other material
confidence high
sentiment neutral
materiality 0.45
Five9 amends cooperation pact with Anson; nominates Sagar Gupta for 2026 board election
Five9, Inc.
- Amendment dated Feb 17, 2026 extends standstill to 20 days before 2027 nomination deadline or 120 days before 2026 annual meeting anniversary.
- Company agrees to nominate existing director Sagar Gupta for election at the 2026 Annual Meeting.
- Anson permitted to acquire cash-settled total return swaps up to 9.9% economic exposure; prohibited from short-party TSRs.
- Five9 reimburses Anson up to $50,000 for documented out-of-pocket expenses related to the amendment.
- Original cooperation agreement (Dec 8, 2024) remains in effect as amended.