RingCentral appoints Tarek Robbiati as CEO; Shmunis becomes Executive Chairman

RingCentral, Inc.

Tarek Robbiati becomes CEO effective Aug 28, 2023; founder Vladimir Shmunis becomes Executive Chairman.
Robbiati gets $850K base salary, 100% MBO bonus, $8M time-based RSUs and $8M performance-based RSUs.
Additional buyout equity: $9M time-based RSUs and $9M performance-based RSUs for forfeited prior awards.
Sign-on bonus of $3M ($1M within 30 days, $2M by Mar 2024) with clawback if terminated for cause within 2 years.
Severance: 18 months salary + 150% target bonus + full equity acceleration on CIC termination; 12 months salary + 1 year vesting otherwise.

item 5.02 item 9.01

Executive movements

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Appointed

Tarek Robbiati

Chief Executive Officer

RNG · RingCentral, Inc.

Effective: 2023-08-28
Filed: August 8, 2023, 7:59 PM ET

On August 7, 2023, RingCentral, Inc. (the “Company”) announced that the Company has appointed Tarek Robbiati, a member of the Company’s board of directors (the “Board”), to succeed Vladimir Shmunis as the Company’s Chief Executive Officer effective August 28, 2023 (the “Effective Date”).

Role change

Vladimir Shmunis

Executive Chairman of the Board

RNG · RingCentral, Inc.

Effective: 2023-08-28
Filed: August 8, 2023, 7:59 PM ET

the Company has appointed Mr. Shmunis as Executive Chairman of the Board, effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tarek Robbiati was appointed as Chief Executive Officer at RingCentral, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On August 7, 2023, RingCentral, Inc. (the “Company”) announced that the Company has appointed Tarek Robbiati, a member of the Company’s board of directors (the “Board”), to succeed Vladimir Shmunis as the Company’s Chief Executive Officer effective August 28, 2023 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vladimir Shmunis was appointed as Executive Chairman of the Board at RingCentral, Inc..

Action: appointed
Role: Executive Chairman of the Board

Exact text from the filing

the Company has appointed Mr. Shmunis as Executive Chairman of the Board, effective as of the Effective Date.

View on SEC.gov

RingCentral, Inc. filing history →

Source: SEC EDGAR

accession 0001384905-23-000036

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