Five9 Adds Directors, Updates Executive Compensation
Ticker: FIVN · Form: 8-K · Filed: May 22, 2024 · CIK: 1288847
| Field | Detail |
|---|---|
| Company | Five9, INC. (FIVN) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $400,000, $400,000 b, $200,000, $200,000 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: FIVN
TL;DR
Five9 adds two new directors to the board and makes changes to exec pay.
AI Summary
On May 21, 2024, Five9, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. Specifically, the report announced the election of two new directors, Maria E. Martinez and Robert L. Pera, to the Board, effective May 20, 2024. Additionally, the company disclosed updates to its executive compensation arrangements.
Why It Matters
The addition of new directors and adjustments to executive compensation can signal strategic shifts or governance changes within Five9, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns board composition and executive compensation, which are standard corporate governance matters and do not indicate immediate financial distress or significant operational changes.
Key Players & Entities
- Five9, Inc. (company) — Registrant
- Maria E. Martinez (person) — Newly elected director
- Robert L. Pera (person) — Newly elected director
- May 21, 2024 (date) — Date of earliest event reported
- May 20, 2024 (date) — Effective date of director elections
FAQ
Who are the newly elected directors to Five9's Board?
Maria E. Martinez and Robert L. Pera were elected as new directors to Five9's Board.
When were the new directors elected?
The new directors were elected effective May 20, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report the departure of directors or certain officers, the election of directors, and updates to compensatory arrangements of certain officers.
What is Five9, Inc.'s principal executive office address?
Five9, Inc.'s principal executive offices are located at 3001 Bishop Drive, Suite 350, San Ramon, CA 94583.
What is the Commission File Number for Five9, Inc.?
The Commission File Number for Five9, Inc. is 001-36383.
Filing Stats: 1,013 words · 4 min read · ~3 pages · Grade level 10.1 · Accepted 2024-05-22 16:49:26
Key Financial Figures
- $0.001 — ich Registered Common stock, par value $0.001 per share FIVN The NASDAQ Global Market
- $400,000 — it ("RSU") award with an award value of $400,000, with the number of RSUs to be determin
- $400,000 b — er of RSUs to be determined by dividing $400,000 by the closing trading price of a share o
- $200,000 — (B) an RSU award with an award value of $200,000, with the number of RSUs to be determin
- $200,000 b — er of RSUs to be determined by dividing $200,000 by the closing trading price of a share o
Filing Documents
- fivn-20240521.htm (8-K) — 32KB
- 0001288847-24-000085.txt ( ) — 157KB
- fivn-20240521.xsd (EX-101.SCH) — 2KB
- fivn-20240521_lab.xml (EX-101.LAB) — 22KB
- fivn-20240521_pre.xml (EX-101.PRE) — 13KB
- fivn-20240521_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
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: May 22, 2024 By: /s/ Barry Zwarenstein Barry Zwarenstein Chief Financial Officer