Box Inc. Files Supplemental Proxy Materials

TL;DR

BOX just dropped more proxy info for shareholders. Stay tuned for updates.

AI Summary

Box Inc. (BOX) is filing a Definitive Additional Materials (DEFA14A) proxy statement on June 17, 2024, to supplement its previous filings. This filing provides updated information to shareholders regarding the company's business and governance. The company is headquartered at 900 Jefferson Ave, Redwood City, CA.

Why It Matters

This filing provides shareholders with updated information relevant to upcoming proxy votes, ensuring they have the latest details for informed decision-making.

Risk Assessment

Risk Level: low — This is a routine proxy filing providing supplemental information, not indicating any immediate financial or operational risks.

Key Players & Entities

• BOX INC (company) — Registrant
• 900 JEFFERSON AVE (location) — Company Business Address
• REDWOOD CITY (location) — Company Business City
• CA (location) — Company Business State
• 0131 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $14.05 — ise price of outstanding stock options $14.05 $17.89 $16.92 Weighted average remai
• $17.89 — e of outstanding stock options $14.05 $17.89 $16.92 Weighted average remaining con
• $16.92 — standing stock options $14.05 $17.89 $16.92 Weighted average remaining contractual

Filing Documents

• ny20031283x1_defa14a.htm (DEFA14A) — 20KB
• 0001140361-24-030366.txt ( ) — 21KB

From the Filing

14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-2 BOX, INC. (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Box, Inc. (the "Company") is providing this supplemental information to update certain information on page 36 of the proxy statement the Company filed on May 20, 2024, regarding shares outstanding and available for grant under the Company's current equity plans so that the presented information takes into account restricted stock units granted between April 30, 2024 and June 14, 2024. No additional equity awards will be granted between June 14, 2024 and the annual meeting of stockholders to be held on July 2, 2024 (the "Annual Meeting"). Number of Shares Remaining under the Current 2015 Plan . As of June 14, 2024, 27,402,156 shares remained available for issuance under the Current 2015 Plan, representing approximately 16.9% of our outstanding Class A common stock, on an as-converted basis, as of such date. If our stockholders approve the Restated Plan, the number of shares that remain available for issuance under the Restated Plan as of the Restatement Date would be reduced to 9,000,000 shares, representing approximately 5.5% of our outstanding Class A common stock, on an as-converted basis, as of June 14, 2024. Overhang . As of June 14, 2024, 20,031,219 shares remained subject to outstanding equity awards, representing approximately 12.3% of our outstanding Class A common stock, on an as-converted basis, as of June 14, 2024. The following table includes information regarding outstanding equity awards under the 2011 Plan and Current 2015 Plan as of June 14, 2024 and no additional equity awards will be granted prior to the Annual Meeting. For this purpose, unearned PSUs were counted assuming target level performance, and earned PSUs were counted using actual performance achieved. 2011 Plan 2015 Plan 2011 and 2015 Plan Total Total shares underlying outstanding stock options 347,498 1,027,385 1,374,883 Weighted average exercise price of outstanding stock options $14.05 $17.89 $16.92 Weighted average remaining contractual life of outstanding stock options, in years 0.55 3.40 2.68 Total shares underlying outstanding unvested RSUs and PSUs (1) — 18,656,336 18,656,336 Total outstanding equity awards 347,498 19,683,721 20,031,219 (1) Unearned PSUs were counted assuming target level performance, and earned PSUs were counted using actual performance achieved.

View Full Filing

View this DEFA14A filing on SEC EDGAR