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Bandwidth (BAND) just unveiled an update.
Bandwidth Inc. has finalized a letter agreement with Anthony F. Bartolo regarding his resignation as Chief Operating Officer, resulting in the acceleration of his restricted stock units (RSUs) vesting and the forfeiture of the remaining units. Additionally, he will receive a lump sum based on the company’s stock price and a monthly healthcare stipend. Meanwhile, Devesh Agarwal has been appointed as the Interim COO with an annual salary and incentive package, severance terms, and equity arrangements detailed in a new Employment Agreement. Both agreements include repayment clauses upon non-compliance and will be officially filed in the company’s upcoming Quarterly Report.
See more data about BAND stock on TipRanks’ Stock Analysis page.
