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SECURITIES AND EXCHANGE COMMISSION (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Fiscal Year Ended December 31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number 1-13045_________________________________________________________ IRON MOUNTAIN INCORPORATED (Exact name of Registrant as Specified in Its Charter) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company" and "emerging growth company"in Rule 12b-2 of the Exchange Act. (Check one): Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that preparedor issued its audit report. Yes☒No☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of June 30, 2024, the aggregate market value of the Common Stock of the registrant held by non-affiliates of the registrant was approximately$25.7 billion based on the closing price on the New York Stock Exchange on such date. Number of shares of the registrant’s Common Stock at February 7, 2025: 293,740,905 DOCUMENTS INCORPORATED BY REFERENCE Certain information required in Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K (the"Annual Report") is incorporated byreference from our definitive Proxy Statement for our 2025 Annual Meeting of Stockholders (our "Proxy Statement") to be filed with the Securities andExchange Commission (the "SEC") within 120 days after the close of the fiscal year ended December 31, 2024. TABLE OF CONTENTS References in this Annual Report on Form 10-K for the year ended December 31, 2024 (this "Annual Report") to "the Company","Iron Mountain", "we", "us" or "our" include Iron Mountain Incorporated, a Delaware corporation, and its predecessor, as applicable,and its consolidated subsidiaries, unless the context indicates otherwise. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS We have made statements in this Annual Report that constitute "forward-looking statements" as that term is defined in the PrivateSecurities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements concern our currentexpectations regarding our future results from operations, economic performance, financial condition, goals, strategies, investmentobjectives, plans and achievements. These forward-looking statements are subject to various known and unknown risks,uncertainties and other factors, and you should not rely upon them except as statements of our present intentions and of ourpresent expectations, which may or may not occur. When we use words such as "believes", "expects", "anticipates", "estimates","plans", "intends", "pursue", "will" or similar expressions, we are making forward-looking statements. Although we believe that ourforward-looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual resultsmay differ materially from our expectations