Asana Appoints New Directors, Announces Executive Compensation

Ticker: ASAN · Form: 8-K · Filed: 2025-06-25T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

Related Tickers: ASAN

TL;DR

Asana's board is changing: Binney out, Sloane & Ebersman in. Exec pay details also disclosed.

AI Summary

Asana, Inc. announced on June 23, 2025, the departure of director Alexandra Binney and the appointment of two new directors, David E. E. Sloane and David J. Ebersman. The company also disclosed compensatory arrangements for its named executive officers, details of which are provided in the filing.

Why It Matters

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

Risk Assessment

Risk Level: medium — Board changes and executive compensation disclosures can introduce uncertainty and signal strategic shifts, warranting closer investor scrutiny.

Key Players & Entities

FAQ

Who has departed from Asana's board of directors?

Alexandra Binney has departed from Asana's board of directors as of June 23, 2025.

Who are the new directors appointed to Asana's board?

David E. E. Sloane and David J. Ebersman were appointed as new directors to Asana's board.

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

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

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on June 23, 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.

From the Filing

0001477720-25-000132.txt : 20250625 0001477720-25-000132.hdr.sgml : 20250625 20250625161002 ACCESSION NUMBER: 0001477720-25-000132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250623 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: 20250625 DATE AS OF CHANGE: 20250625 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: 251073741 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-20250623.htm 8-K asan-20250623 0001477720 FALSE 0001477720 2025-06-23 2025-06-23   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 23, 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 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 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 Chief Executive Officer On June 25, 2025 the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) announced the planned appointment of Mr. Daniel Rogers as the Company’s Chief Executive Officer and a member of the Board, both effective July 21, 2025. Mr. Rogers will serve on the Board as a Class III

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