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

Ticker: ASAN · Form: 8-K · Filed: 2025-04-17T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: ASAN

TL;DR

Asana 8-K: Board shakeup and new pay plans filed.

AI Summary

On April 16, 2025, Asana, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates the election of new directors and potential adjustments to compensatory plans for its officers.

Why It Matters

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

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and financial performance.

Key Players & Entities

FAQ

What specific changes were made to Asana, Inc.'s board of directors?

The filing indicates the election of directors, but does not specify the names of newly elected or departing directors in the provided text.

What are the key items reported in this 8-K filing?

The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

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

The earliest event reported in this 8-K filing occurred on April 16, 2025.

What is Asana, Inc.'s state of incorporation and principal executive office address?

Asana, Inc. is incorporated in Delaware and its principal executive offices are located at 633 Folsom Street, Suite 100, San Francisco, CA 94107.

What is the filing date of this 8-K report?

This 8-K report was filed as of April 17, 2025.

From the Filing

0001477720-25-000070.txt : 20250417 0001477720-25-000070.hdr.sgml : 20250417 20250417160719 ACCESSION NUMBER: 0001477720-25-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250416 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: 20250417 DATE AS OF CHANGE: 20250417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Asana, Inc. CENTRAL INDEX KEY: 0001477720 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 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: 25847329 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-20250416.htm 8-K asan-20250416 0001477720 FALSE 0001477720 2025-04-16 2025-04-16   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): April 16, 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) __________________________ 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. Appointment of Director On April 16, 2025 the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) appointed Marc Boroditsky to serve on the Board as a Class I director, effective as of April 16, 2025, until the Company’s 2027 Annual Meeting of Stockholders and until his successor has been duly elected and qualified, or until his earlier death, resignation or removal. Effective as of the time of Mr. Borodi

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