DocuSign finalizes separation with ex-COO Olrich; $346,667 severance, 6-mo equity acceleration

DOCUSIGN, INC.

Cash severance of $216,667 (6-month salary) plus $130,000 bonus severance.
COBRA premium coverage for up to 6 months, with taxable cash alternative if required.
Acceleration of time-based RSU vesting by 6 months (through Dec 20, 2022).
PSUs subject to pro-rata vesting based on actual performance achievement at end of performance period.
If Change in Control closes by Sept 20, 2022, cash severance doubles to $433,333, 12-mo COBRA, full RSU vest.

item 5.02 item 9.01

Executive movements

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Departed

Scott Olrich

Chief Operating Officer

DOCU · DOCUSIGN, INC.

Effective: 2022-06-20
Filed: July 29, 2022, 7:59 PM ET

on June 20, 2022, the Company’s board of directors (the “Board”) accepted the resignation of Scott Olrich, the Company’s Chief Operating Officer, effective June 20, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Olrich resigned as Chief Operating Officer at DOCUSIGN, INC..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

on June 20, 2022, the Company’s board of directors (the “Board”) accepted the resignation of Scott Olrich, the Company’s Chief Operating Officer, effective June 20, 2022.

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DOCUSIGN, INC. filing history →

Source: SEC EDGAR

accession 0001261333-22-000135

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