---
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"
generated_at: "2026-06-30T06:34:48.274014+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bandwidth appoints Daryl Raiford as CFO, succeeding Jeff Hoffman in August 2021

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-210812
- JSON: https://secwatch.observer/filing/0001193125-21-210812.json
- Plain text: https://secwatch.observer/filing/0001193125-21-210812.txt

## Key facts
- Executive change
  Daryl Raiford was appointed as Chief Financial Officer at Bandwidth Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/0001193125-21-210812-index.htm
- Executive change
  Jeff Hoffman resigned as Chief Financial Officer at Bandwidth Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/0001193125-21-210812-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.