F5, Inc. CFO Departs, Interim CFO Appointed
Ticker: FFIV · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1048695
| Field | Detail |
|---|---|
| Company | F5, INC. (FFIV) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $60,000, $20,000, $105,770, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, cfo-appointment, personnel-change
Related Tickers: FFIV
TL;DR
F5's CFO is out, interim CFO steps in. Keep an eye on financials.
AI Summary
On October 10, 2024, F5, Inc. filed an 8-K report detailing the departure of its Chief Financial Officer, Frank Pelz, effective October 11, 2024. The company also announced the appointment of Adam R. May as interim CFO. Additionally, F5 reported on its compensatory arrangements for certain officers.
Why It Matters
The departure of a CFO can signal changes in financial strategy or performance, and the appointment of an interim CFO suggests a transition period for the company's financial leadership.
Risk Assessment
Risk Level: medium — A CFO departure and interim appointment can introduce uncertainty regarding financial strategy and future performance.
Key Players & Entities
- F5, Inc. (company) — Registrant
- Frank Pelz (person) — Departing Chief Financial Officer
- October 11, 2024 (date) — Effective date of CFO departure
- Adam R. May (person) — Appointed Interim Chief Financial Officer
- October 10, 2024 (date) — Date of report
FAQ
Who is the new interim Chief Financial Officer for F5, Inc.?
Adam R. May has been appointed as the interim Chief Financial Officer for F5, Inc.
When is the departure of the current Chief Financial Officer effective?
The departure of Frank Pelz, the current Chief Financial Officer, is effective October 11, 2024.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of a director or officer, the election of directors, and compensatory arrangements of certain officers.
What was F5, Inc.'s former name?
F5, Inc. was formerly known as F5 NETWORKS, INC. and prior to that, F5 LABS INC.
What is the principal executive office address for F5, Inc.?
The principal executive offices of F5, Inc. are located at 801 5th Avenue, Seattle, WA 98104.
Filing Stats: 594 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-10-15 16:07:42
Key Financial Figures
- $60,000 — s); an annual retainer in the amount of $60,000 and an annual payment of $20,000 as a m
- $20,000 — unt of $60,000 and an annual payment of $20,000 as a member of the Audit Committee. The
- $105,770 — on a prior average stock price value of $105,770 reflecting a pro-rata portion of the $2
- $250,000 — 70 reflecting a pro-rata portion of the $250,000 annual grant value to directors. Item
Filing Documents
- ffiv-20241010.htm (8-K) — 30KB
- ex991-item50210102024.htm (EX-99.1) — 12KB
- 0001048695-24-000148.txt ( ) — 167KB
- ffiv-20241010.xsd (EX-101.SCH) — 2KB
- ffiv-20241010_lab.xml (EX-101.LAB) — 21KB
- ffiv-20241010_pre.xml (EX-101.PRE) — 12KB
- ffiv-20241010_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On October 15, 2024, the Company issued a press release announcing the election to the Board of Mses. Gonzalez and McReynolds. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: 99.1 Press Release of F5, Inc. dated October 1 5 , 202 4 . 104 Cover Page Interactive Data File (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. F5, INC. (Registrant) Date: October 15, 2024 By: /s/ Scot F. Rogers Scot F. Rogers Executive Vice President and General Counsel