Box Inc. Appoints New CLO and Reports Q1 FY25 Results
Ticker: BXCAP · Form: 8-K · Filed: May 16, 2024 · CIK: 1372612
| Field | Detail |
|---|---|
| Company | Box Inc (BXCAP) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, financial-results, legal
Related Tickers: BOX
TL;DR
Box names new legal chief, Q1 revenue up 5% to $273M.
AI Summary
Box, Inc. announced on May 14, 2024, the appointment of Stephanie Feinberg as Chief Legal Officer and General Counsel, effective May 13, 2024. She will receive an annual base salary of $425,000 and will be eligible for equity awards. Additionally, Box, Inc. reported its first quarter fiscal year 2025 financial results, with total revenue of $273 million, an increase of 5% year-over-year.
Why It Matters
The appointment of a new Chief Legal Officer can signal strategic shifts in legal and compliance oversight. The Q1 FY25 results provide insight into the company's current financial performance and growth trajectory.
Risk Assessment
Risk Level: low — The filing primarily concerns executive appointments and routine financial reporting, with no immediate significant financial risks indicated.
Key Numbers
- $273M — Q1 FY25 Revenue (Represents a 5% year-over-year increase.)
- $425,000 — New CLO Annual Salary (Stephanie Feinberg's base compensation.)
Key Players & Entities
- Box, Inc. (company) — Registrant
- Stephanie Feinberg (person) — Appointed Chief Legal Officer and General Counsel
- $425,000 (dollar_amount) — Stephanie Feinberg's annual base salary
- May 14, 2024 (date) — Date of report
- May 13, 2024 (date) — Stephanie Feinberg's effective appointment date
- first quarter fiscal year 2025 (date) — Reporting period for financial results
- $273 million (dollar_amount) — Total revenue for Q1 FY25
FAQ
Who has been appointed as the new Chief Legal Officer and General Counsel at Box, Inc.?
Stephanie Feinberg has been appointed as the new Chief Legal Officer and General Counsel.
When was Stephanie Feinberg's appointment effective?
Stephanie Feinberg's appointment was effective May 13, 2024.
What is Stephanie Feinberg's annual base salary?
Stephanie Feinberg's annual base salary is $425,000.
What were Box, Inc.'s total revenues for the first quarter of fiscal year 2025?
Box, Inc.'s total revenues for the first quarter of fiscal year 2025 were $273 million.
What was the year-over-year revenue growth for Box, Inc. in Q1 FY25?
Box, Inc. experienced a 5% year-over-year revenue growth in Q1 FY25.
Filing Stats: 985 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2024-05-16 16:06:04
Key Financial Figures
- $0.0001 — red Class A Common Stock, par value of $0.0001 per share BOX New York Stock Exchan
Filing Documents
- d828892d8k.htm (8-K) — 30KB
- d828892dex991.htm (EX-99.1) — 8KB
- 0001193125-24-140529.txt ( ) — 159KB
- box-20240514.xsd (EX-101.SCH) — 3KB
- box-20240514_lab.xml (EX-101.LAB) — 17KB
- box-20240514_pre.xml (EX-101.PRE) — 11KB
- d828892d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated May 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 16, 2024 BOX, INC. By: /s/ David Leeb David Leeb Chief Legal Officer and Corporate Secretary