On September 3, 2020, DocuSign, Inc. (the Company) announced that its Board of Directors (the “Board”) appointed Michael Sheridan as President of International. In connection with this appointment, he will step down as the Company’s Chief Financial Officer. On August 28, 2020, the Board appointed Cynthia Gaylor, 47, to serve as the Company’s Chief Financial Officer, contingent and effective immediately upon the later of (i) the filing of the Company’s Quarterly Report on Form 10 Q for the quarter ended July 31, 2020 and (ii) September 8, 2020 (such time of appointment, the “Effective Time”). Ms. Gaylor will also succeed Mr. Sheridan as “principal financial officer” and “principal accounting officer” of the Company within the meaning of Rule 16a-1(f) under the Exchange Act as of the Effective Time. Ms. Gaylor currently serves as a member of the Board and previously served as a member of the Board’s Audit Committee. Ms. Gaylor resigned from the Audit Committee effective August 28, 2020 and has tendered her resignation as a member of the Board as of the Effective Time due to her concurrent appointment as Chief Financial Officer. Ms. Gaylor’s decision to resign as a member of the Board is not a result of any disagreement with them regarding any matter relating to its operations, policies or practices. The Board appointed Teresa Briggs to succeed Ms. Gaylor as chair of the Audit Committee effective August 28, 2020. Ms. Gaylor has served on the Company’s Board since December 2018. Ms. Gaylor served as Senior Vice President and Chief Financial Officer of Pivotal Software, Inc.
DocuSign, Inc. offers electronic signature product, enabling an agreement to be signed electronically on a variety of devices, from virtually anywhere in the world. The Company product offerings, include the electronic signature product, which allow organizations to do business faster with less risk and at a lower cost, while providing a better experience for customers. It also offers contract lifecycle management software that automates pre- and post-signature workflows. This includes automatically generating an agreement from data in other systems, supporting negotiation workflows, verifying identities, enabling remote online notarization, collecting payment after signatures, and using artificial intelligence (AI) to analyze a collection of agreements for risks and opportunities. Its products include eSignature, Contract Lifecycle Management (CLM), Gen for Salesforce, Identify and Monitor. Its Document Generation streamlines the process of generating new, custom agreements.