Iron Mountain Incorporated (IRM, Financial) recently held its Annual Meeting of Stockholders on May 29, 2025, where several significant decisions were made. The company's stockholders approved an amendment to the Iron Mountain 2014 Stock and Cash Incentive Plan. This amendment increases the number of shares authorized for issuance by 4,600,000, bringing the total from 20,750,000 to 25,350,000. Additionally, the termination date of the plan has been extended from May 12, 2031, to May 29, 2035.
During the meeting, ten directors were elected to serve one-year terms until the 2026 Annual Meeting of Stockholders. The stockholders also approved a nonbinding advisory resolution on the compensation of the company's named executive officers, as disclosed in the Proxy Statement.
Furthermore, the appointment of Deloitte & Touche LLP as Iron Mountain's independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by the stockholders.
In addition to these decisions, the Board of Directors, following recommendations from the Nominating and Governance Committee, approved appointments to the Audit, Compensation, and Nominating and Governance Committees. These appointments are effective at the conclusion of the Annual Meeting and are subject to the re-election of the appointed members.
Iron Mountain also announced appointments to its Finance Committee and Risk and Safety Committee, which are not mandated by the New York Stock Exchange rules. These appointments were similarly approved by the Board of Directors and are effective following the Annual Meeting.
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