secwatch / observer
8-K filed August 24, 2023, 7:59 PM ET ticker DOCN CIK 0001582961
leadership confidence high sentiment neutral materiality 0.75

DigitalOcean CEO Yancey Spruill to step down once successor found; Warren Adelman appointed Executive Chairman

DigitalOcean Holdings, Inc.

Executive movements

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

Appointed (interim)

Warren Adelman

Executive Chairman
DOCN · DigitalOcean Holdings, Inc.
Effective
2023-08-24
Filed
August 24, 2023, 7:59 PM ET
The Company also announced that Warren Adelman, who has served on the Board since 2020 and as lead independent director since 2022, has been appointed Executive Chairman of the Board, effective immediately.
Departed

Yancey Spruill

Chief Executive Officer
DOCN · DigitalOcean Holdings, Inc.
Filed
August 24, 2023, 7:59 PM ET
Yancey Spruill will continue to serve as the Company’s Chief Executive Officer and a member of the board of directors of the Company (the “Board”) until a successor has been appointed, or upon such other date determined by the Board or an earlier resignation by Mr. Spruill upon thirty days’ notice after the four-month anniversary of date of the Separation Agreement (as defined below).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Warren Adelman was appointed as Executive Chairman at DigitalOcean Holdings, Inc..

Action
appointed
Role
Executive Chairman
Exact text from the filing
The Company also announced that Warren Adelman, who has served on the Board since 2020 and as lead independent director since 2022, has been appointed Executive Chairman of the Board, effective immediately.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Yancey Spruill departed as Chief Executive Officer at DigitalOcean Holdings, Inc..

Action
to step down
Role
Chief Executive Officer
Exact text from the filing
Yancey Spruill will continue to serve as the Company’s Chief Executive Officer and a member of the board of directors of the Company (the “Board”) until a successor has been appointed, or upon such other date determined by the Board or an earlier resignation by Mr. Spruill upon thirty days’ notice after the four-month anniversary of date of the Separation Agreement (as defined below).
View on SEC.gov

DigitalOcean Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001582961-23-000044
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.