Equinix: SEC Options Inquiry Ends

Equinix (EQIX) said today that the Securities and Exchange Commission (SEC) has formally notified the company that its investigation of Equinix’s stock option practices has ended, and no enforcement action was recommended. Equinix announced in June that it had received an informal inquiry from the SEC about to its stock option practices. An internal review found that the dates on some options differed from their recorded grant dates, and Equinix said in August that it would book additional stock-option expenses.

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About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.