DigitalOcean names Matt Steinfort CFO effective Jan 2023; Sorenson retires

DigitalOcean Holdings, Inc.

Matt Steinfort appointed CFO, effective early January 2023, succeeding William Sorenson.
Sorenson will serve as Executive Advisor through August 31, 2023 for transition.
Steinfort compensation: $450K base salary, 65% target bonus, $14M RSU award (1-yr cliff, then quarterly vest), $252K sign-on bonus.
Steinfort previously CFO of Zayo ($2.6B revenue) and founder/CEO of Envysion.
Sorenson led company to IPO in March 2021; retirement announced in August 2022.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

W. Matthew Steinfort

Chief Financial Officer

DOCN · DigitalOcean Holdings, Inc.

Filed: November 17, 2022, 6:59 PM ET

On November 15, 2022, DigitalOcean Holdings, Inc. (the “ Company ”) entered into an employment agreement with W. Matthew Steinfort (the “ Steinfort Agreement ”) to serve as Chief Financial Officer of the Company, effective as of January 2023

Role change

William Sorenson

Chief Financial Officer

DOCN · DigitalOcean Holdings, Inc.

Successor: W. Matthew Steinfort
Filed: November 17, 2022, 6:59 PM ET

The Company previously announced that its current Chief Financial Officer, William Sorenson, entered into a transition agreement (the “ Transition Agreement ”) that set forth the terms of Mr. Sorenson’s retirement upon the appointment of his successor.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

W. Matthew Steinfort was appointed as Chief Financial Officer at DigitalOcean Holdings, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 15, 2022, DigitalOcean Holdings, Inc. (the “ Company ”) entered into an employment agreement with W. Matthew Steinfort (the “ Steinfort Agreement ”) to serve as Chief Financial Officer of the Company, effective as of January 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William Sorenson retired as Chief Financial Officer at DigitalOcean Holdings, Inc..

Action: retired
Role: Chief Financial Officer

Exact text from the filing

The Company previously announced that its current Chief Financial Officer, William Sorenson, entered into a transition agreement (the “ Transition Agreement ”) that set forth the terms of Mr. Sorenson’s retirement upon the appointment of his successor.

View on SEC.gov

DigitalOcean Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001582961-22-000054

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