DocuSign Announces CLO Departure, Appoints Interim, Adds Directors

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

From the Filing

0001261333-24-000032.txt : 20240315 0001261333-24-000032.hdr.sgml : 20240315 20240315161128 ACCESSION NUMBER: 0001261333-24-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240313 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240315 DATE AS OF CHANGE: 20240315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOCUSIGN, INC. CENTRAL INDEX KEY: 0001261333 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 912183967 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38465 FILM NUMBER: 24754852 BUSINESS ADDRESS: STREET 1: 221 MAIN ST., SUITE 1550 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-489-4940 MAIL ADDRESS: STREET 1: 221 MAIN ST., SUITE 1550 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: DOCUSIGN INC DATE OF NAME CHANGE: 20030826 8-K 1 docu-20240313.htm 8-K docu-20240313 0001261333 FALSE 0001261333 2024-03-13 2024-03-13 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): March 13, 2024 Commission File Number: 001-38465 ______________________________________ DOCUSIGN, INC. (Exact name of registrant as specified in its charter) ______________________________________ Delaware 91-2183967 (State or Other Jurisdiction of Incorporation) (I.R.S. Employer Identification Number) 221 Main St. Suite 1550 San Francisco California 94105 (Address of Principal Executive Offices) (Zip Code) ( 415 ) 489-4940 (Registrant's Telephone Number, Including Area Code) 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 Instructions 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 Name of each exchange on which registered Common Stock, par value $0.0001 per share DOCU The Nasdaq Global Select Market 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 ¨ 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.   ¨ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Enhanced Severance Benefits On January 10, 2024, the Compensation and Leadership Development Committee of the Board of Directors (the “Committee”) of DocuSign, Inc. (the “Company”) approved the form of Amended and Restated Executive Severance and Change in Control Agreement (the “Restated Executive Severance Agreement”) to be entered into with certain of the Company’s executive officers, including Stephen Shute, President, Worldwide Field Opera