Item 2.02 - Results of Operations and Financial Condition
On August 4, 2022, Doximity, Inc. ("Doximity") issued a press release announcing
its financial results for its fiscal quarter ended June 30, 2022. A copy of the
press release is attached as Exhibit 99.1 to this current report on Form 8-K and
is incorporated by reference herein.
The information provided in this Item 2.02 of this Current Report on Form 8-K,
and the Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended (the "Securities Act"), or the Exchange Act, except as expressly set
forth by specific reference in such filing.
Item 5.02 - Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
(b) Director Resignation
On August 2, 2022, Gilbert Kliman, M.D. informed the board of directors (the
"Board") of Doximity of his intention to step down from his role as a director
on the Board, including his membership of the nominating and governance
committee and the compensation committees of the Board, effective immediately.
Dr. Kliman's departure from the Board is not the result of any disagreement with
the Doximity or the Board on any matters relating to Doximity's operations,
policies or practices.
(d) Director Appointment
On August 2, 2022, the Board appointed Phoebe L. Yang Watkin to serve as a Class
III director of the Board, filling the vacancy created by the departure of Dr.
Kliman from the Board, effective immediately, until the annual meeting of the
Doximity's stockholders to be held in calendar 2024 (the "2024 Annual Meeting"),
or until her successor is duly elected and qualified. In addition, Ms. Yang will
serve on the nominating and governance committee and the compensation committees
of the Board. There is no arrangement or understanding between Ms. Yang and any
other persons pursuant to which she was elected as a director. Further, Ms. Yang
does not have any family relationships with any director or executive officer of
Doximity. Furthermore, there are no related party transactions between Ms. Yang
and Doximity that would be required to be reported under Item 404(a) of
Regulation S-K. As a non-employee director, Ms. Yang will participate in
Doximity's standard director compensation arrangements pursuant to its
non-employee director compensation policy. Under the terms of those compensation
arrangements, Ms. Yang will receive, among other things, annual compensation of
$30,000 for her services on the Board, an annual compensation of $6,000 for her
services on the compensation committee, an annual compensation of $4,000 for her
services on the nominating and governance committee and an initial grant of
restricted stock units with a value of $350,000, based on the closing price of
Doximity's common stock over the trailing 30-day period ending on the day
immediately prior to the effective date of the grants, that vest in equal annual
installments over three years, subject to continuous service. The Company has
also entered into its standard form of Indemnification Agreement with Ms. Yang
in connection with her appointment to the Board.
Item 7.01 - Regulation FD Disclosure
A copy of a press release issued on August 4, 2022 announcing the appointment of
Ms. Yang to the Board is furnished herewith as Exhibit 99.2 and is incorporated
herein by reference. The information in this Item 7.01 of this Current Report on
Form 8-K and the accompanying Exhibit 99.2 shall not be deemed "filed" for
purposes of Section 18 of the Exchange Act or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act or the Exchange Act, regardless of any
general incorporation language in such filing, unless expressly incorporated by
reference in such filing.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Description
99.1 Press Release entitled "Doximity Announces Fiscal 202 3
First Quarter Financial Results" dated August 4 , 2022
99.2 Press Release entitled "Doximity Appoints Phoebe Yang to Its Board of
Directors" dated August 4, 2022
104 Cover Page Interactive Data File (embedded within the inline XBRL
document)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses