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AI brief of an SEC Form 8-K · Docusign (DOCU)

DocuSign makes executive severance enhancements permanent for three senior officers

Neutral Impact 2 of 5 leadership Written later

On January 15, 2025, DocuSign's Compensation and Leadership Development Committee approved amended and restated severance and change in control agreements for CFO Blake Grayson, Robert Chatwani and Chief Legal Officer James Shaughnessy. The new agreements make permanent severance enhancements that were set to expire on December 31, 2024, and they set out the payments owed on qualifying terminations.

Key points

  • Agreements cover CFO Blake Grayson, Robert Chatwani (President and General Manager, Growth) and Chief Legal Officer James Shaughnessy.
  • Outside a change in control period, a qualifying termination provides 12 months of base salary, a 100% target bonus, 12 months of COBRA coverage and 12 months of equity vesting acceleration.
  • During a change in control period (90 days before to 12 months after a change in control), the terms are 12 months of base salary, a 100% target bonus, 12 months of COBRA coverage and 100% equity vesting acceleration.
  • The agreements are not employment contracts, and payments are subject to the officer signing a release of claims.

The filing

CompanyDocusign (DOCU)
Form8-K, current report
Filed with the SECJan 17, 2025, 4:18 PM ET
Accession number0001261333-25-000004

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 17, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.