---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-260119"
form_type: "8-K"
ticker: "FIVN"
cik: "0001288847"
company_name: "Five9, Inc."
filed_at: "2022-10-11T23:59:59+00:00"
generated_at: "2026-06-23T04:17:16.105201+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Five9 CEO Rowan Trollope resigns; Mike Burkland returns as CEO; Q3 prelim revenue $198M beats guidance

## Summary
- Rowan Trollope resigns as CEO and director, effective Nov 28, 2022, to lead a private pre-IPO company.
- Mike Burkland (Chairman and former CEO) appointed CEO effective Nov 28, 2022; receives $14M RSU and $14M target PRSU.
- Preliminary Q3 2022 revenue ~$198M (guidance $192.5-$193.5M); non-GAAP EPS ~$0.38 (guidance $0.31-$0.33).
- Board reclassifies Susan Barsamian from Class I to Class II to balance director classes after Trollope's departure.
- Burkland's base salary $585k; annual target bonus 100% of base; eligible for standard severance benefits.

## SEC filing metadata
- accession: 0001193125-22-260119
- form_type: 8-K
- ticker: FIVN
- cik: 0001288847
- company_name: Five9, Inc.
- filed_at: 2022-10-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288847/000119312522260119/0001193125-22-260119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288847/000119312522260119/d748132d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-260119
- JSON: https://secwatch.observer/filing/0001193125-22-260119.json
- Plain text: https://secwatch.observer/filing/0001193125-22-260119.txt

## Key facts
- Executive change
  Michael Burkland was appointed as Chief Executive Officer at Five9, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 10, 2022, the Company announced that the Board appointed its Chairman and former Chief Executive Officer, Michael Burkland, as the Company’s Chief Executive Officer, effective November 28, 2022 (the “ Effective Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288847/000119312522260119/0001193125-22-260119-index.htm
- Executive change
  Rowan Trollope resigned as Chief Executive Officer at Five9, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On October 7, 2022, Rowan Trollope informed the Company of his decision to resign as Chief Executive Officer of the Company and from the Company’s Board of Directors (the “ Board ”) as a Class II director, effective November 28, 2022 (the “ Resignation Effective Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288847/000119312522260119/0001193125-22-260119-index.htm

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