Bandwidth Inc. Reports Director/Officer Changes and Financials
Ticker: BAND · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1514416
| Field | Detail |
|---|---|
| Company | Bandwidth Inc. (BAND) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $350,000, $400,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, filing, financials
Related Tickers: BAND
TL;DR
Bandwidth Inc. filed an 8-K detailing leadership changes and financial updates.
AI Summary
Bandwidth Inc. filed an 8-K on January 1, 2025, reporting changes in its board of directors and executive officers, including the appointment of new officers and potential changes to compensatory arrangements. The filing also includes financial statements and exhibits, and a Regulation FD disclosure.
Why It Matters
Changes in a company's leadership and executive compensation can signal strategic shifts or impact investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive officers and board composition can indicate internal shifts that may affect future performance or strategy.
Key Players & Entities
- Bandwidth Inc. (company) — Registrant
- January 1, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Raleigh, NC (location) — Principal executive offices
FAQ
What specific changes were made to Bandwidth Inc.'s board of directors or executive officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' but the specific details of these changes are not provided in the excerpt.
What is the significance of the 'Regulation FD Disclosure' mentioned in the filing?
Regulation FD (Fair Disclosure) ensures that material non-public information is disclosed to all investors simultaneously, preventing selective disclosure.
What types of financial statements and exhibits are included with this 8-K filing?
The filing lists 'Financial Statements and Exhibits' as an item, but the specific contents are not detailed in the provided text.
When was Bandwidth Inc. incorporated, and what is its IRS Employer Identification Number?
Bandwidth Inc. was incorporated in Delaware and its IRS Employer Identification No. is 56-2242657.
What was Bandwidth Inc.'s former company name, and when did the name change occur?
Bandwidth Inc.'s former company name was Bandwidth.com, Inc., and the name change occurred on March 3, 2011.
Filing Stats: 833 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2025-01-02 16:02:42
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share BAND NASDAQ Global Select Mar
- $350,000 — reased, effective January 1, 2025, from $350,000 to $400,000. Mr. Agarwal's target ince
- $400,000 — ctive January 1, 2025, from $350,000 to $400,000. Mr. Agarwal's target incentive amount
- $1,000,000 — estricted stock units ("RSUs") equal to $1,000,000 divided by the closing sales price of a
Filing Documents
- band-20250101.htm (8-K) — 30KB
- q12025documentcooappointme.htm (EX-99.1) — 7KB
- 0001514416-25-000002.txt ( ) — 162KB
- band-20250101.xsd (EX-101.SCH) — 2KB
- band-20250101_lab.xml (EX-101.LAB) — 22KB
- band-20250101_pre.xml (EX-101.PRE) — 13KB
- band-20250101_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 2, 2025, the Company issued a press release announcing Mr. Agarwal's appointment as the Company's Chief Operating Officer, effective January 1, 2025. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information set forth under this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Bandwidth Inc. press release, dated January 2, 2025 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BANDWIDTH INC. Date: January 2, 2025 By: /s/ R. Brandon Asbill Name: R. Brandon Asbill Title: General Counsel and Secretary