Fastly appoints Todd Nightingale as CEO, effective Sept 1, replacing Joshua Bixby

Fastly, Inc.

Todd Nightingale, former Cisco EVP, appointed CEO and Class I director, effective Sept 1, 2022.
Compensation: $600K base, $30M RSUs (half time-based 4yr, half performance-based 5yr), $1M signing bonus (repayable if termination within 12 months).
Outgoing CEO Joshua Bixby remains as CEO until Sept 1, then becomes advisor; resignation not due to disagreement.
Search process culminated in Nightingale; he led Cisco's multi-billion dollar networking portfolio as EVP.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Todd Nightingale

Chief Executive Officer

FSLY · Fastly, Inc.

Effective: 2022-09-01
Filed: August 3, 2022, 7:59 PM ET

On August 3, 2022, the Company announced that Todd Nightingale, age 43, had been appointed to serve as the Company’s Chief Executive Officer and as a member of the Board.

Departed

Joshua Bixby

Chief Executive Officer

FSLY · Fastly, Inc.

Effective: 2022-09-01
Successor: Todd Nightingale
Filed: August 3, 2022, 7:59 PM ET

Joshua Bixby notified the Board of Directors (the “Board”) of Fastly, Inc. (the “Company”) on April 29, 2022 of his decision to resign as the Company’s Chief Executive Officer and as a member of the Board, effective as of the date of his successor’s appointment.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Nightingale was appointed as Chief Executive Officer at Fastly, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On August 3, 2022, the Company announced that Todd Nightingale, age 43, had been appointed to serve as the Company’s Chief Executive Officer and as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joshua Bixby resigned as Chief Executive Officer at Fastly, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Joshua Bixby notified the Board of Directors (the “Board”) of Fastly, Inc. (the “Company”) on April 29, 2022 of his decision to resign as the Company’s Chief Executive Officer and as a member of the Board, effective as of the date of his successor’s appointment.

View on SEC.gov

Fastly, Inc. filing history →

Source: SEC EDGAR

accession 0001517413-22-000115

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