DocuSign Announces CLO Departure, Appoints Interim, Adds Directors
Ticker: DOCU · Form: 8-K · Filed: Mar 15, 2024 · CIK: 1261333
| Field | Detail |
|---|---|
| Company | Docusign, Inc. (DOCU) |
| Form Type | 8-K |
| Filed Date | Mar 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, legal-appointments
Related Tickers: DOCU
TL;DR
DocuSign's CLO is out, interim in, and two new board members are in. #LegalShakeup #BoardChanges
AI Summary
DocuSign, Inc. announced on March 13, 2024, the departure of its Chief Legal Officer, Brad Jenkins, effective March 15, 2024. The company also appointed Michael D. Thompson as interim Chief Legal Officer. Additionally, DocuSign announced the election of two new directors, Mary Agnes Antonellis and William J. Brown, to its Board of Directors, effective March 13, 2024.
Why It Matters
The departure of a Chief Legal Officer can signal internal changes or strategic shifts, while the addition of new directors may indicate a move towards new governance or strategic direction.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- DocuSign, Inc. (company) — Registrant
- Brad Jenkins (person) — Departing Chief Legal Officer
- March 15, 2024 (date) — Effective date of CLO departure
- Michael D. Thompson (person) — Appointed interim Chief Legal Officer
- Mary Agnes Antonellis (person) — Elected Director
- William J. Brown (person) — Elected Director
- March 13, 2024 (date) — Date of director elections and earliest event reported
FAQ
Who is the departing Chief Legal Officer of DocuSign?
Brad Jenkins is the departing Chief Legal Officer of DocuSign.
When is Brad Jenkins' departure effective?
Brad Jenkins' departure is effective March 15, 2024.
Who has been appointed as the interim Chief Legal Officer?
Michael D. Thompson has been appointed as the interim Chief Legal Officer.
How many new directors were elected to the Board?
Two new directors, Mary Agnes Antonellis and William J. Brown, were elected to the Board.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 13, 2024.
Filing Stats: 741 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-03-15 16:11:28
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share DOCU The Nasdaq Global Select
Filing Documents
- docu-20240313.htm (8-K) — 26KB
- exhibit102-shutesecondarci.htm (EX-10.1) — 111KB
- 0001261333-24-000032.txt ( ) — 279KB
- docu-20240313.xsd (EX-101.SCH) — 2KB
- docu-20240313_lab.xml (EX-101.LAB) — 22KB
- docu-20240313_pre.xml (EX-101.PRE) — 13KB
- docu-20240313_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Second Amended and Restated Executive Severance and Change in Control Agreement by and between DocuSign, Inc. and Stephen Shute, dated March 13 , 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 thereunto duly authorized. Date: March 14, 2024 DOCUSIGN, INC. By: /s/ James P. Shaughnessy James P. Shaughnessy Chief Legal Officer