Company: FSLY
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001517413-25-000178
Chunk: 0

Company: Fastly, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Chief Executive Officer

On June 13, 2025, Todd Nightingale, Chief Executive Officer of Fastly, Inc. (the “ Company”), notified the Company of his resignation as Chief Executive Officer and President to pursue another opportunity. The date of Mr. Nightingale’s resignation as Chief Executive Officer and President is June 16, 2025 (the “ Effective Date”). Mr. Nightingale will serve as an advisor to the Company until June 30, 2025. Mr. Nightingale has also resigned as a director on the Company’s board of directors (the “ Board”) as of the Effective Date. Mr. Nightingale’s resignation is not due to any disagreement with the Company or any matter relating to the Company’s operations, policies or practices.

Appointment of Chief Executive Officer

On June 14, 2025, the Company appointed Charles (“ Kip”) Compton, the Company’s current Chief Product Officer, to serve as the Company’s Chief Executive Officer and as a Class I member of the Board with a term expiring at the Company’s 2026 annual meeting of stockholders, effective as of the Effective Date.

Mr. Compton, age 53, joined Fastly in January 2024 as Chief Product Officer. Prior to joining Fastly, Mr. Compton served as the Senior Vice President of Strategy & Business Development of the Cisco Networking business from 2020 to August 2023, where he led teams responsible for strategy, portfolio management, investments and acquisitions. Prior to that, he held various roles at Cisco since January 2006. Mr. Compton brings more than 25 years of senior leadership experience driving innovation in cloud, video, Internet of Things (IoT) and networking. He has a long and proven track record of growing teams and businesses, including creating partnerships and investments to drive growth and open new markets. Mr. Compton holds both a Bachelor of Science degree in Computer Science and Engineering and a Master’s degree in Electrical Engineering and Computer Science from Massachusetts Institute of Technology and an MBA from The Wharton School of the University of Pennsylvania.

In connection with his appointment, on June 13, 2025, Mr. Compton entered into a letter agreement with the Company (the “ Offer Letter”), providing for an annual base salary of $500,000 and an