secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001517413-22-000115
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000115/0001517413-22-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000115/fsly-20220801.htm
  HTML page:      https://secwatch.observer/filing/0001517413-22-000115

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