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
February 16, 2017
Date of Report (Date of Earliest Event Reported)
DUPONT FABROS TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland (State or Other Jurisdiction of Incorporation) | 001-33748 (Commission File Number) | 20 - 8718331 (I.R.S. Employer Identification No.) |
401 9th Street NW, Suite 600
Washington, D.C. 20004
(Address of Principal Executive Offices) (Zip Code)
(202) 728-0044
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule l4a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule l4d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule l3e-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.
(e)
Adoption of 2017 Short-Term Incentive Compensation Plan
On February 16, 2017, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of DuPont Fabros Technology, Inc. (the “Company”) adopted the Company’s 2017 Short-Term Incentive Compensation Plan (the “2017 STIC Plan”), which provides for the payment of cash incentive awards to plan participants in early 2018 if, and to the extent to which, certain performance objectives are achieved during 2017.
The Compensation Committee increased to 125%, from 100%, the percentage of annual base compensation on which the target opportunity for Christopher P. Eldredge, the Company's President and Chief Executive Officer, is based, but did not change the target opportunity percentages for any other named executive officer.
The summary set forth above is qualified in its entirety by reference the to 2017 STIC Plan, a copy of which is attached to this report as an exhibit.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| 10.1 | 2017 Short-Term Incentive Compensation Plan | |
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.
| DUPONT FABROS TECHNOLOGY, INC. | |
| February 22, 2017 | /s/ Richard A. Montfort, Jr. |
| Richard A. Montfort, Jr. | |
| Executive Vice President, General Counsel and Secretary | |
EXHIBIT INDEX
| Exhibit No. | Description | |
| 10.1 | 2017 Short-Term Incentive Compensation Plan | |