secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001514416-22-000213
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth enters severance agreement with outgoing President Marina Carreker
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000213/0001514416-22-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441622000213/band-20221117.htm
  HTML page:      https://secwatch.observer/filing/0001514416-22-000213

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