DROPBOX, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Dropbox, Inc. ("Dropbox" or the "Company") today announced that Olivia Nottebohm is stepping down from her role as Chief Operating Officer and departing the Company, effective February 5, 2021. Dropbox is grateful for Ms. Nottebohm's contributions to shaping the Company's 2021 strategy and unifying its go-to-market teams. Dropbox wishes her well in her next endeavor.

Item 7.01 Regulation FD Disclosure

Dropbox also announced a reduction of its global workforce by approximately 11% to streamline its team structure in support of its business priorities. Dropbox will continue to hire for roles critical to product expansion and growth initiatives.

Drew Houston, Co-Founder and CEO of Dropbox, sent the email attached as Exhibit 99.1 to Dropbox employees regarding these matters.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits:

    Exhibit
       No.       Exhibit Description
      99.1         Email to Dropbox Employees, dated January 13, 2021.
      104        Cover Page Interactive Data File (embedded within the Inline XBRL document)

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