CS Disco, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CS Disco, Inc. on November 29, 2021. The report discloses a material corporate event regarding the departure of a senior executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
On November 28, 2021, CS Disco, Inc. and Sean Nathaniel, the Company's Chief Operating Officer, mutually agreed to his departure effective November 29, 2021. A Transition and Separation Agreement was executed on November 29, 2021.
Management Commentary, Risks, and Unusual Items
- Transition Period: Mr. Nathaniel will serve in a non-officer role until January 13, 2022, focusing on transitioning responsibilities.
- Compensation During Transition: He will receive his current base salary and benefits through the end of his employment but will not receive a bonus for the Company's 2021 performance.
- Severance Package: Upon termination, Mr. Nathaniel is entitled to six months of his current base salary and six months of COBRA premium reimbursement, subject to the execution of a customary release of claims.
- Documentation: The full text of the Transition Agreement is expected to be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2021.
Key Facts for Investor Verification
- Confirm the exact effective date of the COO's departure (November 29, 2021).
- Verify the total severance cost (six months' base salary plus six months' COBRA premiums) once the final agreement is filed in the 10-K.
- Monitor the appointment of a permanent replacement for the Chief Operating Officer role.
- Review the upcoming 10-K filing for the complete text of the Transition Agreement.