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

(d) Election of Director

On March 25, 2022, the Board of Directors (the "Board") of Dropbox, Inc. (the "Company") appointed Abhay Parasnis to serve as a member of the Board. He was also appointed to the Compensation Committee of the Board.

"We're thrilled to have Abhay join our Board," said Dropbox Co-founder and Chief Executive Officer Drew Houston. "Abhay is a proven innovator, operator and technologist, with over two decades of experience scaling businesses and fostering a culture of innovation. His familiarity with our core customers and his experience leading technology, operations, and engineering during times of transformation, will be invaluable to us as we work towards our long-term vision of building one organized place for cloud content and the workflows around it."

"I'm honored to join Dropbox's board," said Mr. Parasnis. "Dropbox invented the file sync and share category and built an incredible product that hundreds of millions of people use daily. As I look at where the technology landscape is headed, I firmly believe Dropbox is uniquely positioned to build that next category - technology centered around improving people's working lives. I'm excited to be part of this next chapter in Dropbox's journey."

There are no arrangements or understandings between Mr. Parasnis and any other person, in each case, pursuant to which Mr. Parasnis was appointed to serve on the Board. There are no family relationships between Mr. Parasnis and any other director or executive officer of the Company and there have been no transactions between Mr. Parasnis and the Company in the last fiscal year, and none are currently proposed that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Parasnis will receive the standard compensation available to the Company's current non-employee directors, which is discussed in the Company's Proxy Statement filed with the Securities and Exchange Commission ("SEC") on April 6, 2021. In accordance with the Company's customary practice, the Company will also enter into its standard form of indemnification agreement with Mr. Parasnis, which agreement is filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1 (File No. 333-223182) filed with the SEC on February 23, 2018.

A copy of the blog post announcing the appointment of Mr. Parasnis to the Board is attached here as Exhibit 99.1.

For additional information, see the blog post attached as Exhibit 99.1 to this Current Report on Form 8-K.




Item 9.01   Financial Statements and Exhibits.
(d) Exhibits:

 Exhibit No.      Exhibit Description
     99.1           Blog post published by Dropbox, Inc. on March 28, 2022

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