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

Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001023731-23-000069
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000069/0001023731-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000069/eght-20230526.htm
  HTML page:      https://secwatch.observer/filing/0001023731-23-000069

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