secwatch.observer — SEC 8-K summary
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Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001288847-25-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five9 promotes COO Andy Dignan to President, effective March 10, 2025
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- Andy Dignan, previously COO since Nov 2023, appointed President effective March 10, 2025.
- New base salary $465,000; annual bonus target $395,250 under 2025 Executive Bonus Program.
- Granted RSUs worth $1.33M (quarterly vest) and PRSUs target $666,667 tied to RTSR over 2025-2027.
- Remains Tier 3 participant in 2019 Key Employee Severance Benefit Plan.
- No family relationships or related party transactions disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000054/0001288847-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000054/fivn-20250310.htm
  HTML page:      https://secwatch.observer/filing/0001288847-25-000054

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