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Michael Burkland

Chief Executive Officer at Five9
Board
Since November 28, 2022
Age
61 years
Education
Holds M.B.A. and B.A. degrees from the University of California, Berkeley.
Tenure
Joined FIVN in January 2008 as Chief Executive Officer, later served as President and Executive Chairman, and resumed the CEO role on November 28, 2022.

Also at Five9

AD
Andy Dignan
President
BZ
Barry Zwarenstein
Chief Financial Officer
PK
Panos Kozanian
Executive Vice President of Product Engineering

About

Michael Burkland, 61 years old, has played a pivotal role in shaping the strategic direction of FIVN since his initial appointment in January 2008. His journey at the company includes a tenure as Chief Executive Officer from January 2008 until December 2017, a period during which he also held the role of President and transitioned to serving as Executive Chairman.

Throughout his career at FIVN, he has demonstrated consistent leadership and strategic insight, ultimately returning to the CEO position on November 28, 2022. This move underscored his continued commitment to driving growth and innovation within the company.

In addition to his work at FIVN, his professional background includes a variety of leadership roles across the technology industry, where his experience has been instrumental to his success. His personal ties, including being the brother of a current executive at the company, further reflect his deep connection and long-standing contribution to the organization.

$FIVN Performance Under Michael Burkland

Past Roles

OrganizationRoleDate RangeDetails
Five9, Inc. Chairman Independent ContractorJune 2020 - November 2022 Role ended upon his reappointment as Chief Executive Officer
Five9, Inc. Executive ChairmanDecember 2017 - June 2020 N/A
Five9, Inc. PresidentJanuary 2012 - December 2017 N/A
Five9, Inc. Chief Executive Officer (First Term)January 2008 - December 2017 N/A
Vocera Communications, Inc. Board of Directors2016 - 2022 Previously served until company sale
Interim CEO Network Interim CEO2002 - 2007 Served venture-backed technology companies
Omniva Policy Systems Inc. Chief Executive Officer2000 - 2001 Implemented initial go-to-market strategy
Eventus Software, Inc. Chief Executive Officer1994 - 1998 Company later acquired by Segue Software, Inc. in 1998
Oracle Corporation, Patrol Software, BMC Software, Inc. Various PositionsN/A No specific roles or dates provided

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary $585,000 AnnualFixed base salary for 2023
RSU Awards $0 N/ANot granted due to CEO commencement in December 2022
Stock Option Awards $0 N/ANo stock option awards provided for 2023
Healthcare Benefits $42,108 AnnualCompany-paid healthcare premiums

Performance Compensation

Data from  FY 2023

Annual Bonus

Metric/DetailValue
Target Bonus $585,000 (100% of base salary)
Payment Schedule Semi-annual based on company financial performance per period
Performance Metrics Based solely on Company financial performance with Revenue (75%) and Adjusted EBITDA (25%) weightings
Actual Reported Bonus $610,211 (Non-Equity Incentive Plan Compensation)

PRSU Awards

Metric/DetailValue
Performance Metric Relative Total Shareholder Return (RTSR) versus the S&P Software and Services Select Index
Evaluation Period Three one-year periods: 2023, 2024, and 2025
Threshold Payout 50% payout at the 25th TSR percentile
Target Payout 100% payout at the 55th TSR percentile
Maximum Payout 200% payout at the 90th TSR percentile or greater
Negative TSR Condition Capped at 100% of the target if absolute TSR is negative
Vesting Schedule One-third vesting after each one-year performance period, contingent on continued employment
Grant Date December 3, 2022
Grant Date Fair Value $14.0 million target dollar value
Grant Date Stock Price Not provided
Number of PRSUs Determined by the grant date fair value divided by the stock price; exact number not provided