BOX INC

Box Inc. announced that its Principal Accounting Officer and Vice President, Chief Accounting Officer and Controller, Eli Berkovitch, has resigned from his position, effective October 23, 2026. The company stated that Mr. Berkovitch's decision was not prompted by any disagreements regarding financial matters or company policies. Dylan Smith, the current Cofounder and Chief Financial Officer, will assume the role of interim principal accounting officer while the search for a permanent replacement is underway. Mr. Smith will continue to fulfill his existing responsibilities as CFO.

Box, Inc. held its Annual Meeting of stockholders on June 25, 2026, where several key proposals were approved. Stockholders voted to amend the 2015 Equity Incentive Plan, increasing the number of shares reserved for issuance by 7,200,000. Additionally, three Class III directors were elected, the compensation of named executive officers was approved on an advisory basis, and Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 31, 2027.

Box Inc. reported strong financial results for the first quarter ended April 30, 2026, with revenue increasing 10.7% to $305.9 million and net income surging 116.3% to $17.7 million. Diluted EPS also saw a significant rise of 300% to $0.08. The company's Board of Directors authorized a $500 million expansion of its share repurchase plan, and Box repurchased $116.4 million of common stock during the quarter.

Box, Inc. reported strong preliminary financial results for the first quarter of fiscal year 2027, exceeding its guidance on revenue, billings, operating margin, and net retention rate. The company achieved record revenue of $305.9 million, an 11% increase year-over-year, and expanded its non-GAAP operating margin to 27.7%. Box also highlighted continued customer adoption of its Enterprise Advanced and Box AI solutions, along with the introduction of new AI-powered features like Box Agent and Box Automate. Additionally, Box repurchased 4.8 million shares for $114 million and provided positive guidance for Q2 and the full fiscal year 2027.

Box Inc. will hold its annual meeting virtually on June 25, 2026. Stockholders of record as of May 1, 2026, are eligible to vote on several proposals, including the election of three Class III directors, an advisory vote on executive compensation, and an amendment to the 2015 Equity Incentive Plan to increase the number of shares reserved for issuance by 7,200,000 shares. The board recommends voting in favor of all proposals. The board is composed of 38% women and 25% directors from underrepresented communities.