secwatch.observer — SEC 8-K summary
======================================

Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001288847-25-000242
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five9 appoints Amit Mathradas as CEO effective Feb 2, 2026; Michael Burkland steps down
--------------------------------------------------------------------------------

- Amit Mathradas to become CEO and Class III director on Feb 2, 2026; Michael Burkland ceases as CEO on that date.
- Mathradas previously CEO of Nintex USA (workflow automation) since March 2023.
- Base salary of $600,000, target annual bonus of 100% of salary, $550,000 sign-on bonus.
- Equity awards: $12.5M RSU (time-vesting) and $14.0M target PRSU (performance-based, relative TSR vs S&P Software index).
- Mathradas also receives corporate housing, auto, and travel reimbursement during an 18-month transition period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000242/0001288847-25-000242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000128884725000242/fivn-20251215.htm
  HTML page:      https://secwatch.observer/filing/0001288847-25-000242

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