Business Context and Reporting Period
This Form 8-K Current Report was filed by Box, Inc. on June 16, 2022, covering an event reported on June 14, 2022. The filing addresses a change in the composition of the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance matters and does not contain financial performance data.
Material Changes
The material change disclosed is the resignation of Peter Leav from the Board of Directors. His resignation is effective immediately following the conclusion of the Company's 2022 Annual Meeting of Stockholders, scheduled for July 14, 2022.
Management Commentary and Risks
- Reason for Departure: Mr. Leav intends to resign to focus on other commitments.
- Disagreement Status: The resignation is not due to any disagreement with the Company regarding operations, policies, or practices.
- Management Response: Box and the Board expressed gratitude for Mr. Leav's years of service and significant contributions.
Key Facts for Investor Verification
- Confirm the exact date of the 2022 Annual Meeting of Stockholders (July 14, 2022) to determine the effective date of the resignation.
- Verify if a replacement director has been nominated or elected to fill the vacancy on the Board.
- Review the Company's proxy statement for the 2022 Annual Meeting for additional details on board composition and governance.