secwatch.observer — SEC 8-K summary
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Issuer:     DOCUSIGN, INC. (DOCU)
CIK:        0001261333
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001261333-24-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocuSign President Inhi Suh to step down; severance agreements amended for four other executives
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- Inhi Suh, President of Product and Technology, to depart effective Feb 14, 2024; receives $525,000 cash severance plus $525,000 bonus.
- COBRA coverage and 12 months equity vesting acceleration provided; additional accelerated vesting if change in control occurs by May 14, 2024.
- Amended and restated severance agreements approved for CFO Blake Grayson, Robert Chatwani, James Shaughnessy, and Stephen Shute.
- Enhanced severance benefits through Dec 31, 2024: 12 months salary, 100% bonus, COBRA, and equity acceleration for non-CIC terminations.
- For CIC-period terminations, all four executives receive 12 months salary, 100% bonus, COBRA, and 100% equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261333/000126133324000008/0001261333-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261333/000126133324000008/docu-20240109.htm
  HTML page:      https://secwatch.observer/filing/0001261333-24-000008

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