secwatch.observer — SEC 8-K summary
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Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001288847-25-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five9 EVP Daniel Burkland transitions to consultant; $500/hr, 6-month term
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- Daniel Burkland resigned as EVP Go-to-Market Strategy and entered a 6-month consulting agreement effective March 8, 2025.
- Consulting rate of $500 per hour for transition/advisory services in sales, marketing, partnerships, and customer relationships.
- Company will cover COBRA premiums for Burkland and dependents until earlier of consulting end, COBRA expiry, or new group coverage.
- Burkland's unvested equity awards continue to vest during the consulting term.
- Agreement includes non-compete clause, confidentiality, and invention assignment; termination possible for cause with 30-day notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000004/0001288847-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000004/fivn-20250205.htm
  HTML page:      https://secwatch.observer/filing/0001288847-25-000004

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