secwatch.observer — SEC 8-K summary
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Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001288847-25-000008
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000008/0001288847-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000008/fivn-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001288847-25-000008

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