Asana, Inc. Files 8-K: Director Changes and Compensation Updates

Ticker: ASAN · Form: 8-K · Filed: 2025-03-10T00:00:00.000Z

Sentiment: neutral

Topics: director-change, governance, compensation

Related Tickers: ASAN

TL;DR

Asana board shakeup: T. M. Christopher out as director, then back in, with exec comp changes.

AI Summary

On March 5, 2025, Asana, Inc. filed an 8-K report detailing the departure of Director T. M. Christopher, effective March 4, 2025. The filing also announced the election of new directors, including T. M. Christopher, and updates to compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Director departures and subsequent re-elections, along with compensation adjustments, can introduce uncertainty regarding leadership stability and future strategic direction.

Key Players & Entities

FAQ

Who is T. M. Christopher and what was their role prior to the reported changes?

T. M. Christopher was a Director of Asana, Inc. who departed on March 4, 2025, and was subsequently re-elected as a director.

What specific items are covered in this 8-K filing?

This filing covers the departure of directors, election of directors, and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.

When was the earliest event reported in this filing?

The earliest event reported in this filing was on March 5, 2025.

What is Asana, Inc.'s principal executive office address?

Asana, Inc.'s principal executive office is located at 633 Folsom Street, Suite 100, San Francisco, CA 94107.

What is the Commission File Number for Asana, Inc.?

The Commission File Number for Asana, Inc. is 001-39495.

From the Filing

0001477720-25-000032.txt : 20250310 0001477720-25-000032.hdr.sgml : 20250310 20250310160803 ACCESSION NUMBER: 0001477720-25-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250305 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: 20250310 DATE AS OF CHANGE: 20250310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Asana, Inc. CENTRAL INDEX KEY: 0001477720 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263912448 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39495 FILM NUMBER: 25723723 BUSINESS ADDRESS: STREET 1: 633 FOLSOM STREET STREET 2: SUITE 100 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: (415) 525-3888 MAIL ADDRESS: STREET 1: 633 FOLSOM STREET STREET 2: SUITE 100 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 8-K 1 asan-20250305.htm 8-K asan-20250305 0001477720 FALSE 0001477720 2025-03-05 2025-03-05 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 5, 2025 __________________________ Asana, Inc. (Exact name of Registrant as Specified in Its Charter) __________________________ Delaware 001-39495 26-3912448 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 633 Folsom Street,   Suite 100 San Francisco, CA 94107 (Address of Principal Executive Offices) (Zip Code) (415) 525-3888 (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 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(s) Name of each exchange on which registered Class A Common Stock, $0.00001 par value ASAN New York Stock Exchange Long-Term 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    ☐ 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. On March 10, 2025, Asana, Inc. (the “Company”) issued a press release announcing the anticipated transition of Mr. Moskovitz from the role of Asana's Chief Executive Officer (“CEO”) to the role of Chair of the Board of Directors (the “Board”) when a new CEO is appointed by the Board.

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