{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-210812","form_type":"8-K","ticker":"BAND","cik":"0001514416","company_name":"Bandwidth Inc.","filed_at":"2021-07-08T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.347439+00:00","generated_at":"2026-06-30T06:34:48.274014+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bandwidth appoints Daryl Raiford as CFO, succeeding Jeff Hoffman in August 2021","bullets":["Raiford to join July 12 as EVP, become CFO after Q2 2021 filing; base salary $425,000.","Target annual cash incentive 75% of salary; RSU award of $2.5M vesting over 4 years.","Severance: 100% base + bonus (150% within 12 months post-change-of-control), equity acceleration.","Hoffman remains through Aug. 31 to assist transition; served as CFO for 10 years.","Raiford formerly CFO at Ribbon Communications (NASDAQ: RBBN), previously at Freescale, Travelport, HP."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-210812","json":"https://secwatch.observer/filing/0001193125-21-210812.json","markdown":"https://secwatch.observer/filing/0001193125-21-210812.md","text":"https://secwatch.observer/filing/0001193125-21-210812.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/0001193125-21-210812-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/d116224d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T06:34:48.274014+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b4d7e99bec","claim":"Daryl Raiford was appointed as Chief Financial Officer at Bandwidth Inc..","evidence_excerpt":"On July 6, 2021, Bandwidth Inc., a Delaware corporation (“Bandwidth” or the “Company”), entered into an Employment Agreement (the “Employment Agreement”) with Daryl Raiford, who is expected to succeed Jeff Hoffman as the Company’s Chief Financial Officer in August 2021, following a transition period during which he will work alongside Mr. Hoffman as Bandwidth’s EVP, Finance.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/0001193125-21-210812-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"e3c97cf0bd","claim":"Jeff Hoffman resigned as Chief Financial Officer at Bandwidth Inc..","evidence_excerpt":"As previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC by the Company on May 5, 2021, Mr. Hoffman previously submitted his resignation but will remain with the Company through August 31, 2021 to assist the Company with the transition.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/0001193125-21-210812-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}