Lineage, Inc. Appoints New CFO, Michael T. Roney

TL;DR

Lineage Inc. got a new CFO, Michael Roney, starting Dec 16th. Old CFO, Chris Brown, out.

AI Summary

Lineage, Inc. announced on December 10, 2024, the appointment of Michael T. Roney as Chief Financial Officer, effective December 16, 2024. Roney will receive an annual base salary of $350,000 and will be eligible for a discretionary annual bonus. The company also reported the departure of its previous CFO, Christopher J. Brown, on December 10, 2024.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $350,000 — Annual Base Salary (For the new Chief Financial Officer, Michael T. Roney.)

Key Players & Entities

• Lineage, Inc. (company) — Registrant
• Michael T. Roney (person) — Newly appointed Chief Financial Officer
• Christopher J. Brown (person) — Departing Chief Financial Officer
• $350,000 (dollar_amount) — Annual base salary for new CFO

FAQ

Key Financial Figures

• $0.01 — ch registered Common stock, par value $0.01 per share LINE Nasdaq Global Select M
• $1,000,000 — ing partnership ("LTIP Units") equal to $1,000,000 divided by the closing price of a share
• $0.5275 — y declared a quarterly cash dividend of $0.5275 per share of common stock. The dividend

Filing Documents

• line-20241210.htm (8-K) — 34KB
• lineage_globallong-termass.htm (EX-10.1) — 29KB
• lineage-firstamendmenttoex.htm (EX-10.2) — 12KB
• dividendannouncementrelease.htm (EX-99.1) — 9KB
• image_0a.jpg (GRAPHIC) — 17KB
• 0001868159-24-000022.txt ( ) — 240KB
• line-20241210.xsd (EX-101.SCH) — 2KB
• line-20241210_lab.xml (EX-101.LAB) — 21KB
• line-20241210_pre.xml (EX-101.PRE) — 12KB
• line-20241210_htm.xml (XML) — 3KB

01 – Regulation FD Disclosure

Item 7.01 – Regulation FD Disclosure On December 11, 2024, Lineage, Inc. (the "Company") issued a press release announcing that the board of directors of the Company declared a quarterly cash dividend of $0.5275 per share of common stock. The dividend will be payable to shareholders of record on December 31, 2024 and will be paid on or before January 21, 2025. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 - Financial Statements and Exhibits

Item 9.01 - Financial Statements and Exhibits (d): The following exhibits are being filed herewith: Exhibit No. Description 10.1 International Long-Term Assignment Letter, dated December 10, 2024 10.2 First Amendment to Lineage, Inc. Executive Severance Plan Participation Agreement by and between Lineage, Inc. and Sean Vanderelzen, dated December 10, 2024 99.1 Lineage, Inc. Press Release dated December 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Lineage, Inc. (Registrant) December 11, 2024 /s/ Robert Crisci Date (Signature) Robert Crisci Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR