DocuSign Files Proxy Statement for Shareholder Meeting

TL;DR

DOCU proxy statement out - shareholders vote soon on company matters.

AI Summary

DocuSign, Inc. (DOCU) filed a Definitive Proxy Statement (DEFA14A) on May 6, 2024. This filing outlines the company's proxy materials for its upcoming shareholder meeting, detailing proposals and information relevant to voting decisions. The document serves as a formal communication to shareholders regarding corporate governance and strategic matters.

Why It Matters

This filing is crucial for shareholders as it provides the official information needed to understand and vote on company proposals, influencing DocuSign's future direction and corporate governance.

Risk Assessment

Risk Level: low — This is a standard proxy filing, providing information to shareholders for an upcoming meeting, and does not inherently introduce new financial risks.

Key Players & Entities

• DOCUSIGN, INC. (company) — Registrant
• 20240506 (date) — Filing Date
• DEFA14A (document_type) — Filing Type
• 0001104659-24-057531 (accession_number) — SEC Filing Identifier

FAQ

Key Financial Figures

• $50B — Large market opportunity performance 2 $50B TAM 1.5+M Customer base 1 Across all in
• $712M — opportunity (before and after signing) $712M Total Revenue (27% Int’l) 8% Y/Y
• $833M — evenue (27% Int’l) 8% Y/Y growth $833M Billings 13% Y/Y growth $249M Free Cash
• $249M — /Y growth $833M Billings 13% Y/Y growth $249M Free Cash Flow 25% Operating Margin (No
• $20 — port commitments to users and customers $20+ Million employee donations & matches 1

Filing Documents

• tm2413394d1_defa14a.htm (DEFA14A) — 37KB
• tm2413394d1_defa14aimg001.jpg (GRAPHIC) — 45KB
• tm2413394d1_defa14aimg002.jpg (GRAPHIC) — 166KB
• tm2413394d1_defa14aimg003.jpg (GRAPHIC) — 65KB
• tm2413394d1_defa14aimg004.jpg (GRAPHIC) — 65KB
• tm2413394d1_defa14aimg005.jpg (GRAPHIC) — 88KB
• tm2413394d1_defa14aimg006.jpg (GRAPHIC) — 204KB
• tm2413394d1_defa14aimg007.jpg (GRAPHIC) — 113KB
• tm2413394d1_defa14aimg008.jpg (GRAPHIC) — 101KB
• tm2413394d1_defa14aimg009.jpg (GRAPHIC) — 108KB
• tm2413394d1_defa14aimg010.jpg (GRAPHIC) — 131KB
• tm2413394d1_defa14aimg011.jpg (GRAPHIC) — 117KB
• tm2413394d1_defa14aimg012.jpg (GRAPHIC) — 74KB
• tm2413394d1_defa14aimg013.jpg (GRAPHIC) — 79KB
• tm2413394d1_defa14aimg014.jpg (GRAPHIC) — 123KB
• tm2413394d1_defa14aimg015.jpg (GRAPHIC) — 134KB
• tm2413394d1_defa14aimg016.jpg (GRAPHIC) — 25KB
• 0001104659-24-057531.txt ( ) — 2294KB

Forward-looking statements include, but are not limited to, statements about: our expectations regarding global

Forward-looking statements include, but are not limited to, statements about: our expectations regarding global macro-economic conditions, including the effects of inflation, volatile interest rates, instability in the global banking sector, and market volatility on the global economy; our ability to estimate the size and growth of our total addressable market; our ability to compete effectively in an evolving and competitive market; the impact of any data breaches, cyberattacks or other malicious activity on our technology systems; our ability to effectively sustain and manage our growth and future expenses and achieve and maintain future profitability; our ability to attract new customers and maintain and expand our existing customer base; our ability to effectively implement and execute our restructuring plans; our ability to scale and update our platform to respond to customers’ needs and rapid technological change, including our ability to successfully incorporate generative artificial intelligence into our existing and future products; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to retain our direct sales force, customer success team and strategic partnerships around the world; our ability to identify targets for and execute potential acquisitions and to successfully integrate and realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to satisfy our liquidity needs; limitations on us due to obligations we have under our credit facility or other indebtedness; our ability to realize the anticipated benefits of our stock repurchase program; our failure or the failure of our software to comply with applicable industry standar

