC.


10-Dec-2013

Change in Directors or Principal Officers


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

(c), (e)
On December 4, 2013, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of DuPont Fabros Technology, Inc. (the "Company"), increased the compensation of Jeffrey H. Foster in connection with his appointment by the Board to become the Company's Executive Vice President and Chief Financial Officer. The Company previously filed a report on Form 8-K on November 13, 2013, to announce Mr. Foster's appointment. Specifically, the Committee increased Mr. Foster's annual base salary to $340,000, from $262,000. In addition, the Committee awarded Mr. Foster 8,728 shares of restricted common stock of the Company. These shares are subject to forfeiture until they vest, and are scheduled to vest ratably over a period of three years, on December 1, 2014, December 1, 2015 and December 1, 2016. The award is subject to the terms and conditions of a restricted stock award agreement, a form of which has been filed previously as an exhibit to the Company's annual report on Form 10-K for the year ended December 31, 2012.


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