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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On March 30, 2021, the holders of Deep Lake Capital Acquisition Corp.’s (the “Company”) Class B ordinary shares, par value $0.0001
(“Founder Shares”) elected Jeremy Jonker to serve as a director of the Company. Mr. Jonker will also serve as a member of the Audit Committee, Compensation Committee and Nominating Committee, with the Company’s Board of Directors having determined
that Mr. Jonker satisfied all applicable requirements to serve on such committees, including without limitation the applicable independence requirements of the Nasdaq Capital Market and the Securities Exchange Act of 1934, as amended. Following the
appointment of Mr. Jonker, the Company’s Audit Committee, Compensation Committee and Nominating Committee each consists of Pamela Attinger, Mark Lenhard, David Motley and Mr. Jonker. Mr. Jonker will serve until the second Annual Meeting of
Stockholders or until his successor shall be elected and duly qualified.
Mr. Jonker has more than 20 years of experience in advising and executing growth strategies for companies, such as acquisitions, joint
ventures, partnerships and minority investments. Most recently, Mr. Jonker served as the Senior Vice President of Consumer In-Store and Digital Commerce at PayPal, where he spearheaded PayPal and Venmo’s in-store payments initiatives and led the
teams responsible for creating a seamless shopping, cash-back and rewards experience for millions of customers around the globe. Mr. Jonker joined PayPal in May of 2012 to lead Corporate Development (M&A) and PayPal Ventures. Under his
leadership, PayPal made a number of significant acquisitions, including Braintree, Venmo, Xoom and Honey, and investments backing some of the world’s most innovative start-ups, including Uber, Acorns, Divvy and Plaid. Prior to working at PayPal, Mr.
Jonker was the Vice President and Head of Corporate Development of Sabre Holdings, where he was responsible for executing the global M&A initiatives. Prior to Sabre Holdings, Mr. Jonker was an investment banker in New York with J.P. Morgan. Mr.
Jonker holds a Bachelor of Science in Finance from Indiana University Bloomington – Kelley School of Business, and an MBA with Distinction from Georgetown University – The McDonough School of Business. The Company believes Mr. Jonker’s extensive
ecommerce experience and his experience in corporate strategy, mergers and acquisitions and other corporate growth initiatives, make him well qualified to serve as a member of our board of directors.
There are no arrangements or understandings between Mr. Jonker and any other person pursuant to which he was elected as a director of the
Company, and there are no family relationships between Mr. Jonker and any of the Company’s other directors or executive officers.
In connection with Mr. Jonker’s appointment, he and the Company entered into an indemnification agreement, a letter agreement and a joinder
to the registration and shareholder rights agreement, each dated as of March 30, 2021, entered into by the Company with its directors and officers in connection with the Company’s initial public offering. Each of the director indemnification
agreement, the letter agreement and the registration and shareholder rights agreement was described in, and the forms of which were filed as exhibits to, the Company’s registration statement relating to the Company’s initial public offering (File No.
333-251649).
In connection with his appointment as a director of the Company, Mr. Jonker will receive 30,000 Founder Shares from the Company’s sponsor,
Deep Lake Capital Sponsor LP.