Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. DocuSign, Inc.
  6. News
  7. Summary
    DOCU   US2561631068

DOCUSIGN, INC.

(DOCU)
  Report
Delayed Nasdaq  -  01:00 2022-11-25 pm EST
46.03 USD   -0.69%
11/21Docusign : Collaborate on Agreements Faster with DocuSign and Microsoft Teams
PU
11/18Docusign, Inc. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
AQ
11/17DocuSign Announces Timing of Third Quarter Fiscal 2023 Earnings Conference Call
PR
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DocuSign : Costs Associated with Exit/Disposal - Form 8-K

09/28/2022 | 03:36pm EST
docu-20220926

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________________________
FORM 8-K
______________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 26,2022
Commission File Number: 001-38465
______________________________________
DOCUSIGN, INC.
(Exact name of registrant as specified in its charter)
______________________________________
Delaware 91-2183967
(State or Other Jurisdiction of Incorporation) (I.R.S. Employer Identification Number)
221 Main St. Suite 1550 San Francisco California 94105
(Address of Principal Executive Offices) (Zip Code)

(415) 489-4940
(Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
Common Stock, par value $0.0001 per share DOCU The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨






Item 2.05. Costs Associated with Exit or Disposal Activities.

On September 26, 2022, the Board of Directors (the "Board") of DocuSign, Inc. (the "Company") authorized a restructuring plan (the "Restructuring Plan") that is designed to improve operating margin and support the Company's growth, scale and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce the current workforce by approximately 9%.

The Company currently estimates that it will incur charges of approximately $30 to 40 million in connection with the Restructuring Plan, consisting primarily of cash expenditures for employee transition, notice period and severance payments, employee benefits, and related costs as well as non-cash expenses related to vesting of share-based awards. The Company expects that the majority of the restructuring charges will be incurred in the third and fourth quarter of fiscal 2023, and that the execution of the Restructuring Plan will be substantially complete by the end of fiscal 2023.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process beyond fiscal 2023 in certain countries. The charges that we expect to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ from the estimates disclosed above.


Safe Harbor Statement

Information provided in this Current Report on Form 8-K may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company's plans, objectives and expectations related to its Restructuring Plan, including timing, potential cost savings and expected impacts to its financial results and business operations. For a discussion of such risks and uncertainties, see "Risk Factors" as described in the Company's Annual Report for the year ended January 31, 2022 on Form 10-K filed with the Commission on March 25, 2022, the Company's Quarterly Report on Form 10-Q for the quarter ended July 31, 2022 filed with the Commission on September 8, 2022, and other reports on file with the Commission.

These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: September28, 2022
DOCUSIGN, INC.
By: /s/ Cynthia Gaylor
Cynthia Gaylor
Chief Financial Officer
(Principal Accounting and Financial Officer)




Disclaimer

DocuSign Inc. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 19:35:05 UTC.


ę Publicnow 2022
All news about DOCUSIGN, INC.
11/21Docusign : Collaborate on Agreements Faster with DocuSign and Microsoft Teams
PU
11/18Docusign, Inc. : Change in Directors or Principal Officers, Financial Statements and Exhib..
AQ
11/17DocuSign Announces Timing of Third Quarter Fiscal 2023 Earnings Conference Call
PR
11/11Stocks Gain Even as Survey Shows Inflation Expectations Rising
MT
11/11Stocks Advance While Inflation Expectations Edge Higher
MT
11/01Docusign : Creating a Frictionless Closing Experience with DocuSign and Mortgage Cadence
PU
10/24Docusign : How Fields in DocuSign eSignature Simplify Agreements
PU
10/17DocuSign named a Leader in 2022 Gartner« Magic Quadrant™ for Contract Lifecycle M..
PR
10/13North American Morning Briefing: CPI Print in -2-
DJ
10/12Saga of Wall Street's pandemic darlings ends with tears
RE
More news
Analyst Recommendations on DOCUSIGN, INC.
More recommendations
Financials (USD)
Sales 2023 2 479 M - -
Net income 2023 -148 M - -
Net cash 2023 943 M - -
P/E ratio 2023 -63,8x
Yield 2023 -
Capitalization 9 242 M 9 242 M -
EV / Sales 2023 3,35x
EV / Sales 2024 2,87x
Nbr of Employees 7 461
Free-Float 98,5%
Chart DOCUSIGN, INC.
Duration : Period :
DocuSign, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DOCUSIGN, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 46,03 $
Average target price 68,57 $
Spread / Average Target 49,0%
EPS Revisions
Managers and Directors
Allan C. Thygesen President, Chief Executive Officer & Director
Cynthia Gaylor Chief Financial & Accounting Officer
Mary Agnes Wilderotter Chairman
Kamal Hathi Chief Technology Officer
Shanthi Iyer Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
DOCUSIGN, INC.-69.78%9 242
ORACLE CORPORATION-5.15%223 027
SAP SE-15.12%123 020
SERVICENOW INC.-37.27%82 099
CONSTELLATION SOFTWARE INC.-10.62%33 236
PAYCOM SOFTWARE, INC.-21.22%18 928