Dropbox Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$DBX
Computer Software: Prepackaged Software
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of Director
On January 17, 2025, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Warren Jenson to serve as a member of the Board. He was also appointed to the Audit Committee of the Board.
“We’re at an important moment at Dropbox as we navigate the maturation of our FSS business, while simultaneously investing in our next phase of growth with Dropbox Dash,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. “Warren has helped lead some of the most iconic companies through periods of major transition. We’re looking forward to welcoming him to our Board, and tapping into his breadth of experience helping companies operate with both agility and discipline during this pivotal time.”
“I’m honored to join the Dropbox Board,” said Warren Jenson. “Dropbox has established itself as a leader in file storage, collaboration and sharing, building a powerful platform with a vast user base. In the age of AI and remote work, I believe that Dropbox is well positioned to leverage its strong platform and user base to solve its customers’ evolving needs, and I’m thrilled to be part of the Board during this exciting time.”
There are no arrangements or understandings between Mr. Jenson and any other person, in each case, pursuant to which Mr. Jenson was appointed to serve on the Board. There are no family relationships between Mr. Jenson and any other director or executive officer of the Company and there have been no transactions between Mr. Jenson and the Company in the last fiscal year, and none are currently proposed that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Jenson will receive the standard compensation available to the Company’s current non-employee directors, which is discussed in the Company’s Proxy Statement filed with the Securities and Exchange Commission (“SEC”) on April 2, 2024. In accordance with the Company’s customary practice, the Company will also enter into its standard form of indemnification agreement with Mr. Jenson, which agreement is filed as Exhibit 10.1 to the Company’s Registration Statement on Form S-1 (File No. 333-223182) filed with the SEC on February 23, 2018.
For additional information, please see a copy of the blog post announcing the appointment of Mr. Jenson to the Board, which is attached here as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Exhibit Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File, formatted as Inline XBRL. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 22, 2025
| Dropbox, Inc. | ||
| /s/ Bart Volkmer | ||
| Bart Volkmer | ||
| Chief Legal Officer | ||