DigitalOcean Appoints New Chief Revenue Officer

TL;DR

DOOC just hired a new CRO from Databricks to boost sales.

AI Summary

DigitalOcean Holdings, Inc. announced on July 22, 2024, the appointment of Sarah Wang as its new Chief Revenue Officer, effective immediately. Wang previously served as the Senior Vice President of Global Sales at Databricks. This appointment is part of the company's ongoing efforts to drive growth and enhance its go-to-market strategy.

Why It Matters

The appointment of a new CRO can signal a strategic shift in sales focus and revenue generation, potentially impacting future growth and market performance.

Risk Assessment

Risk Level: low — The filing is a routine executive appointment and does not involve significant financial or operational changes.

Key Players & Entities

• DigitalOcean Holdings, Inc. (company) — Registrant
• Sarah Wang (person) — Newly appointed Chief Revenue Officer
• Databricks (company) — Previous employer of Sarah Wang
• July 22, 2024 (date) — Effective date of appointment

FAQ

From the Filing

0001582961-24-000113.txt : 20240722 0001582961-24-000113.hdr.sgml : 20240722 20240722080756 ACCESSION NUMBER: 0001582961-24-000113 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240722 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: 20240722 DATE AS OF CHANGE: 20240722 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: 241129303 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 form8-kxappointmentofcro.htm 8-K Document 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): July 22, 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&#59; Election of Directors&#59; Appointment of Certain Officers&#59; Compensatory Arrangements of Certain Officers. As previously disclosed on a Current Report on Form 8-K filed by DigitalOcean Holdings, Inc. (the “ Company ”) on May 2, 2024, Muhammad Aaqib Gadit, the Company’s Chief Revenue Officer, notified the Company of his intention to step down from such role upon the commencement of employment of his successor. On July 22, 2024, Larry D’Angelo commenced employment as the Company’s Chief Revenue Offi