secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2021-08-25T23:59:59+00:00
Accession:  0001514416-21-000246
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth finalizes severance agreement with outgoing CFO Jeffrey Hoffman
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441621000246/0001514416-21-000246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441621000246/band-20210819.htm
  HTML page:      https://secwatch.observer/filing/0001514416-21-000246

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