8-KLeadership Changes

DoorDash, Inc. 8-K Report, Executive Changes (Apr 28, 2023)

Filed April 28, 2023For Securities:DASH

Summary

DoorDash, Inc. (DASH) announced a planned leadership transition within its Board of Directors. Stan Meresman, a long-serving director and Chair of the Audit Committee, will retire and not seek re-election at the upcoming 2023 Annual Meeting of Stockholders. This change is amicable and does not stem from any disagreements with the company's management or operations, providing ample notice for the Board to plan for the transition. In conjunction with Mr. Meresman's retirement, Elinor Mertz, a current member of the Audit Committee, has been appointed as the new Chair of the Audit Committee. This appointment will be effective at the conclusion of the 2023 Annual Meeting. Investors should view this as a routine succession planning event for the Board, ensuring continuity in critical committee leadership.

Key Highlights

  • 1Stan Meresman, Chair of the Audit Committee and long-time director, will retire and not stand for re-election at the 2023 Annual Meeting.
  • 2Mr. Meresman's decision to retire is amicable and not due to any disagreements with the company's management or operations.
  • 3Elinor Mertz, currently on the Audit Committee, will become the new Chair of the Audit Committee.
  • 4The transition in Audit Committee leadership will be effective upon the conclusion of the 2023 Annual Meeting.
  • 5This filing is primarily focused on routine Board succession planning and corporate governance.

Frequently Asked Questions

This 8-K filing is primarily to announce the planned retirement of Stan Meresman, a member of DoorDash's Board of Directors and Chair of its Audit Committee, and the subsequent appointment of Elinor Mertz as the new Chair of the Audit Committee.

No, the filing explicitly states that Mr. Meresman's decision to retire and not stand for re-election is not due to any disagreement with management on any matter relating to the Company's operations, policies, or practices. It is a planned retirement.

Elinor Mertz, a current member of the Audit Committee, has been appointed to succeed Mr. Meresman as the Chair of the Audit Committee, effective at the end of the 2023 Annual Meeting.

Both Mr. Meresman's retirement from the Board and Ms. Mertz's appointment as Chair of the Audit Committee will be effective at the conclusion of DoorDash's 2023 Annual Meeting of Stockholders.