secwatch.observer — SEC 8-K summary
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Issuer:     Zoom Communications, Inc. (ZM)
CIK:        0001585521
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-229587
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoom appoints Michelle Chang as CFO, effective October 7, 2024
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- Michelle Chang, former CFO at Microsoft's Commercial Sales and Partner Organization, succeeds Kelly Steckelberg.
- Steckelberg will serve as CFO until October 7, then transition to an advisory role.
- Chang receives $580,000 base salary, 90% target bonus, and $23.6M RSU grant with four-year vesting.
- RSU grant vests 25% year one, then quarterly 6.25% thereafter; subject to continued employment.
- Chang is eligible for severance benefits under Zoom's Severance and Change in Control Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585521/000119312524229587/0001193125-24-229587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585521/000119312524229587/d877887d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-229587

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