secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2021-07-08T23:59:59+00:00
Accession:  0001193125-21-210812
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/0001193125-21-210812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000119312521210812/d116224d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-210812

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer