secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001582961-23-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean appoints Chris Merritt, former Cloudflare CRO, to board
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- Christopher Merritt appointed as Class I director effective April 17, 2023; board size expanded to eight.
- Merritt served as Cloudflare's Chief Revenue Officer and President of Field Operations through January 2023.
- Receives initial RSU award valued at $400,000 vesting over three years; eligible for future cash fees and RSU grants.
- Appointment aligns with DigitalOcean's focus on SMB go-to-market growth, per CEO Yancey Spruill.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000013/0001582961-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000013/docn-20230414.htm
  HTML page:      https://secwatch.observer/filing/0001582961-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer