LAW CS Disco, Inc.
Price Chart
Executive Summary
CS Disco appointed Toby Williams to its board of directors effective April 22, 2026, while announcing that Colette Pierce Burnette and Aaron Clark will not stand for re-election at the upcoming 2026 annual meeting, resulting in a future reduction of the board from ten to eight members. Williams brings executive experience from Paylocity and other tech firms, and will receive a $300,000 initial equity award.
Actionable Insight
Monitor the 2026 annual meeting for confirmation of the board size reduction and any further governance changes. The addition of a tech-savvy CEO like Williams may signal strategic direction, but no immediate operational or financial impact is expected.
Key Facts
- Toby Williams was appointed to the board of directors effective April 22, 2026, increasing the board size to ten directors temporarily.
- Williams is President and CEO of Paylocity Holding Corporation, with prior executive roles at Ellucian and Paychex.
- He will receive an initial equity award of $300,000 in RSUs vesting over 12 quarters and an annual $150,000 RSU grant starting in 2027, plus a $35,000 annual cash retainer.
- Directors Colette Pierce Burnette and Aaron Clark will not stand for re-election at the 2026 annual meeting, after which the board will shrink to eight members.
- Williams is deemed independent under NYSE rules.
Financial Impact
The $300,000 initial equity award and $150,000 annual equity grants represent incremental stock-based compensation. The board reduction implies lower ongoing director compensation costs.
Risk Factors
- Potential governance instability from reducing board size by two directors.
- Share dilution from new equity grants to the incoming director.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001625641-26-000082 |
| Document: 0001625641-26-000082-index-headers.html | 0001625641-26-000082 |
| Document: 0001625641-26-000082-index.html | 0001625641-26-000082 |
| Document: 0001625641-26-000082.txt | 0001625641-26-000082 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 19, 2026
21d ago
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Insider Cluster
| $3.84 $3.71 | ▼ −3.39% | ▼ −4.62% | $3.56 (−7.29%) |
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May 6, 2026
4w ago
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8-K
| $3.72 $3.79 | ▲ +1.88% | ▲ +0.75% | $3.56 (−4.30%) |
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Apr 23, 2026
6w ago
|
8-K
| $3.94 $4.50 | ▲ +14.21% | ▲ +12.74% | $3.56 (−9.64%) |
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Feb 27, 2026
14w ago
|
Insider Cluster
| $3.25 $4.79 | ▲ +47.38% | ▲ +49.37% | $3.56 (+9.54%) |
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Feb 27, 2026
14w ago
|
Insider Cluster
| $3.25 $4.79 | ▲ +47.38% | ▲ +49.37% | $3.56 (+9.54%) |
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Feb 27, 2026
14w ago
|
Insider Cluster
| $3.25 $4.79 | ▲ +47.38% | ▲ +49.37% | $3.56 (+9.54%) |
|
Feb 25, 2026
14w ago
|
8-K
| $2.76 $4.19 | ▲ +51.81% | ▲ +52.91% | $3.56 (+28.99%) |
US Market Status
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