secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0001517413-22-000138
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000138/0001517413-22-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000138/fsly-20220906.htm
  HTML page:      https://secwatch.observer/filing/0001517413-22-000138

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