tiprankstipranks
Bandwidth Inc Enhances CEO’s Severance Terms in Employment Agreement
Company Announcements

Bandwidth Inc Enhances CEO’s Severance Terms in Employment Agreement

Don't Miss our Black Friday Offers:

Bandwidth Inc (BAND) just unveiled an announcement.

The Company has updated its employment agreement with CEO David Morken, enhancing severance terms. Should Morken be terminated without cause or resign with good reason, he’s entitled to 18 months of life insurance premiums. In case of a company control change, he could receive 300% of his previous year’s salary and bonus, a 36-month healthcare stipend, and life insurance premiums for the same period. Additionally, certain IPO and liquidity event bonuses have been removed from the agreement.

For a thorough assessment of BAND stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyBandwidth price target raised to $22 from $19 at Baird
TipRanks Auto-Generated NewsdeskBandwidth’s Strong Q3 Performance Boosts 2024 Outlook
TheFlyBandwidth reports Q3 EPS 43c, consensus 32c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App