CFO Frank Pelzer to retire Nov 18; to serve as consultant through May 2025

F5, INC.

Retirement effective upon filing FY2024 10-K, expected Nov 18, 2024.
Pelzer will receive a lump sum payment of $315,125 and acceleration of 6,740 RSUs.
Consulting agreement from Dec 1, 2024 to May 31, 2025 at $46,833.33 per month.
Pelzer to act as senior advisor to successor CFO during consulting period.

item 5.02 item 9.01

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Departed

Frank Pelzer

Chief Financial Officer

FFIV · F5, INC.

Effective: 2024-11-18
Filed: November 5, 2024, 6:59 PM ET

On October 31, 2024, in connection with the previously announced retirement of Frank Pelzer, Executive Vice President and Chief Financial Officer of F5, Inc. (the “Company”), the Company and Mr. Pelzer entered into a Transition Agreement (the “Transition Agreement”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Pelzer resigned as Chief Financial Officer at F5, INC..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On October 31, 2024, in connection with the previously announced retirement of Frank Pelzer, Executive Vice President and Chief Financial Officer of F5, Inc. (the “Company”), the Company and Mr. Pelzer entered into a Transition Agreement (the “Transition Agreement”).

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F5, INC. filing history →

Source: SEC EDGAR

accession 0001048695-24-000169

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