secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2022-01-18T23:59:59+00:00
Accession:  0001514416-22-000029
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth appoints CPO Bottorff to board; CMO Allen departs with $305K severance
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- Rebecca Bottorff appointed to board as Class III director effective Jan 11, 2022; board expands to six.
- Bottorff remains Chief People Officer; no additional director compensation.
- CMO Noreen Allen resigned effective Jan 14, 2022; receives $305,146 cash severance over 12 months.
- Allen also gets 2021 MBO bonus (if any) and healthcare stipend of $568.35/month for 12 months.
- 3,463 restricted stock units scheduled to vest Feb 21, 2022 accelerated to vest Jan 14, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000029/0001514416-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000029/band-20220111.htm
  HTML page:      https://secwatch.observer/filing/0001514416-22-000029

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