Five9, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Five9, Inc. on May 12, 2016, covering events occurring on May 8, 2016, and May 12, 2016. The filing addresses corporate governance changes regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance events and contains no financial performance data.
Material Changes
- Director Resignation: Mitchell Kertzman, a Class I Director, resigned from the Board of Directors. The resignation is effective as of the Company's Annual Meeting of Stockholders held on May 18, 2016.
- Board Size Reduction: On May 12, 2016, the Board voted to reduce the number of directors from nine to eight, effective upon Mr. Kertzman's resignation.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to the announcement of the director's departure and the subsequent adjustment to the Board size.
Key Facts for Investor Verification
- Confirm the effective date of Mitchell Kertzman's resignation (May 18, 2016).
- Verify the new total number of directors on the Board (eight).
- Check for any subsequent filings regarding the appointment of a replacement director.