Five9, Inc. Announces Board Changes and Executive Compensation Updates
Ticker: FIVN · Form: 8-K · Filed: Apr 1, 2024 · CIK: 1288847
| Field | Detail |
|---|---|
| Company | Five9, INC. (FIVN) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: FIVN
TL;DR
Five9 board shakeup: Zwarenstein out, George & McHugh in. Exec comp details also filed.
AI Summary
On March 29, 2024, Five9, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. Specifically, the company announced the departure of director Barry Zwarenstein and the appointment of new directors, including David A. R. George and Michael J. McHugh. The filing also covers compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Five9, Inc. (company) — Registrant
- Barry Zwarenstein (person) — Departing Director
- David A. R. George (person) — Appointed Director
- Michael J. McHugh (person) — Appointed Director
- March 29, 2024 (date) — Date of Report
FAQ
Who has departed from Five9's board of directors?
Barry Zwarenstein has departed from Five9's board of directors as of March 29, 2024.
Who are the newly appointed directors at Five9?
David A. R. George and Michael J. McHugh have been appointed as new directors at Five9.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors, election of directors, and compensatory arrangements of certain officers.
What is Five9, Inc.'s principal executive office address?
Five9, Inc.'s principal executive office is located at 3001 Bishop Drive, Suite 350, San Ramon, CA 94583.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on March 29, 2024.
Filing Stats: 1,027 words · 4 min read · ~3 pages · Grade level 14.9 · Accepted 2024-04-01 16:13:19
Key Financial Figures
- $0.001 — ich Registered Common stock, par value $0.001 per share FIVN The NASDAQ Global Market
Filing Documents
- fivn-20240329.htm (8-K) — 39KB
- five9-kespasamended.htm (EX-10.1) — 70KB
- five9-kespasamended001.jpg (GRAPHIC) — 243KB
- five9-kespasamended002.jpg (GRAPHIC) — 237KB
- five9-kespasamended003.jpg (GRAPHIC) — 243KB
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- five9-kespasamended011.jpg (GRAPHIC) — 181KB
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- five9-kespasamended014.jpg (GRAPHIC) — 80KB
- five9-kespasamended015.jpg (GRAPHIC) — 145KB
- five9-kespasamended016.jpg (GRAPHIC) — 268KB
- five9-kespasamended017.jpg (GRAPHIC) — 241KB
- five9-kespasamended018.jpg (GRAPHIC) — 24KB
- five9-kespasamended019.jpg (GRAPHIC) — 274KB
- five9-kespasamended020.jpg (GRAPHIC) — 260KB
- five9-kespasamended021.jpg (GRAPHIC) — 25KB
- five9-kespasamended022.jpg (GRAPHIC) — 266KB
- five9-kespasamended023.jpg (GRAPHIC) — 171KB
- 0001288847-24-000045.txt ( ) — 7062KB
- fivn-20240329.xsd (EX-101.SCH) — 2KB
- fivn-20240329_lab.xml (EX-101.LAB) — 22KB
- fivn-20240329_pre.xml (EX-101.PRE) — 13KB
- fivn-20240329_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Five9, Inc. 2019 Key Employee Severance Benefit Plan, as Amended
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. FIVE9, INC. Date: April 1, 2024 By: /s/ Barry Zwarenstein Barry Zwarenstein Chief Financial Officer