Lineage, Inc 8-K, filed Sep 24, 2026
Lineage, Inc. (LINE)
8-K
2026-09-24
For: 2026-09-22
View Original
Added on
September 24, 2026
About this 8-K
Lineage, Inc filed this 8-K on September 24, 2026, reporting on events of September 22, 2026.
Lineage appointed Paul Beiboer as a director and member of its Talent and Compensation Committee on September 23, 2026; Sudarsan Thattai will cease serving as an executive officer on September 28, 2026 and remain an adviser through April 2, 2027. AI summary
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director
On September 22, 2026, James Wyper notified the Board of Directors (the "Board") of Lineage, Inc. (the “Company”) of his resignation as a director of the Company, effective immediately. Mr. Wyper's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company thanks Mr. Wyper for his years of service and valuable contributions to the Board.
Appointment of Director
On September 23, 2026, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Paul Beiboer as a director of the Company, effective immediately, to fill the vacancy on the Board created by Mr. Wyper's resignation. Mr. Beiboer will serve as a director until the Company's 2027 annual meeting of stockholders and until his successor is duly elected and qualifies, or until his earlier resignation, death or removal. The Board also appointed Mr. Beiboer to serve as a member of the Talent and Compensation Committee of the Board, effective immediately.
There are no arrangements or understandings between Mr. Beiboer and any other person pursuant to which Mr. Beiboer was appointed as a director of the Company. There are no transactions between Mr. Beiboer and the Company that would require disclosure pursuant to Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. Beiboer will receive pro-rated compensation in accordance with the Company's Non-Employee Director Compensation Program, a copy of which was included as Exhibit 10.25 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on February 25, 2026. In addition, Mr. Beiboer will enter into the Company's standard form of indemnification agreement for directors.
Transition of Chief Transformation Officer
As previously disclosed in a Current Report on Form 8-K filed on April 9, 2026, Sudarsan Thattai, Chief Transformation Officer and former Chief Information Officer of the Company, notified the Company of his planned retirement from the Company on April 2, 2027 (the “Retirement Date”). Mr. Thattai's Chief Information Officer responsibilities were previously transitioned to other members of management. On September 23, 2026, Mr. Thattai and the Company mutually determined that Mr. Thattai's Chief Transformation Officer responsibilities would be transitioned to other members of management, effective September 28, 2026 (the “Transition Date”). Mr. Thattai will cease to serve as an executive officer of the Company as of the Transition Date and will remain with the Company as an adviser through the Retirement Date.
To support the transition, the Company entered into a Transition Agreement with Mr. Thattai on September 23, 2026 that is expected to run through the Retirement Date, pursuant to which Mr. Thattai will serve as a Special Adviser to the Company and continue to receive substantially the same compensation and participate in the same employee benefit plans on the same basis as while he was serving as Chief Transformation Officer.
Item 7.01 – Regulation FD Disclosure.
On September 24, 2026, the Company issued a press release announcing the appointment of Mr. Beiboer to the Board and the resignation of Mr. Wyper. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information included in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 – Financial Statements and Exhibits
(d): The following exhibits are being filed herewith:
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 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.
| (Registrant) | ||||||||
| September 24, 2026 | /s/ Natalie Matsler | |||||||
| Date | (Signature) | |||||||
| Natalie Matsler | ||||||||
| Chief Legal Officer & Corporate Secretary | ||||||||
Lineage Announces New Appointment to its Board of Directors NOVI, MI. – Lineage, Inc. (NASDAQ: LINE) (“Lineage” or the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced the appointment of Paul Beiboer to its Board of Directors (“Board”). Beiboer’s appointment to the Board is effective September 23, 2026, and he will also serve as a member of the Board’s Talent and Compensation Committee. Beiboer brings to the Board more than three decades of global leadership experience across the financial services, food and agriculture sectors, as well as experience leading significant business transformation initiatives. His past roles include a more than 30-year tenure at Rabobank, where he served as Chief Executive Officer of its North American operations, and, prior to that, CEO of its European operations (outside of the Netherlands). He currently holds several board and advisory positions, bringing additional expertise in growth, governance and navigating complex global markets. Beiboer’s appointment follows the transition of James Wyper off the Board. Luke Taylor, a current member of the Board, will continue to represent Stonepeak Aspen Holdings LLC on the Board following Wyper’s transition. “On behalf of the Board and Lineage’s executive leadership team, I am pleased to welcome Paul to the Board and look forward to the valuable perspectives his global leadership and deep understanding of our industry will bring as we continue to advance Lineage’s long-term strategy,” said Greg Lehmkuhl, President and CEO of Lineage. “We also extend our sincere thanks to James for his service and many contributions to Lineage.” --- About Lineage Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of 498 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific, as of June 30, 2026. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X. Forward-Looking Statements Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking
terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release. Investor Relations Contact Ki Bin Kim VP, Investor Relations ir@onelineage.com Media Contact Megan Klein VP, Global Marketing & Communications pr@onelineage.com ###