Bandwidth enters severance agreement with outgoing President Marina Carreker

Bandwidth Inc.

Marina Carreker resigns as President, stays through Dec 31; receives $276,700 cash severance over 12 months.
Additional $138,350 representing annual target bonus, payable over 12 months.
Monthly healthcare stipend of $2,177.55 and $1,017.86 for life insurance premiums, both for 12 months.
1,245 RSUs vesting Jan 2, 2023 accelerate to Dec 31, 2022; other RSUs continue vesting through Dec 31.
Eligible for additional 2022 performance bonus in Feb 2023 if Compensation Committee approves.

item 5.02

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Departed

Marina C. Carreker

President

BAND · Bandwidth Inc.

Effective: 2022-12-31
Filed: November 21, 2022, 6:59 PM ET

On November 17, 2022, Bandwidth Inc., a Delaware corporation (the “Company”), entered into a letter agreement (the “Carreker Letter Agreement”) with Marina C. Carreker, the Company’s outgoing President, in connection with her resignation.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Marina C. Carreker resigned as President at Bandwidth Inc..

Action: resigned
Role: President

Exact text from the filing

On November 17, 2022, Bandwidth Inc., a Delaware corporation (the “Company”), entered into a letter agreement (the “Carreker Letter Agreement”) with Marina C. Carreker, the Company’s outgoing President, in connection with her resignation.

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Bandwidth Inc. filing history →

Source: SEC EDGAR

accession 0001514416-22-000213

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