Fastly appoints Todd Nightingale CEO; former CEO Bixby remains advisor through mid-2023

Fastly, Inc.

Todd Nightingale succeeded Joshua Bixby as President, CEO, and Board member, effective Sep 1, 2022.
Bixby remains as advisor to CEO through June 1, 2023 (extendable to Sep 1, 2023), with same salary and continued equity vesting.
Separation agreement provides Bixby 18 months base salary ($756k), 0.75x FY2022 target bonus, $40k health payment, and accelerated vesting.
Severance contingent upon signing release and completing transition; forfeited if terminated for cause or resignation without good reason.

item 5.02 item 9.01

Executive movements

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Appointed

Todd Nightingale

President and Chief Executive Officer

FSLY · Fastly, Inc.

Effective: 2022-09-01
Filed: September 6, 2022, 7:59 PM ET

at which time Todd Nightingale began serving as the Company’s President and Chief Executive Officer and a member of the Board

Departed

Joshua Bixby

President and Chief Executive Officer

FSLY · Fastly, Inc.

Effective: 2022-09-01
Successor: Todd Nightingale
Filed: September 6, 2022, 7:59 PM ET

Joshua Bixby’s service as the Company’s President and Chief Executive Officer and as a member of the Board of Directors (the “ Board ”) of Fastly, Inc. (the “ Company ”) terminated, effective as of September 1, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

at which time Todd Nightingale began serving as the Company’s President and Chief Executive Officer and a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joshua Bixby was terminated as President and Chief Executive Officer at Fastly, Inc..

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

Joshua Bixby’s service as the Company’s President and Chief Executive Officer and as a member of the Board of Directors (the “ Board ”) of Fastly, Inc. (the “ Company ”) terminated, effective as of September 1, 2022

View on SEC.gov

Fastly, Inc. filing history →

Source: SEC EDGAR

accession 0001517413-22-000138

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