secwatch.observer — SEC 8-K summary
======================================

Issuer:     Klaviyo, Inc. (KVYO)
CIK:        0001835830
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001835830-25-000116
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Klaviyo appoints Chano Fernández as co-CEO effective Jan 1, 2026; split roles with co-founder Bialecki
--------------------------------------------------------------------------------

- Chano Fernández appointed co-CEO alongside co-founder Andrew Bialecki, effective Jan 1, 2026.
- Bialecki to focus on AI vision and product development; Fernández to lead GTM, ops, and G&A.
- Base salary CHF 800k, target bonus CHF 400k; RSU $33M (12-quarter vest), PSU $36M with price targets $40/$55/$70/$85.
- Bylaws amended to allow up to two CEOs; effective upon appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835830/000183583025000116/0001835830-25-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835830/000183583025000116/kvyo-20251208.htm
  HTML page:      https://secwatch.observer/filing/0001835830-25-000116

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