secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001514416-25-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth appoints Devesh Agarwal as COO; base salary $400k, $1M RSU grant
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- Devesh Agarwal, formerly interim COO since July 2024, appointed permanent COO effective Jan 1, 2025.
- Annual base salary increased from $350k to $400k; target incentive raised from 50% to 75% of salary.
- Expected to receive ~$1M in RSUs on Feb 28, 2025, vesting over three years.
- Agarwal previously served as Chief Software Strategy Officer; led development of Universal Platform and Maestro.
- Press release cites his sales, go-to-market, and P&L leadership experience at Oracle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441625000002/0001514416-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441625000002/band-20250101.htm
  HTML page:      https://secwatch.observer/filing/0001514416-25-000002

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