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AI English summary of an SEC filing — figures as filed

DoorDash logoDoorDash DASH

DoorDash said on January 16, 2026 its Board of Directors approved an increase in the size of the Board to eleven (11) members and elected Milan Kovac as a member of the Board. Mr. Kovac will serve as a Class III director with a term expiring at the Company's 2026 annual meeting of stockholders.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary

  1. DoorDash said on January 16, 2026 its Board of Directors approved an increase in the size of the Board to eleven (11) members and elected Milan Kovac as a member of the Board. Mr. Kovac will serve as a Class III director with a term expiring at the Company's 2026 annual meeting of stockholders.

  2. The company said Mr. Kovac was appointed as a member of the Nominating and Corporate Governance Committee of the Board and entered into its standard form of indemnification agreement with him. The company said Mr. Kovac has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K and has no family relationships with any of the Company's executive officers or directors.

  3. DoorDash said Mr. Kovac, age 41, most recently served at Tesla as Vice President, Optimus (Tesla Bot) from September 2024 to June 2025 and held engineering leadership roles within the Autopilot Software organization from April 2016 to January 2022. The company said he has served on the board of directors of Boston Dynamics, Inc. since January 2026.

  4. DoorDash said Mr. Kovac will be entitled to receive cash and equity compensation under the Company's Outside Director Compensation and Equity Ownership Policy, which was amended effective October 28, 2025. The aggregate value of the New Hire Award, Pro-rated Annual Award and Annual Award has each been increased to $300,000 from $250,000.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Board Expanded to 11 Members; Milan Kovac Elected Director

DoorDash said on January 16, 2026 its Board of Directors approved an increase in the size of the Board to eleven (11) members and elected Milan Kovac as a member of the Board. Mr. Kovac will serve as a Class III director with a term expiring at the Company's 2026 annual meeting of stockholders.

Source · Based on the filing body and exhibits

Governance Committee Appointment; No Material Conflicts

The company said Mr. Kovac was appointed as a member of the Nominating and Corporate Governance Committee of the Board and entered into its standard form of indemnification agreement with him. The company said Mr. Kovac has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K and has no family relationships with any of the Company's executive officers or directors.

Source · Based on the filing body and exhibits

Kovac's Career: Tesla Optimus and Autopilot Leadership

DoorDash said Mr. Kovac, age 41, most recently served at Tesla as Vice President, Optimus (Tesla Bot) from September 2024 to June 2025 and held engineering leadership roles within the Autopilot Software organization from April 2016 to January 2022. The company said he has served on the board of directors of Boston Dynamics, Inc. since January 2026.

Source · Based on the filing body and exhibits

Outside Director Compensation Policy Updated; Award Amounts Increased

DoorDash said Mr. Kovac will be entitled to receive cash and equity compensation under the Company's Outside Director Compensation and Equity Ownership Policy, which was amended effective October 28, 2025. The aggregate value of the New Hire Award, Pro-rated Annual Award and Annual Award has each been increased to $300,000 from $250,000.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.