8-K
filed November 30, 2022, 6:59 PM ET
ticker EGHT
CIK 0001023731
leadership
confidence high
sentiment negative
materiality 0.75
8x8 terminates CEO David Sipes; appoints interim CEO and CFO; reaffirms guidance
8X8 INC /DE/
- CEO David Sipes terminated without cause effective Nov 30, 2022; CFO Samuel Wilson appointed interim CEO.
- Kevin Kraus, SVP Finance, appointed interim CFO; board to search for permanent CEO and CFO.
- CLO Matthew Zinn resigns effective Dec 9, 2022; Laurence Denny promoted to CLO and Corporate Secretary.
- Retention bonus of $350k awarded to Chief Product Officer Hunter Middleton.
- Company reaffirms fiscal Q3 and FY2023 guidance for service revenue, total revenue, and non-GAAP operating margin.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Zinn resigned as Chief Legal Officer and Corporate Secretary at 8X8 INC /DE/.
- Action
- resigned
- Role
- Chief Legal Officer and Corporate Secretary
Exact text from the filing
Matthew Zinn tendered his resignation as Chief Legal Officer ("CLO") and Corporate Secretary of the Company, effective as of December 9, 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Kraus was appointed as interim Chief Financial Officer at 8X8 INC /DE/.
- Action
- appointed
- Role
- interim Chief Financial Officer
Exact text from the filing
Kevin Kraus, the Company's Senior Vice President of Finance, as interim CFO
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Laurence Denny was appointed as Chief Legal Officer and Corporate Secretary at 8X8 INC /DE/.
- Action
- appointed
- Role
- Chief Legal Officer and Corporate Secretary
Exact text from the filing
Laurence Denny, Chief Compliance Officer, Deputy General Counsel and Assistant Corporate Secretary of the Company, would be appointed as CLO and Corporate Secretary of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Samuel Wilson was appointed as interim Chief Executive Officer at 8X8 INC /DE/.
- Action
- appointed
- Role
- interim Chief Executive Officer
Exact text from the filing
the Board appointed Samuel Wilson, the current Chief Financial Officer ("CFO") of the Company, as interim CEO
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Sipes was terminated as Chief Executive Officer at 8X8 INC /DE/.
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
the Company has terminated its employment relationship with David Sipes, the Company’s Chief Executive Officer ("CEO")
View on SEC.gov
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