secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001023731-24-000043
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

8x8 appoints Andrew Burton (Rapid7 COO) to board as independent director
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- Andrew Burton appointed to 8x8 Board effective June 17, 2024; term expires at 2024 Annual Meeting.
- Burton receives pro-rated annual retainer of $40,000, $100K initial RSU vesting over 2 years, and $175K RSU vesting at 2024 Annual Meeting.
- Board determined Burton is independent despite $150K in vendor payments to Rapid7 in fiscal 2025 (no payments in fiscal 2024).
- Burton is President and COO of Rapid7 (NASDAQ: RPD); board now has seven members.
- Compensation follows standard non-employee director policy; indemnification agreement to be entered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373124000043/0001023731-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373124000043/eght-20240617.htm
  HTML page:      https://secwatch.observer/filing/0001023731-24-000043

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