---
schema_version: "secwatch.filing_event.v1"
accession: "0001514416-21-000246"
form_type: "8-K"
ticker: "BAND"
cik: "0001514416"
company_name: "Bandwidth Inc."
filed_at: "2021-08-25T23:59:59+00:00"
generated_at: "2026-06-29T07:51:15.329479+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Bandwidth finalizes severance agreement with outgoing CFO Jeffrey Hoffman

## Summary
- 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).

## SEC filing metadata
- accession: 0001514416-21-000246
- form_type: 8-K
- ticker: BAND
- cik: 0001514416
- company_name: Bandwidth Inc.
- filed_at: 2021-08-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514416/000151441621000246/0001514416-21-000246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514416/000151441621000246/band-20210819.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514416-21-000246
- JSON: https://secwatch.observer/filing/0001514416-21-000246.json
- Plain text: https://secwatch.observer/filing/0001514416-21-000246.txt

## Key facts
- Executive change
  Daryl Raiford was appointed as Chief Financial Officer at Bandwidth Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Daryl Raiford, who was appointed the Company’s Chief Financial Officer effective August 13, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441621000246/0001514416-21-000246-index.htm
- Executive change
  Jeffrey A. Hoffman resigned as Chief Financial Officer at Bandwidth Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441621000246/0001514416-21-000246-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.