Forward-Looking Statements

Forward-Looking Statements 2 3 Continued year-round stockholder engagement with outreach to over >50% shares outstanding Responsive changes to executive compensation and governance programs reflected in enhanced CD&A and other disclosures Appointment of 1 new director to our Board in fiscal 2024: Anna Marrs Additional commitments on DEI disclosure aligned with our DEI and human capital management strategy Updated ESG disclosure, including progress made to our Sustainability program and a relaunch of our global Docusign.org strategy 2024 Proxy Highlights 4 The Docusign Journey A story of innovative growth since 2003 2003 2011 2015 2018 2020 2021 2024 2003+ e-Signature Leadership 2018+ Agreement Expansion DocuTouch Seattle, WA Moved HQ San Francisco, CA Opened first international office London, UK Acquired SpringCM for CLM DocuSign IPO on NASDAQ Acquired Seal Software Introduced DocuSign AI Acquired Clause for Smart Clauses & Agreements Created the Launched IAM Category 2024+ Intelligent Agreement Management DocuSign IAM incorporates our industry-leading e-Signature and CLM products within a new foundation, supporting new applications and functionality for a broader audience looking to reap the benefits of intelligent agreement management. 5 The category: Intelligent Agreement Management A new SaaS category that acts as a system-of-record for agreements Docusign IAM: An Intelligent Agreement Management platform and new line-of-business-focused applications to lead that category. Docusign at a Glance 6 (1) As of January 31, 2024. (2) Docusign estimate combining commissioned third-party research with internal customer count, pricing and spending data. (3) For the fiscal quarter ended January 31, 2024. Market leadership Q4 FY243 Large market opportunity performance 2 $50B TAM 1.5+M Customer base 1 Across all industries, segments, and geos Docusign IAM platform, including the world’s #1 e-Signature solution Broader Docusign opportunity (before and

Executive Compensation: Performance Metrics

Executive Compensation: Performance Metrics Cash Incentive Program Performance-Based Equity Performance Metrics: ● Revenue ● NNMRR (net new monthly recurring revenue) ● Adjusted Operating Income ESG Modifier Applied to Payout ● +/- 20% based on achievement of pre-set ESG objectives ● Metrics based on environmental impact and workforce diversity TSR PSUs: ● Relative TSR vs. NASDAQ index Financial PSUs: ● Subscription Revenue growth ● Free Cash Flow Revenue 25% NNMRR 25% Adjusted Operating Income 50% Sub. Rev. Growth 25% FCF 25% TSR 50% 13 CEO Compensation Aligned to Long-term Growth & Performance CEO Sign-on Compensation Payout to Date Over 80% of CEO sign-on package was performance-based: CEO FY24 Compensation Mix Base salary 4% PSU 58% RSU 34% Semi-annual cash incentives 4% Stockholder Value Creation (SVC) PSU Award - directly tied to long-term sustained increases to stock price PSU Award - tied to TSR performance; annual vesting tranches over a 3-year period No portion of SVC Award earned to date No portion of PSU Award earned to date 14 Diversity, Equity and Inclusion (DEI) at Docusign Docusign’s Commitment to DEI Workforce Representation Data ➔ We have made significant steps to develop and maintain a diverse and inclusive workforce. ◆ For example, establishing employee resource groups and hiring a Chief Diversity and Engagement Officer. ◆ Diverse workforce with approx. one third outside of the U.S. and in more than 10 countries ➔ Our existing public disclosures underscore our commitment. ◆ Annual updates to our workforce representation published on our website ➔ We’ve already made additional public commitments to provide more disclosure on our inclusive workforce: ◆ EEO-1 reports by the end of fiscal 2025. ◆ Inclusive hiring data (for women globally and by race/ethnicity in the U.S.) by the end of fiscal 2026. ➔ Our leadership

View Full Filing

View this DEFA14A filing on SEC EDGAR