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Anand Eswaran joins F5 (NASDAQ: FFIV) board, boosting tech expertise

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

F5, Inc. has appointed Anand Eswaran to its board of directors, expanding the board to nine members, eight of whom are independent. His appointment became effective April 24, 2026, and he will serve on the Audit and Talent and Compensation Committees.

As a non-employee director, Mr. Eswaran will receive an annual cash retainer of $60,000, plus $20,000 and $12,500 for his Audit and Talent and Compensation Committee roles. He will also receive a restricted stock unit grant effective May 1, 2026, with an annual grant value of $275,000 under the F5, Inc. 2026 Incentive Award Plan.

Mr. Eswaran is currently Chief Executive Officer of Veeam Software and has more than 25 years of experience in leadership roles at major software and technology companies, which F5 highlights as valuable as it focuses on delivering innovations for an AI-driven future.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Board cash retainer $60,000 annual retainer Non-employee director cash compensation
Audit Committee fee $20,000 annual payment Additional cash for Audit Committee membership
Talent and Compensation fee $12,500 annual payment Additional cash for Talent and Compensation Committee
RSU grant value $275,000 annual grant value Restricted stock unit award effective May 1, 2026
Board size after appointment 9 directors Total F5 board members following Eswaran’s addition
Independent directors 8 independent members Number of independent directors on F5’s nine-member board
Industry experience More than 25 years Eswaran’s experience transforming technology companies
Tenure as Veeam CEO Over 4 years Duration of Eswaran’s role as Chief Executive Officer at Veeam
restricted stock unit financial
"the Board approved a restricted stock unit grant to Mr. Eswaran, effective May 1, 2026"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
F5, Inc. 2026 Incentive Award Plan financial
"under the F5, Inc. 2026 Incentive Award Plan, with an annual grant value of $275,000"
Audit Committee regulatory
"will serve as a member of the Board’s Audit and Talent and Compensation Committees"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Talent and Compensation Committee regulatory
"will serve as a member of the Board’s Audit and Talent and Compensation Committees"
independent regulatory
"With this appointment, F5’s board expands to 9 members, 8 of whom are independent"
Non-Employee Director Program financial
"customary compensation arrangements for the Company’s non-employee directors as set forth in the F5, Inc. Non-Employee Director Program"
Understanding 8-K Material Events →
0001048695false00010486952026-04-242026-04-24

 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):
April 24, 2026
F5, Inc.
(Exact name of registrant as specified in its charter)
Washington000-2604191-1714307
(State or other jurisdiction(Commission(IRS Employer
of incorporation)File Number)Identification No.)
801 5th Avenue
Seattle,WA98104
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code (206) 272-5555
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, no par valueFFIVNASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 24, 2026, the Board of Directors (the “Board”) of F5, Inc. (the “Company”) appointed Mr. Anand Eswaran as a director. Mr. Eswaran will serve as a member of the Board’s Audit and Talent and Compensation Committees.
In connection with his services as a director, Mr. Eswaran will be entitled to the customary compensation arrangements for the Company’s non-employee directors as set forth in the F5, Inc. Non-Employee Director Program (as well as entering into the Company’s standard indemnification agreement for directors and officers): an annual retainer in the amount of $60,000 and an annual payment of $20,000 and $12,500 as a member of the Audit and Talent and Compensation Committees, respectively. Also as set forth in the F5, Inc, Non-Employee Director Program, the Board approved a restricted stock unit grant to Mr. Eswaran, effective May 1, 2026, under the F5, Inc. 2026 Incentive Award Plan, with an annual grant value of $275,000.

Item 8.01Other Events
On April 28, 2026, the Company issued a press release announcing the election to the Board of Mr. Eswaran. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits
(d) Exhibits:
99.1
Press Release of F5, Inc. dated April 28, 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
F5, INC.
 (Registrant)
  
Date: April 28, 2026By:/s/ Angelique M. Okeke
Angelique M. Okeke
Executive Vice President and General Counsel


Contacts
MediaInvestors
Rob Gruening
Suzanne DuLong
(206) 272-6208(206) 272-7049
r.gruening@f5.coms.dulong@f5.com


