share_log

DocuSign | 8-K: Docusign Announces New Revenue and Engineering Leadership to Help Execute Vision for Intelligent Agreement Management

SEC announcement ·  Jun 26 04:31
Summary by Futu AI
On June 25, 2024, DocuSign, Inc. announced leadership changes with the departure of Steve Shute, President of Worldwide Field Operations, effective August 11, 2024. Shute's departure, not due to any disagreement with the company, will see him receive severance benefits as per the terms of his Severance Agreement. These benefits include a cash severance of $550,000, an equal amount for his on-target bonus, COBRA coverage for up to 12 months, and vesting acceleration of his equity awards. Shute is also eligible for prorated vesting in performance-based restricted stock units if performance goals are met. Concurrently, DocuSign announced the appointment of Paula Hansen as President and Chief Revenue Officer, starting August 5, 2024. Hansen, with a robust background including roles at Alteryx, Inc., SAP Customer Experience...Show More
On June 25, 2024, DocuSign, Inc. announced leadership changes with the departure of Steve Shute, President of Worldwide Field Operations, effective August 11, 2024. Shute's departure, not due to any disagreement with the company, will see him receive severance benefits as per the terms of his Severance Agreement. These benefits include a cash severance of $550,000, an equal amount for his on-target bonus, COBRA coverage for up to 12 months, and vesting acceleration of his equity awards. Shute is also eligible for prorated vesting in performance-based restricted stock units if performance goals are met. Concurrently, DocuSign announced the appointment of Paula Hansen as President and Chief Revenue Officer, starting August 5, 2024. Hansen, with a robust background including roles at Alteryx, Inc., SAP Customer Experience, and Cisco Systems, brings extensive experience to the role. Her compensation includes a $550,000 annual base salary, potential for an equal annual bonus, a $4 million signing bonus, and substantial equity awards. The company has also entered into a severance agreement with Hansen, detailing severance pay and benefits in case of termination. These executive changes come as DocuSign completes its senior leadership team to drive growth through its new SaaS category: Intelligent Agreement Management.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.