Iron Mountain 8K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 13,
2007
IRON
MOUNTAIN INCORPORATED
(Exact
name of registrant as specified in its charter)
DELAWARE
(State
or other jurisdiction of incorporation)
|
1-13045
(Commission
File Number)
|
23-2588479
(IRS
Employer Identification No.)
|
745
Atlantic Avenue
Boston,
Massachusetts 02111
(Address
of principal executive offices, including zip code)
(617)
535-4766
(Registrant's
telephone number, including area code)
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:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
February 8, 2007, Iron Mountain Incorporated (the “Company”) issued a press
release announcing that Brian McKeon will become the Company’s Chief Financial
Officer. Mr. McKeon, 44, joins the Company from The Timberland Company (NYSE:
TBL), a $1.6 billion global footwear and apparel company based in New Hampshire,
where he has served in a similar capacity since 2000. Prior to joining The
Timberland Company, Mr. McKeon spent more than eight years at PepsiCo, during
which time he held several executive positions in finance and strategic
planning, culminating in his being named Vice President, Finance of the
Pepsi-Cola North America division. Mr. McKeon received a BS in Accounting
from
the University of Connecticut and an MBA from Harvard University. Mr. McKeon
will assume the role of Chief Financial Officer from John F. Kenny, Jr.,
who has
been named Executive Vice President, Corporate Development. Mr. Kenny will
continue in the role of Chief Financial Officer until Mr. McKeon assumes
his new
post. Mr. McKeon is expected to assume his responsibilities in May
2007.
Mr.
McKeon has no family relationships with any director or executive officer
of the
Company, and there are no transactions in which Mr. McKeon has an interest
requiring disclosure under Item 404(a) of Regulation S-K.
The
Compensation Committee of the Company’s Board of Directors has approved the
following compensation arrangements for Mr. McKeon: (1) an annual base salary
of
$450,000, with a review in March 2008; (2) incentive compensation of up to
100%
of the annual base salary in 2007 and up to 100% of earned base wages in
subsequent years, as part of the Company's incentive compensation plan; and
(3)
stock options with a total grant value of up to $13,000,000. The exercise
price
of the options will equal the fair market value of the underlying common
stock on the date of grant. Mr. McKeon will receive other benefits
similar to other executive officers, including the ability to defer a
portion of his compensation.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
| |
IRON
MOUNTAIN INCORPORATED
(Registrant)
By: /s/ Garry
B.
Watzke
Name:
Garry B. Watzke
Title: SVP
and General Counsel
|
Date:
February 13, 2007