Peter Levine Not to Stand for Reelection At DigitalOcean Holdings, Inc. Annual Meeting of Stockholders
January 14, 2022 at 04:21 pm EST
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On January 13, 2022, Peter Levine, a member of the Board of Directors of DigitalOcean Holdings, Inc. notified the Company of his intention not to stand for reelection at the Company's 2022 Annual Meeting of Stockholders
Mr. Levine joined the Board in February 2014 in connection with the Series A investment in the Company by Andreessen Horowitz. Mr. Levine intends to focus on managing his existing venture investments at AH in the future. Mr. Levine's decision not to stand for reelection was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices, and he will continue to serve on the Board through the date of the Annual Meeting.
DigitalOcean Holdings, Inc. is a cloud computing platform offering on-demand infrastructure, platform and software tools for startups and small and medium-sized businesses (SMBs). The Company provides SMBs with a comprehensive suite of cloud offerings, advanced networking and the flexibility to harness both Graphics Processing Units (GPUs) and Central Processing Units (CPUs) capabilities. It offers mission-critical solutions across Infrastructure-as-a-Service (IaaS), including its Droplet virtual machines, storage, and networking offerings; Platform-as-a-Service (PaaS), including its Managed Database and Managed Kubernetes offerings; and Software-as-a-Service (SaaS), including its Managed Hosting and Marketplace offerings. Its customers use its platform across numerous industry verticals and for a range of use cases, such as Web and mobile applications, Website hosting, media and gaming, personal Web projects, managed services, and others.
DIGITALOCEAN HOLDINGS, INC. 
