Dropbox (NASDAQ: DBX) appoints Sarah Schubach chief accounting officer

Rhea-AI Filing Summary

Dropbox, Inc. has appointed Sarah Schubach as its Chief Accounting Officer, effective August 21, 2025, making her the company’s principal accounting officer. She joined Dropbox in 2013 and most recently served as Vice President, Controller since August 2022, after earlier roles including Senior Director, Controller and Assistant Controller. Before joining Dropbox, she worked in the assurance practice at Ernst & Young LLP and holds a Bachelor of Science in Accounting from Santa Clara University’s Leavey School of Business. The company states there are no special arrangements or family relationships related to her appointment, and she will enter into Dropbox’s standard indemnification agreement.

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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

August 21, 2025

Date of Report (date of earliest event reported)

DROPBOX, INC.

(Exact name of Registrant as specified in its charter)

Nevada			001-38434			26-0138832
(State or other jurisdiction of incorporation)			(Commission File Number)			(I. R. S. Employer Identification No.)

1800 Owens St.

San Francisco, California 94158

(Address of principal executive offices)

(415) 930-7766

(Registrant’s telephone number, including area code)

N/A

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

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 (see General Instruction A.2. below):

☐    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 exchange on which registered

Class A Common Stock, par value $0.00001 per share

DBX

The NASDAQ Stock Market LLC

(Nasdaq Global Select Market)

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

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

Dropbox, Inc. (“Dropbox” or the “Company”) announced that, effective August 21, 2025, Sarah Schubach has been appointed as the Company’s Chief Accounting Officer, and as such, Ms. Schubach will be the Company’s principal accounting officer.

Ms. Schubach joined the Company in 2013 and has served as its Vice President, Controller since August 2022. Prior to this role, she held several finance leadership positions at the Company, including Senior Director, Controller, from September 2020 to August 2022, and Assistant Controller, from January 2019 to September 2020, following earlier roles with the Company’s accounting team. From 2010 to 2013, Ms. Schubach worked in the assurance practice at Ernst & Young LLP. She received her Bachelor of Science in Accounting from Santa Clara University’s Leavey School of Business.

There are no arrangements or understandings between Ms. Schubach and any other persons, pursuant to which she was appointed as Chief Accounting Officer. There are no family relationships among any of the Company’s directors or executive officers and Ms. Schubach. Ms. Schubach is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with her appointment as the Chief Accounting Officer, Ms. Schubach will execute the Company’s standard form of indemnification agreement.

SIGNATURES

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.

Dated: August 25, 2025

    

Dropbox, Inc.

/s/ William Y. Yoon

William Y. Yoon

Chief Legal Officer

FAQ

What executive leadership change did Dropbox (DBX) disclose?

Dropbox disclosed that, effective August 21, 2025, Sarah Schubach has been appointed as its Chief Accounting Officer, and will serve as the company’s principal accounting officer.

Who is Sarah Schubach, the new Chief Accounting Officer of Dropbox (DBX)?

Sarah Schubach joined Dropbox in 2013 and has held several finance leadership roles, including Vice President, Controller since August 2022, as well as prior positions such as Senior Director, Controller and Assistant Controller.

What prior experience does Dropbox’s new Chief Accounting Officer have?

Before becoming Chief Accounting Officer, Sarah Schubach served as Dropbox’s Vice President, Controller and held other senior accounting roles. From 2010 to 2013, she worked in the assurance practice at Ernst & Young LLP.

Does Sarah Schubach have any disclosed family relationships with Dropbox directors or executives?

No. Dropbox states that there are no family relationships between Sarah Schubach and any of the company’s directors or executive officers.

Are there any special arrangements related to Sarah Schubach’s appointment at Dropbox?

Dropbox states there are no arrangements or understandings with any other persons pursuant to which Sarah Schubach was appointed Chief Accounting Officer. She will sign the company’s standard indemnification agreement.

What is the educational background of Dropbox’s new Chief Accounting Officer?

Sarah Schubach received a Bachelor of Science in Accounting from Santa Clara University’s Leavey School of Business.