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  4. [8-K] Five9, Inc. Reports Material Event

Five9 (NASDAQ: FIVN) details EVP transition and CTO timeline

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

Rhea-AI Filing Summary

Five9, Inc. reports that it has agreed with Panos Kozanian, its Executive Vice President of Product Engineering, to begin a transition of his responsibilities effective June 29, 2026. He is expected to continue serving as Executive Vice President of Product Engineering through at least September 4, 2026, reporting to a new Chief Technology Officer, who is planned to be announced by the end of the second quarter of 2026. Kozanian will remain eligible for benefits under the Company’s Key Employee Severance Plan as a Tier 3 participant, unless he is terminated for cause, and this eligibility is conditioned on his execution of the Company’s standard release.

Positive

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Negative

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Insights

Five9 discloses a planned transition of its product engineering leadership with defined timelines and severance eligibility.

The company and Executive Vice President of Product Engineering Panos Kozanian have agreed to a phased transition starting on June 29, 2026, with him remaining in the role through at least September 4, 2026. During this period he will report to a new Chief Technology Officer to be announced by the end of the second quarter of 2026.

This structure suggests continuity in product engineering leadership while the new CTO is onboarded. Kozanian’s continued eligibility under the Key Employee Severance Plan as a Tier 3 participant, absent termination for cause and subject to a standard release, clarifies his protection if his role ultimately ends as part of this transition.

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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Transition start date June 29, 2026 Effective date to begin transitioning EVP responsibilities
Expected EVP tenure through September 4, 2026 Date through which Kozanian is expected to remain EVP
CTO announcement timing End of second quarter 2026 Target timing to announce new Chief Technology Officer
Severance plan tier Tier 3 Participation level in Key Employee Severance Plan
Key Employee Severance Plan financial
"Mr. Kozanian will continue to be eligible to receive benefits under the Company’s Key Employee Severance Plan as a Tier 3 participant"
Tier 3 participant financial
"eligible to receive benefits under the Company’s Key Employee Severance Plan as a Tier 3 participant unless he is terminated"
Emerging Growth Company regulatory
"Indicated by check mark 405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Inline XBRL technical
"Exhibit No. | | Description 104 | The cover page from this on , formatted in Inline XBRL."
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

What leadership change did Five9 (FIVN) disclose in this 8-K?
Five9 disclosed a planned transition for Executive Vice President of Product Engineering Panos Kozanian. His responsibilities begin transitioning on June 29, 2026, though he is expected to remain in the EVP role through at least September 4, 2026 while reporting to a new Chief Technology Officer.

How long will Panos Kozanian remain Executive Vice President at Five9 (FIVN)?
Five9 expects Panos Kozanian to continue as Executive Vice President of Product Engineering through at least September 4, 2026. During this time, he will help transition responsibilities and report to a new Chief Technology Officer the company plans to announce by the end of second quarter 2026.

When will Five9 (FIVN) name its new Chief Technology Officer?
Five9 states that its new Chief Technology Officer will be announced by the end of the second quarter of 2026. Once in place, this CTO will oversee product engineering, with Executive Vice President Panos Kozanian reporting to the CTO during the defined transition period.

What severance protections does Panos Kozanian have at Five9 (FIVN)?
The filing notes that Panos Kozanian remains eligible for benefits under Five9’s Key Employee Severance Plan as a Tier 3 participant. This eligibility continues unless he is terminated for cause and is conditioned on his signing the company’s standard release agreement in connection with any severance benefits.

Does the Five9 (FIVN) filing indicate an immediate departure of the EVP?
The filing does not indicate an immediate departure. Instead, it describes a transition beginning June 29, 2026, with Panos Kozanian expected to remain Executive Vice President of Product Engineering through at least September 4, 2026 while reporting to the future Chief Technology Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →
0001288847false00012888472026-06-152026-06-15

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): June 15, 2026
FIVE9, INC.
(Exact name of Registrant as specified in its charter)
 
Delaware001-3638394-3394123
(State or other jurisdiction
of incorporation)
(Commission File No.)
(I.R.S. Employer
Identification No.)
3001 Bishop Drive, Suite 350
San Ramon, CA 94583
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (925) 201-2000
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, par value $0.001 per shareFIVNThe NASDAQ Global Market
Indicated 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Executive Vice President
Five9, Inc. (the “Company”) and Panos Kozanian, Executive Vice President of Product Engineering of the Company, have mutually agreed to begin a transition with respect to Mr. Kozanian’s responsibilities, effective June 29, 2026. Mr. Kozanian is expected to continue to serve as the Company’s Executive Vice President of Product Engineering through at least September 4, 2026, reporting to the Company’s new Chief Technology Officer, who will be announced by the end of second quarter 2026.

Mr. Kozanian will continue to be eligible to receive benefits under the Company’s Key Employee Severance Plan as a Tier 3 participant unless he is terminated by the Company for cause, subject to execution of the Company’s standard release.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
 
Exhibit No.  Description
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.



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.
 
   FIVE9, INC.
Date: June 22, 2026   By: /s/ Bryan Lee
    Bryan Lee
    
Chief Financial Officer



Source: View Original Filing on SEC EDGAR

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