DigitalOcean Appoints New Chief Revenue Officer

TL;DR

DOOC just hired a new CRO from Databricks to boost sales.

AI Summary

DigitalOcean Holdings, Inc. announced on July 22, 2024, the appointment of Sarah Wang as its new Chief Revenue Officer, effective immediately. Wang previously served as the Senior Vice President of Global Sales at Databricks. This appointment is part of the company's ongoing efforts to drive growth and enhance its go-to-market strategy.

Why It Matters

The appointment of a new CRO can signal a strategic shift in sales focus and revenue generation, potentially impacting future growth and market performance.

Risk Assessment

Risk Level: low — The filing is a routine executive appointment and does not involve significant financial or operational changes.

Key Players & Entities

• DigitalOcean Holdings, Inc. (company) — Registrant
• Sarah Wang (person) — Newly appointed Chief Revenue Officer
• Databricks (company) — Previous employer of Sarah Wang
• July 22, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.000025 — ich registered Common stock, par value $0.000025 per share DOCN The New York Stock Excha

Filing Documents

• form8-kxappointmentofcro.htm (8-K) — 25KB
• exhibit991-croannouncement.htm (EX-99.1) — 7KB
• 0001582961-24-000113.txt ( ) — 34KB

01 Other Events

Item 7.01 Other Events. On July 22, 2024, the Company issued a press release announcing the appointment of Larry D'Angelo as the Company's Chief Revenue Officer. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information contained in this Item 7.01 and the accompanying exhibit is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. This Current Report on Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their use of terms and phrases such as "anticipate," "enable," "expect," "will," "believe," "continue" and other similar terms and phrases. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including those factors contained in the "Risk Factors" section of the Company's SEC filings. It is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Current Report on Form 8-K. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release issued by DigitalOcean Holdings, Inc., dated July 22, 2024 . 104 Cover Page Interactive 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. Date July 22, 2024 DigitalOcean Holdings, Inc. By s W. Matthew Steinfort W. Matthew Steinfort, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR