EQUINIX INC

The proposal requests that Equinix amend its governing documents (and bylaws) to allow holders of a combined 10% of outstanding common stock—or the lowest percentage permitted under applicable state law—to call a special shareholder meeting, with no unnecessary requirements for minimum holding periods or that most petitioning shareholders be record holders. It asks that such meetings be able to be convened online and that the amended bylaws be published on Equinix’s website for easy access. The proponent argues the current higher threshold (previously 25%, now 15% at Equinix) is too high and makes the right to call special meetings impractical, and cites recent company challenges in 2025 (guidance downgrade, transaction delays, energy/power issues, and a lawsuit settlement) as reasons why easier access to special meetings would improve director accountability. The proposal is focused on enhancing shareholder ability to initiate expedited governance action rather than specifying particular substantive actions for the company to take at such meetings.