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 5.02item 7.01item 9.01

Executive movements

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Appointed

Kip Compton

Chief Executive Officer

FSLY · Fastly, Inc.

Effective: 2025-06-16
Filed: Jun 16, 2025 23:59 UTC

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: Jun 16, 2025 23:59 UTC

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: Jun 16, 2025 23:59 UTC

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: Jun 16, 2025 23:59 UTC

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

Source: SEC EDGAR

accession 0001517413-25-000178

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