8x8 makes Samuel Wilson permanent CEO; $500K salary, $2.475M RSU, PSU with 70-130% price hurdles

8X8 INC /DE/

Samuel Wilson appointed permanent CEO effective May 26, 2023, after serving as interim CEO since Nov 2022.
Base salary $500K, target cash bonus 100% of base, RSUs valued at $2.475M (3-year vest), PSUs tied to 70%/100%/130% stock price increases.
FY2024 LTI: 2/3 RSU, 1/3 PSU for NEOs; grants on or about June 15, 2023 under 2022 Equity Incentive Plan.
FY2024 semi-annual bonus plan metrics: Net New Monthly Recurring Revenue, Non-GAAP Operating Income, Service Revenue; payout 0-200% of target.
Wilson previously reduced GAAP net losses, led return to non-GAAP profitability, and oversaw Fuze acquisition as CFO.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Samuel Wilson

Chief Executive Officer

EGHT · 8X8 INC /DE/

Effective: 2023-05-26
Filed: May 31, 2023, 7:59 PM ET

On May 26, 2023, the Board appointed Mr. Wilson as Chief Executive Officer (" CEO ") of the Company and a member of the Company’s Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Samuel Wilson was appointed as Chief Executive Officer at 8X8 INC /DE/.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 26, 2023, the Board appointed Mr. Wilson as Chief Executive Officer (" CEO ") of the Company and a member of the Company’s Board.

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8X8 INC /DE/ filing history →

Source: SEC EDGAR

accession 0001023731-23-000069

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