DocuSign Appoints Allan Thygesen as New CEO

TL;DR

DocuSign CEO change: Allan Thygesen takes over from Daniel Springer, effective immediately.

AI Summary

On June 20, 2024, DocuSign, Inc. announced the appointment of Allan Thygesen as Chief Executive Officer, effective immediately. Thygesen, who previously served as President, will also join the company's Board of Directors. This transition follows the departure of former CEO Daniel Springer.

Why It Matters

The appointment of a new CEO can signal a strategic shift for the company, potentially impacting its future growth, product development, and market position.

Risk Assessment

Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and execution, which may affect investor confidence.

Key Players & Entities

• DocuSign, Inc. (company) — Registrant
• Allan Thygesen (person) — Appointed CEO and Board Member
• Daniel Springer (person) — Former CEO
• June 20, 2024 (date) — Effective date of appointment

FAQ

From the Filing

0001104659-24-074757.txt : 20240625 0001104659-24-074757.hdr.sgml : 20240625 20240625162854 ACCESSION NUMBER: 0001104659-24-074757 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240620 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240625 DATE AS OF CHANGE: 20240625 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: 241069323 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 tm2417685d1_8k.htm FORM 8-K false 0001261333 0001261333 2024-06-20 2024-06-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     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): June 20, 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.   (b)   On June 25, 2024, Docusign, Inc. (the “Company”) announced that Steve Shute, the Company’s President, Worldwide Field Operatio