Bandwidth finalizes severance agreement with outgoing CFO Jeffrey Hoffman

Bandwidth Inc.

Hoffman to receive $392,652 cash over 12 months plus $170,149 (2/3 of 2021 bonus) by Sep 15, 2021.
Monthly healthcare stipend of $2,067.45 for 12 months.
RSUs vesting in Sep 2021 (527), Nov 2021 (119), Feb 2022 (4,997) fully vest on Aug 31, 2021.
Hoffman stays through Aug 31 to transition to new CFO Daryl Raiford (appointed Aug 13, 2021).

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Daryl Raiford

Chief Financial Officer

BAND · Bandwidth Inc.

Effective: 2021-08-13
Filed: August 25, 2021, 7:59 PM ET

Daryl Raiford, who was appointed the Company’s Chief Financial Officer effective August 13, 2021.

Departed

Jeffrey A. Hoffman

Chief Financial Officer

BAND · Bandwidth Inc.

Effective: 2021-08-31
Successor: Daryl Raiford
Filed: August 25, 2021, 7:59 PM ET

On August 19, 2021, Bandwidth Inc., a Delaware corporation (the “Company”), entered into a letter agreement (the “Hoffman Letter Agreement”) with Jeffrey A. Hoffman, the Company’s outgoing Chief Financial Officer, in connection with his resignation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daryl Raiford was appointed as Chief Financial Officer at Bandwidth Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Daryl Raiford, who was appointed the Company’s Chief Financial Officer effective August 13, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey A. Hoffman resigned as Chief Financial Officer at Bandwidth Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On August 19, 2021, Bandwidth Inc., a Delaware corporation (the “Company”), entered into a letter agreement (the “Hoffman Letter Agreement”) with Jeffrey A. Hoffman, the Company’s outgoing Chief Financial Officer, in connection with his resignation.

View on SEC.gov

Bandwidth Inc. filing history →

Source: SEC EDGAR

accession 0001514416-21-000246

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