secwatch.observer — SEC 8-K summary
======================================

Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001023731-22-000120
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

8x8 adopts FY2023 executive bonus plan with targets of 55-100% of base salary
-----------------------------------------------------------------------------

- Board approved executive bonus plan for fiscal year ending March 2023.
- CEO David Sipes target bonus 100% of base; CFO Samuel Wilson 65%; other NEOs 55%.
- Payouts range 0-200% of semi-annual target, based on company financial performance and individual goals.
- First-half performance metrics are revenue-based; second-half targets to be determined later.
- Minimum Non-GAAP Operating Income less Stock-in-Lieu threshold must be met for any payout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373122000120/0001023731-22-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373122000120/fy23execbonusplan8-k.htm
  HTML page:      https://secwatch.observer/filing/0001023731-22-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer