---
schema_version: "secwatch.filing_event.v1"
accession: "0001288847-25-000008"
form_type: "8-K"
ticker: "FIVN"
cik: "0001288847"
company_name: "Five9, Inc."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T14:37:38.023473+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Five9 extends key employee severance plan through April 2027; terms unchanged

## Summary
- Compensation Committee approved two-year extension of 2019 Key Employee Severance Benefit Plan on Feb 11, 2025.
- Plan now expires April 4, 2027 instead of April 4, 2025; no changes to benefit levels or eligibility.
- Named executive officers covered: CEO (Tier 1), CFO (Tier 2), COO and EVP Product Engineering (Tier 3).
- Benefits include cash severance up to 18 months of base salary plus bonus, COBRA, and full equity vesting upon change-in-control termination.

## SEC filing metadata
- accession: 0001288847-25-000008
- form_type: 8-K
- ticker: FIVN
- cik: 0001288847
- company_name: Five9, Inc.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288847/000128884725000008/0001288847-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288847/000128884725000008/fivn-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001288847-25-000008
- JSON: https://secwatch.observer/filing/0001288847-25-000008.json
- Plain text: https://secwatch.observer/filing/0001288847-25-000008.txt

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