Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________

FORM 8-K

____________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 15, 2024

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DOORDASH, INC.

(Exact name of registrant as specified in its charter)

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Delaware	001-39759	46-2852392
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

303 2nd Street, South Tower, 8th Floor

San Francisco, California 94107

(Address of principal executive offices) (Zip Code)

(650) 487-3970

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value of $0.00001 per share	DASH	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Director Appointment

On April 18, 2024, DoorDash, Inc. (the “Company”) elected Jeffrey Blackburn to its Board of Directors (the “Board”), with his term to begin on May 6, 2024. Mr. Blackburn will serve as a Class II director with a term expiring at the Company’s 2025 annual meeting of stockholders. In addition, Mr. Blackburn was appointed as a member of the leadership development, inclusion and compensation committee of the Board, effective May 6, 2024.

Mr. Blackburn, age 54, held various positions at Amazon.com, Inc., a multinational technology company, for over two decades and served on its senior leadership team for over a decade, including serving as Senior Vice President of Global Media and Entertainment from May 2021 to February 2023, and Senior Vice President of Worldwide Business Development, Advertising and Entertainment from November 2012 to February 2020. From March 2021 to May 2021, Mr. Blackburn served as a general partner and a member of the management committee of Bessemer Venture Partners, a venture capital and private equity firm. From 1995 to 1998, Mr. Blackburn worked as an investment banker at Morgan Stanley and Deutsche Bank. Mr. Blackburn holds an A.B. in Economics from Dartmouth College and an M.B.A. from Stanford Graduate School of Business.

Mr. Blackburn will be entitled to receive cash and equity compensation under the Company’s outside director compensation and equity ownership policy and, in accordance with the Company’s customary practice, the Company has entered into its standard form of indemnification agreement with Mr. Blackburn.

Mr. Blackburn has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

There are no family relationships, as defined in Item 401 of Regulation S-K promulgated under the Exchange Act, between Mr. Blackburn and any of the Company’s executive officers or directors or persons nominated or chosen to become a director or executive officer. There are also no arrangements or understandings between Mr. Blackburn and any other persons pursuant to which Mr. Blackburn was selected as a director.

A copy of the press release announcing the appointment of Mr. Blackburn is attached hereto as Exhibit 99.1. The information in Exhibit 99.1 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 of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Director Departure

On April 15, 2024, Greg Peters informed the Company that he will not stand for re-election as a member of the Board at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”). Mr. Peters will continue to serve on the Board and as a member of the nominating and corporate governance committee of the Board until the expiration of his current term at the end of the 2024 Annual Meeting. Mr. Peters’ decision to not stand for re-election does not arise from any disagreement with management on any matter relating to the Company’s operations, policies, or practices. The Company greatly appreciates Mr. Peters’ dedicated service as a director and wishes him the best in his future endeavors.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.			Description
99.1			P ress Release issued by DoorDash, Inc. on April 19, 2024
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			DOORDASH INC.

Date: April 19, 2024			/s/ Tony Xu
			Tony Xu
			Chief Executive Officer

Exhibit 99.1

Jeff Blackburn Joins DoorDash Board of Directors

SAN FRANCISCO, Apr. 19, 2024 — DoorDash, Inc. (NASDAQ: DASH) announced today that Jeffrey Blackburn, veteran executive of Amazon.com, Inc., has been appointed to the company's board of directors, effective May 6, 2024.

Tony Xu, co-founder and CEO of DoorDash, Inc., said, "Jeff is a world-class operator who brings decades of experience scaling hugely successful multi-sided businesses while leading and developing talented teams. He understands the tools that businesses need to succeed in today’s world. I look forward to working with Jeff as we continue to empower merchants, consumers, and Dashers in more ways and in more countries."

“DoorDash has continually demonstrated a customer-obsessed mindset — a hallmark of the most impactful businesses. I am excited to work with Tony and the board, as the company continues to establish itself as the local commerce platform of choice," said Blackburn.

Blackburn held various positions at Amazon.com, Inc. for over two decades and served on its senior leadership team for over a decade, including serving as Senior Vice President of Global Media and Entertainment from May 2021 to February 2023, and Senior Vice President of Worldwide Business Development, Advertising and Entertainment from November 2012 to February 2020. From March 2021 to May 2021, Mr. Blackburn served as a general partner and a member of the management committee of Bessemer Venture Partners, a venture capital and private equity firm. From 1995 to 1998, Mr. Blackburn worked as an investment banker at Morgan Stanley and Deutsche Bank. Mr. Blackburn holds an A.B. in Economics from Dartmouth College and an M.B.A. from Stanford Graduate School of Business.

In addition, Greg Peters’ term as a member of the board expires in June at DoorDash’s 2024 Annual Meeting, and he will not stand for re-election. We thank him for his dedicated service, along with the experience and knowledge he shared with us through significant company milestones.

About DoorDash

DoorDash (NASDAQ: DASH) is a technology company that connects consumers with their favorite local businesses in more than 30 countries across the globe. Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. DoorDash is your door to more: the local commerce platform dedicated to enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers.

Investor Relations Contact

ir@doordash.com

Press Contact

press@doordash.com

Cover	Apr. 15, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Apr. 15, 2024
Entity Registrant Name	DOORDASH, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39759
Entity Tax Identification Number	46-2852392
Entity Address, Address Line One	303 2nd Street
Entity Address, Address Line Two	South Tower
Entity Address, Address Line Three	8th Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	650
Local Phone Number	487-3970
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, par value of $0.00001 per share
Trading Symbol	DASH
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001792789
Amendment Flag	false