Five9, Inc. Files 8-K: Board Changes and Agreements
Ticker: FIVN · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1288847
| Field | Detail |
|---|---|
| Company | Five9, INC. (FIVN) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $2 billion, $400,000, $400,000 b, $42.48 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, material-agreement
Related Tickers: FIVN
TL;DR
Five9 8-K: Board shakeup, new deals, and exec pay changes filed Dec 8.
AI Summary
On December 8, 2024, Five9, Inc. filed an 8-K report detailing several key events. These include the entry into a material definitive agreement, the departure and election of directors and officers, and the establishment of compensatory arrangements for certain officers. The filing also includes a Regulation FD Disclosure and financial statements and exhibits.
Why It Matters
This filing signals potential shifts in corporate governance and executive compensation at Five9, Inc., which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with material definitive agreements, can indicate strategic shifts or potential disruptions that warrant investor attention.
Key Numbers
- 001-36383 — Commission File Number (Identifies the SEC filing for Five9, Inc.)
- 94-3394123 — I.R.S. Employer Identification No. (Tax identification number for Five9, Inc.)
Key Players & Entities
- Five9, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- December 8, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement was entered into by Five9, Inc. on or before December 8, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
Who are the directors or officers that have departed from Five9, Inc. as reported in this 8-K?
The filing mentions the departure of directors or certain officers, but their names are not specified in the provided text.
Were there any new directors elected or officers appointed to Five9, Inc. as of December 8, 2024?
Yes, the filing states the election of directors and appointment of certain officers as part of the reported events.
What is the nature of the compensatory arrangements for certain officers mentioned in the filing?
The filing notes compensatory arrangements of certain officers, but the specific details of these arrangements are not elaborated upon in the provided text.
Does the Regulation FD Disclosure in this filing provide any new material information?
The filing includes a Regulation FD Disclosure, but the content of this disclosure is not detailed in the provided text.
Filing Stats: 1,664 words · 7 min read · ~6 pages · Grade level 11.5 · Accepted 2024-12-09 16:26:55
Key Financial Figures
- $0.001 — ich Registered Common stock, par value $0.001 per share FIVN The NASDAQ Global Ma
- $2 billion — y held alternative asset manager with US$2 billion in assets, since October 2023. Prior to
- $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 $42.48 (the closing trading price of t
- $42.48 — o be determined by dividing $400,000 by $42.48 (the closing trading price of the Compa
- $83,333 — rorated RSU award with a value equal to $83,333, with the number of RSUs to be determin
- $83,333 b — er of RSUs to be determined by dividing $83,333 by the Reference Price, which award will
Filing Documents
- d853805d8k.htm (8-K) — 42KB
- d853805dex101.htm (EX-10.1) — 73KB
- d853805dex991.htm (EX-99.1) — 11KB
- 0001193125-24-273432.txt ( ) — 275KB
- fivn-20241208.xsd (EX-101.SCH) — 3KB
- fivn-20241208_lab.xml (EX-101.LAB) — 18KB
- fivn-20241208_pre.xml (EX-101.PRE) — 11KB
- d853805d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Cooperation Letter Agreement, dated December 8, 2024, between the Company, Anson Funds Management LP, Anson Advisors Inc. and certain other parties. 99.1 Press Release issued by the Company on December 9, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. * Exhibits omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish a copy of any omitted exhibit to the Securities and Exchange Commission upon request. The Company may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act for any exhibits so furnished. SIGNATURE 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 thereunto duly authorized. FIVE9, INC. Date: December 9, 2024 By: /s/ Barry Zwarenstein Name: Barry Zwarenstein Title: Chief Financial Officer