secwatch.observer — SEC 8-K summary
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Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001193125-24-273432
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Five9 appoints Sagar Gupta to board under cooperation agreement with Anson Funds
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- Sagar Gupta appointed as Class III director with term expiring at 2026 annual meeting.
- Cooperation agreement requires Anson to vote with board and imposes standstill until 20 days before 2026 nomination deadline.
- Gupta receives initial RSU awards totaling $483,333 based on $42.48 reference price, vesting over one to three years.
- Gupta must resign if Anson's aggregate ownership falls below 700,000 shares.
- Five9 board expands to 10 directors, nine of whom are independent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000119312524273432/0001193125-24-273432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000119312524273432/d853805d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-273432

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