DocuSign, Inc. announced that John Hinshaw and Louis J. Lavigne, Jr. completed their terms as Class II directors and did not stand for re-election to the Board of Directors of DocuSign, Inc. at the Company’s Annual Meeting of Stockholders held on May 29, 2020. Mr. Hinshaw served as a member of the Audit Committee of the Board (the “Audit Committee”) and Nominating and Corporate Governance Committee of the Board (the “Nominating Committee”), and Mr. Lavigne served as a member of the Audit Committee and Compensation Committee of the Board. Neither Mr. Hinshaw’s nor Mr. Lavigne’s decision not to stand for re-election was a result of any disagreement with the Company on any matters related to the Company’s operations, policies or practices . On May 29, 2020, following the recommendation of the Nominating Committee and after the conclusion of the Annual Meeting, the Board appointed Teresa Briggs to fill an existing vacancy on the Board to serve as a director of the Company, effective May 29, 2020. Ms. Briggs will serve as a Class I director whose term will expire at the Company’s 2022 Annual Meeting of Stockholders, which is the next stockholder meeting at which Class I directors will be elected, and until Ms. Briggs’s successor shall have been duly elected and qualified, or until Ms. Briggs’s earlier death, resignation, disqualification or removal. The Board also appointed Ms. Briggs to serve as a member of the Audit Committee, effective May 29, 2020. The Board determined that Ms. Briggs qualifies as an independent director pursuant to the Securities Act of 1933, as amended (the “Securities Act”) and the listing standards of the Nasdaq Stock Market, meets the further audit committee standards required by SEC Rule 10A-3, and is an audit committee financial expert within the meaning of Item 407(d) of Regulation S-K of the Securities Act.
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.