F5 Adds Anand Eswaran to its Board of Directors


SEATTLE - April 28, 2026 - F5, Inc. (NASDAQ: FFIV), the global leader in delivering and securing every app and API, today announced the appointment of Anand Eswaran to its board of directors. Eswaran’s executive-level experience at innovative software companies makes him a valuable addition to F5’s board. Mr. Eswaran joined F5’s board effective April 24, 2026 and will serve as a member of the board’s Audit and Talent and Compensation Committees.
“Anand brings deep technology leadership to the F5 board and a strong track record of driving growth and innovation,” said François Locoh-Donou, F5’s Chairman, President, and CEO. “His expertise in navigating today’s complex, rapidly evolving digital landscape while also helping technology companies scale successfully make him a valuable addition to the F5 team. Anand’s experience will be instrumental as F5 continues delivering the innovations customers need for an AI-driven future.”
Mr. Eswaran currently serves as Chief Executive Officer at Veeam Software, where he is spearheading Veeam’s commitment to helping customers to accelerate AI at scale through data security, data governance, and data resilience. He is a seasoned technology executive whose career spans leadership roles at leading software and AI-first businesses. He brings more than 25 years of experience in transforming technology companies into high growth industry leaders with robust profitability.
With this appointment, F5’s board expands to 9 members, 8 of whom are independent.
Anand Eswaran Background
Mr. Eswaran currently serves as Chief Executive Officer at Veeam Software, a position he has held for over 4 years. Prior to Veeam, Mr. Eswaran most recently served as President and Chief Operating Officer at RingCentral. He has held leadership roles of progressive responsibility across Microsoft, SAP, and Hewlett-Packard. He also served as a founding advisory board member for the Technology Services Industry Association. Mr. Eswaran earned a Bachelor of Engineering degree in Computer Engineering from University of Mumbai, and a Master of Science degree in Computer Science from University of Missouri at Columbia.
About F5
F5, Inc. (NASDAQ: FFIV) is the global leader that delivers and secures every app. Backed by three decades of expertise, F5 has built the industry’s premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments. F5 is committed to innovating and partnering with the world’s largest and most advanced organizations to deliver fast, available, and secure digital experiences. Together, we help each other thrive and bring a better digital world to life.
For more information visit f5.com
Explore F5 Labs threat research at f5.com/labs
Follow to learn more about F5, our partners, and technologies: Blog | LinkedIn | X | YouTube | Instagram | Facebook
F5 is a trademark, service mark, or tradename of F5, Inc., in the U.S. and other countries.
# # #
SOURCE: F5, Inc.

Source: View Original Filing on SEC EDGAR

FAQ

What board change did F5 (FFIV) announce in this 8-K filing?

F5, Inc. appointed Anand Eswaran to its board of directors, effective April 24, 2026. He will serve on the Audit and Talent and Compensation Committees, bringing executive experience from leading software and AI-focused companies, including his current role as CEO of Veeam Software.

How is new F5 director Anand Eswaran compensated for board service?

As a non-employee director, Anand Eswaran receives a $60,000 annual cash retainer. He also earns $20,000 annually for Audit Committee service, $12,500 for Talent and Compensation Committee service, plus a restricted stock unit grant with a $275,000 annual grant value under F5’s 2026 Incentive Award Plan.

What equity award will Anand Eswaran receive from F5 (FFIV)?

F5’s board approved a restricted stock unit grant to Anand Eswaran with an annual grant value of $275,000. The award is effective May 1, 2026 and is issued under the F5, Inc. 2026 Incentive Award Plan as part of its standard non-employee director compensation program.

How does Anand Eswaran’s appointment change the size and independence of F5’s board?

With Anand Eswaran’s appointment, F5’s board expands to nine members, eight of whom are independent. This addition increases the number of directors while maintaining a predominantly independent board structure, which is a common governance focus for publicly traded companies like F5, Inc.

What is Anand Eswaran’s professional background relevant to F5’s board?

Anand Eswaran is Chief Executive Officer at Veeam Software and previously served as President and Chief Operating Officer at RingCentral. He has held leadership roles at Microsoft, SAP, and Hewlett-Packard, bringing more than 25 years of experience transforming technology companies into high-growth, profitable industry leaders.

When did F5 publicly announce Anand Eswaran’s election to its board?

F5 issued a press release on April 28, 2026 announcing Anand Eswaran’s election to its board of directors. The company furnished this press release as Exhibit 99.1, incorporating it by reference to provide additional detail about his background and the board’s expectations.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents