8-K filed June 16, 2025, 7:59 PM ET ticker FSLY CIK 0001517413

leadership confidence high sentiment neutral materiality 0.70

Fastly appoints CPO Kip Compton as CEO; Todd Nightingale steps down June 16

Fastly, Inc.

CEO Todd Nightingale resigns effective June 16, 2025, to pursue external opportunity; serves as advisor through June 30.
Kip Compton, former Chief Product Officer (since Jan 2024), appointed CEO and Class I director effective June 16.
Compton receives $500K base salary, $5M equity award (min $9/share, 50% RSUs, 35% financial-metric PSUs, 15% TSR PSUs), and $500K target bonus.
Fastly reaffirms Q2 and full-year 2025 financial guidance issued May 7, 2025.
Nightingale's departure not due to any disagreement with company's operations, policies, or practices.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Kip Compton

Chief Executive Officer

FSLY · Fastly, Inc.

Effective: 2025-06-16
Filed: June 16, 2025, 7:59 PM ET

On June 14, 2025, the Company appointed Charles (“Kip”) Compton, the Company’s current Chief Product Officer, to serve as the Company’s Chief Executive Officer and as a Class I member of the Board with a term expiring at the Company’s 2026 annual meeting of stockholders, effective as of the Effective Date.

Departed

Todd Nightingale

Chief Executive Officer and President

FSLY · Fastly, Inc.

Effective: 2025-06-16
Successor: Kip Compton
Filed: June 16, 2025, 7:59 PM ET

On June 13, 2025, Todd Nightingale, Chief Executive Officer of Fastly, Inc. (the “Company”), notified the Company of his resignation as Chief Executive Officer and President to pursue another opportunity.

Appointed

Kip Compton

Class I Director

FSLY · Fastly, Inc.

Effective: 2025-06-16
Filed: June 16, 2025, 7:59 PM ET

as a Class I member of the Board with a term expiring at the Company’s 2026 annual meeting of stockholders, effective as of the Effective Date.

Departed

Todd Nightingale

Director

FSLY · Fastly, Inc.

Effective: 2025-06-16
Successor: Kip Compton
Filed: June 16, 2025, 7:59 PM ET

Mr. Nightingale has also resigned as a director on the Company’s board of directors (the “Board”) as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Kip Compton was appointed as Chief Executive Officer at Fastly, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On June 14, 2025, the Company appointed Charles (“Kip”) Compton, the Company’s current Chief Product Officer, to serve as the Company’s Chief Executive Officer and as a Class I member of the Board with a term expiring at the Company’s 2026 annual meeting of stockholders, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: resigned
Role: Chief Executive Officer and President

Exact text from the filing

On June 13, 2025, Todd Nightingale, Chief Executive Officer of Fastly, Inc. (the “Company”), notified the Company of his resignation as Chief Executive Officer and President to pursue another opportunity.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Kip Compton was appointed as Class I Director at Fastly, Inc..

Action: appointed
Role: Class I Director

Exact text from the filing

as a Class I member of the Board with a term expiring at the Company’s 2026 annual meeting of stockholders, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Todd Nightingale resigned as Director at Fastly, Inc..

Action: resigned
Role: Director

Exact text from the filing

Mr. Nightingale has also resigned as a director on the Company’s board of directors (the “Board”) as of the Effective Date.

View on SEC.gov

Fastly, Inc. filing history →

Source: SEC EDGAR

accession 0001517413-25-000178

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