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SEC Comment Letter for IRON MOUNTAIN INC (IRM) (CIK 0001020569) (IRM) — Aug 31, 2022

IRON MOUNTAIN INC (IRM) (CIK 0001020569)
Date: Aug. 31, 2022 · CIK: 0001020569 · Accession: 0000000000-22-009477

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File numbers found in text: 001-13045

Date
August 31, 2022
Author
Jennifer Gowetski
Form
UPLOAD
Company
IRON MOUNTAIN INC (IRM) (CIK 0001020569)

Letter

United States securities and exchange commission logo August 31, 2022 William L. Meaney Chief Executive Officer Iron Mountain Inc. One Federal Street Boston, Massachusetts 02110 Re:Iron Mountain Inc. Definitive Proxy Statement on Schedule 14A Filed March 31, 2022 File No. 001-13045 Dear Mr. Meaney: We have limited our review of your most recent definitive proxy statement to those issues we have addressed in our comments. Please respond to these comments by confirming that you will enhance your future proxy disclosures in accordance with the topics discussed below as well as any material developments to your risk oversight structure. For guidance, refer to Item 407(h) of Regulation S-K. Definitive Proxy Statement on Schedule 14A filed March 31, 2022 General 1.Please expand your discussion of the reasons you believe that your leadership structure is appropriate, addressing your specific characteristics or circumstances. In your discussion, please also address the circumstances under which you would consider having the Chair and CEO roles filled by a single individual, when shareholders would be notified of any such change, and whether you will seek prior input from shareholders. 2.Please expand upon the role that your Independent Chairman plays in the leadership of the board. For example, please enhance your disclosure to address whether or not your Independent Chairman may:

•represent the board in communications with shareholders and other stakeholders; •require board consideration of, and/or override your CEO on, any risk matters; or •provide input on design of the board itself. 3.Please expand upon how your board administers its risk oversight function. For example, please disclose:

FirstName LastNameWilliam L. Meaney Comapany NameIron Mountain Inc. August 31, 2022 Page 2 FirstName LastName William L. Meaney Iron Mountain Inc. August 31, 2022 Page 2

•the timeframe over which you evaluate risks (e.g., short-term, intermediate-term, or long-term) and how you apply different oversight standards based upon the immediacy of the risk assessed; •whether you consult with outside advisors and experts to anticipate future threats and trends, and how often you re-assess your risk environment; •how the board interacts with management to address existing risks and identify significant emerging risks; •whether you have a Chief Compliance Officer and to whom this position reports; and •how your risk oversight process aligns with your disclosure controls and procedures.

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Jennifer Gowetski at 202-551-3401 or Amanda Ravitz at 202-551- 3412 with any questions. Sincerely, Division of Corporation Finance Disclosure Review Program

Show Raw Text
United States securities and exchange commission logo
August 31, 2022
William L. Meaney
Chief Executive Officer
Iron Mountain Inc.
One Federal Street
Boston, Massachusetts 02110
Re:Iron Mountain Inc.
Definitive Proxy Statement on Schedule 14A
Filed March 31, 2022
File No. 001-13045
Dear Mr. Meaney:
            We have limited our review of your most recent definitive proxy statement to those issues
we have addressed in our comments.
            Please respond to these comments by confirming that you will enhance your future proxy
disclosures in accordance with the topics discussed below as well as any material developments
to your risk oversight structure. For guidance, refer to Item 407(h) of Regulation S-K.
Definitive Proxy Statement on Schedule 14A filed March 31, 2022
General
1.Please expand your discussion of the reasons you believe that your leadership structure is
appropriate, addressing your specific characteristics or circumstances. In your discussion,
please also address the circumstances under which you would consider having the Chair
and CEO roles filled by a single individual, when shareholders would be notified of any
such change, and whether you will seek prior input from shareholders.
2.Please expand upon the role that your Independent Chairman plays in the leadership of the
board. For example, please enhance your disclosure to address whether or not your
Independent Chairman may:

•represent the board in communications with shareholders and other stakeholders;
•require board consideration of, and/or override your CEO on, any risk matters; or
•provide input on design of the board itself.
3.Please expand upon how your board administers its risk oversight function. For example,
please disclose:

 FirstName LastNameWilliam L. Meaney
 Comapany NameIron Mountain Inc.
 August 31, 2022 Page 2
 FirstName LastName
William L. Meaney
Iron Mountain Inc.
August 31, 2022
Page 2

•the timeframe over which you evaluate risks (e.g., short-term, intermediate-term, or
long-term) and how you apply different oversight standards based upon the
immediacy of the risk assessed;
•whether you consult with outside advisors and experts to anticipate future threats and
trends, and how often you re-assess your risk environment;
•how the board interacts with management to address existing risks and identify
significant emerging risks;
•whether you have a Chief Compliance Officer and to whom this position reports; and
•how your risk oversight process aligns with your disclosure controls and procedures.

            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            Please contact Jennifer Gowetski at 202-551-3401 or Amanda Ravitz at 202-551-
3412 with any questions.
Sincerely,
Division of Corporation Finance
Disclosure Review Program