Five9 CFO Departs; Interim Appointed; New Directors Elected
Ticker: FIVN · Form: 8-K · Filed: Mar 24, 2025 · CIK: 1288847
| Field | Detail |
|---|---|
| Company | Five9, INC. (FIVN) |
| Form Type | 8-K |
| Filed Date | Mar 24, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, interim-cfo
Related Tickers: FIVN
TL;DR
Five9 CFO out, interim in. Two new board members join.
AI Summary
Five9, Inc. announced on March 19, 2025, the departure of its Chief Financial Officer, Barry Zwarenstein, effective March 21, 2025. The company also appointed Jonathan Schai to serve as Interim Chief Financial Officer. Additionally, the company announced the election of two new directors, Elizabeth Morray and David Shuman, to its Board of Directors, effective March 19, 2025.
Why It Matters
The departure of a CFO and the appointment of an interim successor can signal a period of transition and potential strategic shifts for the company. The addition of new directors may also indicate changes in governance or strategic direction.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding future strategy and financial management.
Key Players & Entities
- Five9, Inc. (company) — Registrant
- Barry Zwarenstein (person) — Departing Chief Financial Officer
- Jonathan Schai (person) — Interim Chief Financial Officer
- Elizabeth Morray (person) — Newly Elected Director
- David Shuman (person) — Newly Elected Director
- March 19, 2025 (date) — Effective date of board changes and CFO departure notice
- March 21, 2025 (date) — Effective date of CFO departure
FAQ
Who is replacing Barry Zwarenstein as CFO?
Jonathan Schai has been appointed as the Interim Chief Financial Officer.
When did Barry Zwarenstein's departure become effective?
Barry Zwarenstein's departure is effective March 21, 2025.
Who are the new members of the Board of Directors?
Elizabeth Morray and David Shuman have been elected as new directors.
What is Five9, Inc.'s principal executive office address?
The principal executive offices are located at 3001 Bishop Drive, Suite 350, San Ramon, CA 94583.
What is the filing date of this 8-K report?
This 8-K report was filed on March 24, 2025, reporting events as of March 19, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 24, 2025 by Barry Zwarenstein regarding Five9, Inc. (FIVN).