secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001514416-22-000034
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth hires Anthony Bartolo as COO; RSU award of $3M, signing bonus $700k
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- Anthony Bartolo appointed COO effective Feb. 28, 2022; he previously led product at Avaya and Tata Communications.
- Annual base salary of $400,000 with target annual cash incentive of 75% of base salary (prorated for 2022).
- RSU grant valued at $3M vesting in four equal annual installments; one-time signing bonus of $700K subject to repayment if early departure.
- Severance upon qualifying termination: 100% base salary plus target bonus over 12 months; change-in-control severance at 150% each over 18 months.
- Post-employment non-competition and non-solicitation restriction for 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000034/0001514416-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000034/band-20220222.htm
  HTML page:      https://secwatch.observer/filing/0001514416-22-000034

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