DigitalOcean (NYSE: DOCN) investors re-elect directors and back PwC, pay plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 15, 2026. Stockholders elected Warren Adelman and Pueo Keffer as Class II directors, with Adelman receiving 66,745,757 votes for and Keffer receiving 70,066,785 votes for, each to serve until the 2029 Annual Meeting of Stockholders.
Stockholders also ratified PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 93,181,571 votes for. In addition, stockholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 81,627,046 votes for and 1,869,745 votes against.
Positive
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Negative
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8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Warren Adelman: 66,745,757 votes
Votes for Pueo Keffer: 70,066,785 votes
Auditor ratification votes for: 93,181,571 votes
+3 more
6 metrics
Votes for Warren Adelman
66,745,757 votes
Election as Class II director at 2026 Annual Meeting
Votes for Pueo Keffer
70,066,785 votes
Election as Class II director at 2026 Annual Meeting
Auditor ratification votes for
93,181,571 votes
Ratification of PricewaterhouseCoopers LLP for fiscal year 2026
Executive compensation votes for
81,627,046 votes
Non-binding advisory approval of named executive officer compensation
Executive compensation votes against
1,869,745 votes
Non-binding advisory vote on named executive officer compensation
Broker non-votes on pay
9,763,078 shares
Broker non-votes on non-binding executive compensation proposal
Key Terms
non-binding advisory basis, independent registered public accounting firm, broker non-votes, Class II directors, +1 more
5 terms
non-binding advisory basis financial
"The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
independent registered public accounting firm financial
"the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
broker non-votes financial
"Votes For | Votes Against | Abstentions | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Class II directors financial
"were elected to serve as Class II directors of the Company’s Board of Directors"
Annual Meeting of Stockholders financial
"At the 2026 Annual Meeting of Stockholders (the "Annual Meeting") of DigitalOcean Holdings, Inc."
FAQ
What did DigitalOcean (DOCN) stockholders approve at the 2026 Annual Meeting?
Stockholders elected two Class II directors, ratified the auditor, and approved executive pay. Warren Adelman and Pueo Keffer were elected, PricewaterhouseCoopers LLP was ratified, and named executive officer compensation received majority support on a non-binding advisory basis.
Who was elected to DigitalOcean (DOCN)’s Board at the 2026 Annual Meeting?
Stockholders elected Warren Adelman and Pueo Keffer as Class II directors. Adelman received 66,745,757 votes for and Keffer received 70,066,785 votes for, each serving until the 2029 Annual Meeting of Stockholders, subject to earlier death, resignation, or removal.
Did DigitalOcean (DOCN) stockholders ratify the company’s independent auditor for 2026?
Yes. Stockholders ratified PricewaterhouseCoopers LLP as DigitalOcean’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 93,181,571 votes for, 62,446 votes against, and 108,892 abstentions recorded at the meeting.
How did DigitalOcean (DOCN) stockholders vote on executive compensation in 2026?
Stockholders approved, on a non-binding advisory basis, the compensation of DigitalOcean’s named executive officers. The proposal received 81,627,046 votes for, 1,869,745 votes against, 93,040 abstentions, and 9,763,078 broker non-votes as disclosed in the results.
What are broker non-votes in DigitalOcean (DOCN)’s 2026 voting results?
Broker non-votes are shares held by brokers that were not voted on certain proposals. In DigitalOcean’s 2026 meeting, there were 9,763,078 broker non-votes on the director elections and the non-binding executive compensation proposal, but they did not affect approval outcomes.
How long will the newly elected DigitalOcean (DOCN) directors serve?
Warren Adelman and Pueo Keffer were elected as Class II directors to terms expiring at the 2029 Annual Meeting. They will serve until that meeting and until successors are duly elected and qualified, or earlier death, resignation, or removal under company governance provisions.