DigitalOcean Holdings, Inc. Announces Annual Meeting of Stockholders on June 6, 2024

TL;DR

<b>DigitalOcean Holdings, Inc. will hold its virtual Annual Meeting of Stockholders on June 6, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>

AI Summary

DigitalOcean Holdings, Inc. (DOCN) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Annual Meeting of Stockholders to be held virtually on June 6, 2024, at 12:00 p.m. Eastern time. The meeting will include the election of two Class III directors, Pratima Arora and Warren Jenson, for terms until the 2027 Annual Meeting. Stockholders will vote to ratify PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year ending December 31, 2024. An advisory vote will be held to approve the compensation of named executive officers. The record date for stockholders eligible to vote is April 12, 2024.

Why It Matters

For investors and stakeholders tracking DigitalOcean Holdings, Inc., this filing contains several important signals. The virtual format aims to increase stockholder participation and reduce meeting costs. Key decisions regarding board composition, auditor ratification, and executive compensation will be made.

Risk Assessment

Risk Level: low — DigitalOcean Holdings, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) with no new financial or operational disclosures, indicating a low-risk informational update.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals and cast their votes accordingly, particularly concerning director elections and executive compensation.

Key Numbers

• June 6, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders.)
• 12:00 p.m. Eastern time — Annual Meeting Time (Time of the Annual Meeting of Stockholders.)
• 2 — Directors to be Elected (Number of Class III directors to be elected.)
• 2027 — Director Term End (Year until which the elected directors will hold office.)
• December 31, 2024 — Fiscal Year End (Fiscal year for which the auditor is being ratified.)
• April 12, 2024 — Record Date (Date for determining stockholder eligibility to vote.)

Key Players & Entities

• DigitalOcean Holdings, Inc. (company) — Registrant and filer of the proxy statement.
• Pratima Arora (person) — Nominee for Class III Director.
• Warren Jenson (person) — Nominee for Class III Director.
• PricewaterhouseCoopers LLP (company) — Proposed independent registered public accounting firm.
• June 6, 2024 (date) — Date of the Annual Meeting of Stockholders.
• April 12, 2024 (date) — Record date for determining stockholders eligible to vote.
• December 31, 2024 (date) — Fiscal year end for which the auditor is being ratified.
• 101 Avenue of the Americas (location) — Company's business and mailing address.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Execution [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all stockholders is crucial for effective participation.
• Auditor Independence and Effectiveness [low — financial]: The ratification of the independent auditor is essential for maintaining financial reporting integrity.

Key Dates

• 2024-06-06: Annual Meeting of Stockholders — Key date for voting on director elections, auditor ratification, and executive compensation.
• 2024-04-12: Record Date — Determines which stockholders are eligible to vote at the Annual Meeting.
• 2024-04-19: Filing Date — Date the Definitive Proxy Statement (DEF 14A) was filed with the SEC.

Filing Documents

• ny20022276x1_def14a.htm (DEF 14A) — 1280KB
• logo_digitalocean.jpg (GRAPHIC) — 39KB
• sig_psrinivasan.jpg (GRAPHIC) — 13KB
• sig_psrinivasanx1.jpg (GRAPHIC) — 17KB
• ny20022276x1_pc01.jpg (GRAPHIC) — 605KB
• ny20022276x1_pc02.jpg (GRAPHIC) — 604KB
• ny20022276x1_pvp01x1.jpg (GRAPHIC) — 161KB
• ny20022276x1_pvp02x1.jpg (GRAPHIC) — 128KB
• ny20022276x1_pvp03x1.jpg (GRAPHIC) — 142KB
• 0001140361-24-020784.txt (&nbsp;) — 6299KB
• docn-20240606.xsd (EX-101.SCH) — 5KB
• docn-20240606_def.xml (EX-101.DEF) — 6KB
• docn-20240606_lab.xml (EX-101.LAB) — 11KB
• docn-20240606_pre.xml (EX-101.PRE) — 5KB
• ny20022276x1_def14a_htm.xml (XML) — 126KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 27

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 54 TRANSACTIONS WITH RELATED PERSONS 56 HOUSEHOLDING OF PROXY MATERIALS 58 OTHER MATTERS 59 ii TABLE OF CONTENTS DigitalOcean Holdings, Inc. 101 6 th Avenue New York, New York 10013 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held On June 6, 2024 Our Board of Directors (the "Board") is soliciting your proxy to vote at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of DigitalOcean Holdings, Inc., a Delaware corporation, to be held virtually, via live webcast at www.virtualshareholdermeeting.com/DOCN2024 , on June 6, 2024 at 12:00 p.m. Eastern time, and any adjournment or postponement thereof. We believe hosting a virtual meeting enables participation by more of our stockholders, while lowering the cost of conducting the meeting. Stockholders attending the virtual meeting will be afforded the same rights and opportunities to participate as they would at an in-person meeting. For the Annual Meeting, we have elected to furnish our proxy materials, including this Proxy Statement and our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "Annual Report"), to our stockholders primarily via the Internet. On or about April 19, 2024, we expect to distribute the proxy materials and mail to our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") that contains notice of the Annual Meeting and instructions on how to access our proxy materials on the Internet, how to vote at the Annual Meeting, and how to request printed copies of the proxy materials. Stockholders may request to receive all future materials in printed form by mail or by email by following the instructions contained in the Notice. A stockholder's election to receive proxy materials by mail or email will remain in effect until revoked. We encourage stockholders to take advantage of the availability of the proxy materials on the Internet t

View Full Filing

View this DEF 14A filing on SEC EDGAR