<SEC-DOCUMENT>0001193125-19-103892.txt : 20190411
<SEC-HEADER>0001193125-19-103892.hdr.sgml : 20190411
<ACCEPTANCE-DATETIME>20190411163003
ACCESSION NUMBER:		0001193125-19-103892
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190411
DATE AS OF CHANGE:		20190411
EFFECTIVENESS DATE:		20190411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Prologis, Inc.
		CENTRAL INDEX KEY:			0001045609
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				943281941
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13545
		FILM NUMBER:		19744126

	BUSINESS ADDRESS:	
		STREET 1:		PIER 1 BAY 1
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		4153949000

	MAIL ADDRESS:	
		STREET 1:		PIER 1 BAY 1
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMB PROPERTY CORP
		DATE OF NAME CHANGE:	19970916
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d725714ddefa14a.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL MATERIALS
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<HTML><HEAD>
<TITLE>Definitive Additional Materials</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13.5pt; font-family:Calibri" ALIGN="center"><FONT COLOR="#58595b"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13.5pt; font-family:Calibri" ALIGN="center"><FONT COLOR="#58595b"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:Calibri" ALIGN="center"><FONT COLOR="#58595b"><B>Washington, D.C. 20549 </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Calibri" ALIGN="center"><FONT COLOR="#58595b"><B>SCHEDULE 14A </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:Calibri" ALIGN="center"><FONT
 COLOR="#58595b"><B><FONT STYLE="white-space:nowrap">(Rule&nbsp;14a-101)</FONT> </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:Calibri" ALIGN="center"><FONT COLOR="#58595b"><B>Proxy Statement Pursuant to
Section&nbsp;14(a) of the Securities </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:Calibri" ALIGN="center"><FONT COLOR="#58595b"><B>Exchange Act of 1934 (Amendment No.) </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Calibri"><FONT COLOR="#58595b">Filed by the
Registrant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9746;</FONT> </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:Calibri"><FONT COLOR="#58595b">Filed by a Party other than the
Registrant&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT> </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:Calibri"><FONT COLOR="#58595b">Check the appropriate
box: </FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Calibri; font-size:9.5pt" ALIGN="center">


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<TD></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b"><B>Confidential, for Use of the Commission Only&nbsp;(as permitted by Rule <FONT STYLE="white-space:nowrap">14a-6(e)(2))</FONT></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9746;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Soliciting Material Pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #58595b"><FONT STYLE="font-size:18pt" COLOR="#58595b"><B>Prologis, Inc.</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #58595b"><FONT STYLE="font-size:10pt" COLOR="#58595b"><B>(Name of Registrant as Specified In Its Charter)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT STYLE="font-size:10pt" COLOR="#58595b"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top" COLSPAN="5"><FONT COLOR="#58595b">Payment of Filing Fee (Check the appropriate box):</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9746;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">No fee required.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Fee computed on table below per Exchange Act Rules <FONT STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and <FONT STYLE="white-space:nowrap">0-11.</FONT></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Title of each class of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Aggregate number of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#58595b">(3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule <FONT STYLE="white-space:nowrap">0-11</FONT> (set forth the amount on which the filing fee is calculated and
state how it was determined):</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">(4)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Proposed maximum aggregate value of transaction:</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">(5)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Total fee paid:</FONT></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Fee paid previously with preliminary materials.</FONT></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#58595b"><FONT STYLE="font-family:Times New Roman" COLOR="#58595b">&#9744;</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#58595b">Check box if any part of the fee is offset as provided by Exchange Act Rule <FONT STYLE="white-space:nowrap">0-11(a)(2)</FONT> and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
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<TD VALIGN="bottom"><FONT COLOR="#58595b">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Amount Previously Paid:</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT COLOR="#58595b">(2)</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#58595b">Form, Schedule or Registration Statement No.:</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">(3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Filing Party:</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">(4)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#58595b">Date Filed:</FONT></TD></TR>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following provides supplemental information&nbsp;regarding our board&#146;s determination of the
independence of our director, Philip Hawkins: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our board of directors determined that Philip Hawkins is an independent director in accordance
with&nbsp;New York Stock Exchange (&#147;NYSE&#148;)&nbsp;rules and regulations.&nbsp;Our board comprises 12 directors, 11 of whom (92%) are independent under NYSE standards of independence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100% of our audit committee (comprising&nbsp;5 members including Mr.&nbsp;Hawkins) are independent under NYSE standards of independence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition to meeting the NYSE bright line director independence tests (see note below), Mr.&nbsp;Hawkins meets the general independence criteria of
applicable NYSE and&nbsp;Securities and Exchange Commission (&#147;SEC&#148;)&nbsp;rules and regulations. Mr.&nbsp;Hawkins is not, and has&nbsp;not&nbsp;been, affiliated with Prologis.&nbsp;Mr.&nbsp;Hawkins has not been involved with Prologis&#146;
operating platform&nbsp;and has no relationship to&nbsp;our&nbsp;external or internal audit and accounting teams. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In August 2018, we acquired DCT
Industrial Trust, Inc. (&#147;DCT&#148;). Although Mr.&nbsp;Hawkins was the CEO of DCT, the infrastructure Mr.&nbsp;Hawkins oversaw no longer exists. The DCT transaction was structured to acquire DCT real estate assets.&nbsp;The DCT operating
platform, including its accounting infrastructure, was dissolved upon consummation of the acquisition. Furthermore, DCT&nbsp;real estate&nbsp;is&nbsp;a relatively small fraction of our assets (approximately 12.5% of our owned and managed portfolio).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Considering&nbsp;the&nbsp;above&nbsp;and&nbsp;other factors set forth by&nbsp;applicable&nbsp;NYSE and SEC rules and regulations, our board concluded
that Mr.&nbsp;Hawkins meets the criteria to serve as an independent director on our audit committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Note: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The NYSE Listed Company Manual Section&nbsp;303A Corporate Governance Standards Frequently Asked Questions (the &#147;NYSE FAQ&#148;) contains guidance
specifically supporting our board&#146;s conclusion regarding Mr.&nbsp;Hawkins&#146; independence.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section C.3.B of the NYSE FAQ states that &#147;For
example, a director who was an employee of a company not listing equity securities on the NYSE following a merger or acquisition transaction<U>&nbsp;would be independent</U>&nbsp;under Section&nbsp;303A.02(b) if his or her employment relationship
ended prior to, or concurrent with, the transaction&#133;While this question pertains specifically to the Section&nbsp;303A.02(b)(i) bright line independence test, the NYSE has applied the same logic to other Section&nbsp;303A.02(b) bright line
independence tests.&#148;&nbsp;Mr.&nbsp;Hawkins&#146; employment relationship with DCT ended upon our&nbsp;acquisition of&nbsp;DCT.&nbsp;Following such&nbsp;acquisition, DCT was delisted from the NYSE. </P>
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