secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001433195-24-000145
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Former CFO Fay Sien Goon separation finalized; $450K severance plus prorated bonus
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- Fay Sien Goon's employment terminated Oct 25, 2024; separation agreement dated Nov 8, 2024, effective Nov 16, 2024.
- Goon receives $450,000 lump sum (12 months base salary) and $367,397 prorated 2024 bonus.
- Company pays COBRA premiums for Goon and dependents up to 12 months; executive medical reimbursement extended to Mar 31, 2025.
- Outstanding unvested RSUs/PRSUs treated per Equity Award Treatment in Goon's employment agreement.
- Separation benefits conditioned on release of claims and continued compliance with restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000145/0001433195-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000145/appf-20241116.htm
  HTML page:      https://secwatch.observer/filing/0001433195-24-000145

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