DP Cap Acquisition Corp I appointed Scott Savitz as new CEO

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


Departure of Martin Zinny as Chief Executive Officer, Chief Financial Officer and Director


On September 2, 2022, Martin Zinny and DP Cap Acquisition Corp I (the "Company") agreed that Mr. Zinny will no longer serve as the Company's Chief Executive Officer and Chief Financial Officer, effective September 2, 2022.


Appointment of Scott Savitz as Chief Executive Officer


On September 2, 2022, the Company's board of directors appointed Scott Savitz as the Company's Chief Executive Officer, effective September 2, 2022.


Mr. Savitz has been the Chairman of the Company's board of directors since its inception. Mr. Savitz is the Founder of Data Point Capital and a Managing Partner. Scott is also the founder and former CEO of Shoebuy.com. Mr. Savitz founded Shoebuy in 1999, and served as its CEO through its sale to InterActive Corporation. Further, Mr. Savitz serves on the boards of CoachUp, Jebbit, Print Syndicate, Returnalyze, UpShift, Yieldify and Vee24. Mr. Savitz has also previously served as an Advisor for Olejo Stores (acquired by Mattress Firm), On The Spot Systems, Inc. (acquired by Press Ganey), Bluestem Brands (acquired by Capmark Financial Group), and Paintzen (acquired by PPG Industries). Scott also led Data Point Capital investments in CABA Designs, CLYPD (sold to AT&T), connectRN, DraftKings, Rent The Runway and Resident.


There are no family relationships between Mr. Savitz and any director or executive officer of the Company. In addition, Mr. Savitz has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.


The Company did not enter into an employment agreement with Mr. Savitz in connection with his appointment as Chief Executive Officer.


Appointment of Dan Lynch as Chief Financial Officer


On September 2, 2022, the Company's board of directors appointed Dan Lynch as the Company's Chief Financial Officer, as well as the principal financial officer and principal accounting officer, in each case effective September 2, 2022.


Dan Lynch is the Vice President of Finance at Data Point Capital. Prior to joining Data Point Capital in 2022, Mr. Lynch was Vice President of Finance at Berkshire Partners in Boston from 2016 to 2022. He began his career in the audit practice of PwC's Boston office serving a variety of public and private asset management clients. Mr. Lynch obtained an MS in Accounting from Boston College, and his BA in Accounting from Saint Anselm College.


There are no family relationships between Mr. Lynch and any director or executive officer of the Company. In addition, Mr. Lynch has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.


The Company did not enter into an employment agreement with Mr. Lynch in connection with his appointment as Chief Financial Officer.


Realignment of Board Classification


On September 2, 2022, in accordance with the Company's amended and restated memorandum and articles of association, the Board decreased the size of the Board to four members and, in order to achieve an equal balance of membership among the classes of directors, determined to move Scott Savitz from Class II with a term expiring at the 2023 Annual Meeting of Stockholders to Class III with a term expiring at the 2024 Annual Meeting of Stockholders, in each case effective September 2, 2022. Accordingly, on the same date, Mr. Savitz, who was a Class II director, resigned as a director and was immediately elected by the Board as a Class III director. The resignation and re-election of Mr. Savitz was effected solely to rebalance the Board's classes and, for all other purposes, including compensation, Mr. Savitz's service on the Board is deemed to have continued uninterrupted. The Board now consists of one Class I directors, one Class II directors and two Class III directors. The current Class I Director is now Diane Hessan; the current Class II Director is Lars Albright; and the current Class III Directors are Leonard Schlesinger and Scott Savitz.


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