---
schema_version: "secwatch.filing_event.v1"
accession: "0001288847-24-000045"
form_type: "8-K"
ticker: "FIVN"
cik: "0001288847"
company_name: "Five9, Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:23:34.039275+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Five9 extends key employee severance plan by one year; no benefit changes

## Summary
- Compensation Committee approved one-year extension of KESP through April 4, 2025.
- Benefits for participating executives unchanged; includes cash severance, COBRA premiums, and double-trigger equity vesting.
- Named executive officers covered: CEO Michael Burkland (Tier 1), CFO Barry Zwarenstein (Tier 2), President/COO/EVP (Tier 3).
- KESP was set to expire April 4, 2024; extension maintains same levels and multipliers as prior plan.
- Severance multipliers unchanged: Tier 1: 12/18 mo., Tier 2: 9/15, Tier 3: 6/12, Tier 4: 4/6.

## SEC filing metadata
- accession: 0001288847-24-000045
- form_type: 8-K
- ticker: FIVN
- cik: 0001288847
- company_name: Five9, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288847/000128884724000045/0001288847-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288847/000128884724000045/fivn-20240329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001288847-24-000045
- JSON: https://secwatch.observer/filing/0001288847-24-000045.json
- Plain text: https://secwatch.observer/filing/0001288847-24-000045.txt

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