UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2019
or
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from________to________
Commission File Number 001-38434
Dropbox, Inc.
(Exact name of Registrant as specified in its charter)
Delaware | 26-0138832 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |
Dropbox, Inc.
333 Brannan Street
San Francisco, California 94107
(415) 857-6800
(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer | ¨ | Accelerated filer | ¨ | |||
Non-accelerated filer | x | Smaller reporting company | ¨ | |||
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 7(a)(2)(B) of the Securities Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ¨ No x
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Class A Common Stock, par value $0.00001 per share | Trading Symbol(s) DBX | Name of exchange on which registered The NASDAQ Stock Market LLC (Nasdaq Global Select Market) | ||
As of May 6, 2019, there were 227,146,748 shares of the registrants’ Class A common stock outstanding (which excludes 14,733,333 shares of Class A common stock subject to restricted stock awards that were granted pursuant to the Co-Founder Grants, and vest upon the satisfaction of a service condition and achievement of certain stock price goals), 184,032,102 shares of the registrant’s Class B common stock outstanding, and no shares of the registrant’s Class C common stock outstanding.
Explanatory Note
This Amendment No. 1 to the Quarterly Report on Form 10-Q of Dropbox, Inc. for the quarter ended March 31, 2019, originally filed on May 10, 2019 (the "Original Form 10-Q"), is being filed solely to correct an administrative error in the number of Class B common shares outstanding as of May 6, 2019 shown on the cover page. The correct number of Class B common shares outstanding as of such date is 184,032,102.
This Amendment No. 1 speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Original Form 10-Q. No other changes have been made to the Original Form 10-Q.
As required by Rule 12b-15 of the Securities Exchange Act of 1934, as amended, this Amendment contains new certifications by the Company’s principal executive officer and principal financial officer, which are being filed as exhibits to the Amendment. Because the Amendment includes no financial statements, the Company is not including certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Item 6. Exhibits
Exhibit Number | Description | Form | File Number | Incorporated by Reference from Exhibit Number | Filed with SEC | |||||
31.1 | ||||||||||
31.2 | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
DROPBOX, INC. | ||||
Date: | May 20, 2019 | By: | /s/ Ajay V. Vashee | |
Ajay V. Vashee | ||||
Chief Financial Officer | ||||
(Principal Financial Officer) | ||||
Exhibit 31.1
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO
EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Andrew W. Houston, certify that:
1. | I have reviewed this Quarterly Report on Form 10-Q/A of Dropbox, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
Date: May 20, 2019
DROPBOX, INC. | ||
By: | /s/ Andrew W. Houston | |
Name: | Andrew W. Houston | |
Title: | Chief Executive Officer (Principal Executive Officer) | |
Exhibit 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO
EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Ajay V. Vashee, certify that:
1. | I have reviewed this Quarterly Report on Form 10-Q/A of Dropbox, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
Date: May 20, 2019
DROPBOX, INC. | ||
By: | /s/ Ajay V. Vashee | |
Name: | Ajay V. Vashee | |
Title: | Chief Financial Officer (Principal Financial Officer) | |