DigitalOcean Files 8-K: Administrative Update, No Material News

Ticker: DOCN · Form: 8-K · Filed: 2024-01-17T00:00:00.000Z

Sentiment: neutral

Topics: administrative, corporate-governance

TL;DR

**DigitalOcean's 8-K is just admin updates, nothing new for traders.**

AI Summary

DigitalOcean Holdings, Inc. filed an 8-K on January 17, 2024, reporting an event that occurred on January 11, 2024. This filing primarily updates administrative information, such as the company's address and contact details, and confirms its registration on the New York Stock Exchange under the trading symbol DOCN. For investors, this filing is largely administrative and does not contain new financial or operational news that would significantly impact stock valuation, indicating business as usual.

Why It Matters

This filing is mostly administrative, updating contact information and confirming stock exchange registration, which means there's no new financial or operational news for investors to react to.

Risk Assessment

Risk Level: low — The filing contains only administrative updates and no material changes to the company's operations or financial health, posing minimal risk.

Analyst Insight

Given this 8-K is purely administrative, a smart investor would not make any immediate trading decisions based on this filing alone. It confirms the company's public status but offers no new information on performance or strategy.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing by DigitalOcean Holdings, Inc.?

The primary purpose of this 8-K filing is to report administrative updates, including the date of the earliest event reported (January 11, 2024) and confirming the company's registration on the New York Stock Exchange under the trading symbol DOCN.

What is DigitalOcean Holdings, Inc.'s trading symbol and where is its common stock registered?

DigitalOcean Holdings, Inc.'s trading symbol is DOCN, and its common stock, with a par value of $0.000025 per share, is registered on The New York Stock Exchange.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 11, 2024, as stated in the 'Date of Report (date of earliest event reported)' section.

What is the current business address listed for DigitalOcean Holdings, Inc. in this filing?

The current business address listed for DigitalOcean Holdings, Inc. is 101 6th Avenue, New York, New York 10013, with a business phone number of (646) 827-4366.

Does this 8-K filing indicate any changes in directors, officers, or compensatory arrangements?

The 'ITEM INFORMATION' section lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits', but the body of the filing itself does not detail any specific changes or events related to these items, suggesting it's a placeholder or no material changes occurred under these categories for this specific report.

From the Filing

0001582961-24-000010.txt : 20240117 0001582961-24-000010.hdr.sgml : 20240117 20240117090302 ACCESSION NUMBER: 0001582961-24-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240111 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240117 DATE AS OF CHANGE: 20240117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DigitalOcean Holdings, Inc. CENTRAL INDEX KEY: 0001582961 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40252 FILM NUMBER: 24536861 BUSINESS ADDRESS: STREET 1: 101 AVENUE OF THE AMERICAS STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 341-985-0306 MAIL ADDRESS: STREET 1: 101 AVENUE OF THE AMERICAS STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 FORMER COMPANY: FORMER CONFORMED NAME: Digital Ocean, Inc. DATE OF NAME CHANGE: 20130731 8-K 1 docn-20240111.htm 8-K docn-20240111 0001582961 false 0001582961 2024-01-11 2024-01-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 11, 2024 DigitalOcean Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-40252 45-5207470 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 101 6th Avenue New York New York 10013 (Address of Principal Executive Offices) (Zip Code) (646) 827-4366 Registrant's telephone number, including area code Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.000025 per share DOCN The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 11, 2024, DigitalOcean Holdings, Inc. (the “Company”) entered into an employment agreement with Padmanabhan Srinivasan (the “Srinivasan Agreement”) to serve as Chief Executive Officer of the Company, effective as of the commencement of his employment, which is currently expected to be on or around February 12, 2024 (the “Employment Date”). Mr. Srinivasan will also join the Board of Directors of

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