---
schema_version: "secwatch.filing_event.v1"
accession: "0001023731-22-000231"
form_type: "8-K"
ticker: "EGHT"
cik: "0001023731"
company_name: "8X8 INC /DE/"
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T07:56:14.400073+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CEO David Sipes resigns as director; separation provides $363,300 lump sum, equity acceleration

## Summary
- David Sipes resigned as director effective Nov 30, 2022; employment terminated same day as constructive termination.
- Lump sum severance of $363,300 comprising 50% base salary ($273,000) and prorated bonus ($90,300).
- COBRA premium reimbursement for 18 months; vesting accelerated by 24 months on time-based equity awards.
- Additional full acceleration of unvested equity if change-in-control occurs within 3 months after termination.
- Employee agrees to cooperate with company in winding up work and defending third-party actions.

## SEC filing metadata
- accession: 0001023731-22-000231
- form_type: 8-K
- ticker: EGHT
- cik: 0001023731
- company_name: 8X8 INC /DE/
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023731/000102373122000231/0001023731-22-000231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023731/000102373122000231/eght-20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023731-22-000231
- JSON: https://secwatch.observer/filing/0001023731-22-000231.json
- Plain text: https://secwatch.observer/filing/0001023731-22-000231.txt

## Key facts
- Executive change
  David Sipes resigned as Director at 8X8 INC /DE/.
  - Action: resigned
  - Role: Director
  source text: On December 1, 2022, in connection with the previously announced termination by 8x8, Inc. (the “Company”) of its employment relationship with David Sipes, the Company’s prior Chief Executive Officer, Mr. Sipes resigned as a director of the Company effective as of 12:01 a.m. Pacific Time on November 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023731/000102373122000231/0001023731-22-000231-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.