CEO Gary Wojtaszek, CyrusOne Inc. Insider Buys $226,900 of Shares on June 13, 2014
Gary Wojtaszek, CEO of CyrusOne Inc., bought 10,000 shares of CyrusOne Inc. (Stock Symbol: CONE) at $22.69 per share for a total amount of $226.9 thousand on June 13, 2014.
CyrusOne Inc. is based in Carrollton, Texas.
On June 11,2014, CyrusOne Inc. announced that it was selected to receive a Stevie® Award. CyrusOne is being recognized in the Internet/Telecom category for marketing campaign of the year, and is expected to be awarded a gold, silver, or bronze Stevie Award at the American Business Awards (ABA) new product and tech awards ceremony in San Francisco on Friday, September 12.
On May 7, 2014, CyrusOne Inc. announced its latest quarterly results. Revenue was $77.5 million for the first quarter, compared to $60.1 million for the same period in 2013, an increase of 29%. Operating income of $11.8 million improved $23.3 million from the first quarter of 2013, as a $17.4 million increase in revenue and a $20.0 million decrease in non-recurring costs were partially offset by increases in property operating expenses of $7.6 million, depreciation and amortization of $5.9 million, and sales, general and administrative expenses of $0.6 million. Net income was $0.7 million for the first quarter, compared to a net loss of $23.0 million for the same period in 2013.
According to Capital IQ, CyrusOne Inc. has a market cap of $510.48 million, an enterprise value of $992.17 million, and trailing 12 month revenues of $280.90 million.
CyrusOne Inc., a real estate investment trust (REIT), is engaged in the ownership, operation, and development of enterprise-class, carrier neutral data centers. It provides data center facilities that protect and ensure the continued operation of information technology infrastructure. As of December 31, 2013, the companys property portfolio included 25 operating data centers in the United States, the United Kingdom, and Singapore collectively providing approximately 1,975,000 net rentable square feet. Its customers operate in various industries, including energy, oil and gas, mining, medical, technology, finance, and consumer goods and services. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
Gary Wojtaszek’s most recent annual compensation from CyrusOne Inc. is a salary of $5.83 million, $905,460 in other compensation, and a total compensation of $576,000. Mr. Wojtaszek is 47 years old.
According to his biography, Mr. Gary J. Wojtaszek is President, Chief Executive Officer, Director of CyrusOne Inc. Mr. Wojtaszek was appointed to CBI’s board of directors on July 29, 2011, and was named President of CyrusOne effective August 5, 2011. Upon consummation of this offering, Mr. Wojtaszek will resign as a member of CBI’s board of directors. Prior to becoming the President of CyrusOne in August 2011, Mr. Wojtaszek served as Chief Financial Officer of CBI beginning July 2008 and as Senior Vice President, Treasurer and Chief Accounting Officer for the Laureate Education Corporation in Baltimore, Maryland from 2006 to 2008. Prior to that, Mr. Wojtaszek worked from 2001 to 2008 at Agere Systems, the semiconductor and optical electronics communications division of Lucent Technologies, which was subsequently spun-off through an initial public offering. While at Agere Systems, Mr. Wojtaszek worked in a number of finance positions, ultimately serving as the Vice President of Corporate Finance, overseeing all Controllership, Tax and Treasury functions. Mr. Wojtaszek started his career in General Motors Company’s New York treasury group and joined Delphi Automotive Systems as the regional European treasurer in connection with the initial public offering and spin-off of Delphi Automotive Systems from General Motors. Mr. Wojtaszek has an MBA from Columbia University and a BA from Rutgers University.
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