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AI brief of an SEC Form 8-K · Five9 (FIVN)

Five9 names Amit Mathradas CEO effective February 2, 2026, replacing Michael Burkland

Neutral Impact 4 of 5 leadership Written later

Five9 said its board appointed Amit Mathradas as chief executive officer and Class III director, effective February 2, 2026, and Michael Burkland will stop serving as CEO on that date. Burkland will remain on the board under his July 31, 2025 employment transition agreement. The filing sets out Mathradas' pay package, including a $600,000 base salary, a $12.5 million RSU award and a $14.0 million target PRSU award, which matters to shareholders as the terms of a CEO change.

Key points

  • Amit Mathradas becomes CEO and a Class III director effective February 2, 2026, with his term expiring at the 2026 annual meeting
  • Michael Burkland stops serving as CEO on the effective date and continues on the board under his July 31, 2025 transition agreement
  • Offer letter dated December 15, 2025 provides a $600,000 base salary, a target bonus of 100% of base salary, and a $550,000 sign-on bonus
  • Equity grants include a $12.5 million RSU award and a $14.0 million target PRSU award tied to relative total stockholder return

The filing

CompanyFive9 (FIVN)
Form8-K, current report
Filed with the SECDec 17, 2025, 8:33 AM ET
Accession number0001288847-25-000242

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 17, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.