8x8 Inc /De/ DEF 14A Filing

Ticker: EGHT · Form: DEF 14A · Filed: Jul 11, 2024 · CIK: 1023731

8x8 Inc /De/ DEF 14A Filing Summary
FieldDetail
Company8x8 Inc /De/ (EGHT)
Form TypeDEF 14A
Filed DateJul 11, 2024
Pages15
Reading Time18 min
Key Dollar Amounts$63.3 million, $701 m, $728 m, $100,000, $79 million
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a DEF 14A filing submitted by 8x8 Inc /De/ (ticker: EGHT) to the SEC on Jul 11, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $63.3 million (ation. Notably, we repaid the remaining $63.3 million in principal of the 2024 convertible no); $701 m (cial leverage. Our service revenue was $701 million, and total revenue reached $728 m); $728 m ($701 million, and total revenue reached $728 million, both slightly down from fiscal 2); $100,000 (fined as customers generating more than $100,000 in ARR, accounted for 58% of total ARR); $79 million (— increased 62% from the prior year to $79 million. Commitment to Stakeholders As we mov).

How long is this filing?

8x8 Inc /De/'s DEF 14A filing is 15 pages with approximately 4,421 words. Estimated reading time is 18 minutes.

Where can I view the full DEF 14A filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,421 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-07-11 16:24:17

Key Financial Figures

  • $63.3 million — ation. Notably, we repaid the remaining $63.3 million in principal of the 2024 convertible no
  • $701 m — cial leverage. Our service revenue was $701 million, and total revenue reached $728 m
  • $728 m — $701 million, and total revenue reached $728 million, both slightly down from fiscal 2
  • $100,000 — fined as customers generating more than $100,000 in ARR, accounted for 58% of total ARR
  • $79 million — — increased 62% from the prior year to $79 million. Commitment to Stakeholders As we mov
  • $88.3 million — n innovation. In fiscal 2024, we repaid $88.3 million of principal, 35% of our stated intenti
  • $250 million — 5% of our stated intention of returning $250 million to investors through debt repayment ove

Filing Documents

EXECUTIVE COMPENSATION HIGHLIGHTS

EXECUTIVE COMPENSATION HIGHLIGHTS 8 CORPORATE GOVERNANCE 9 GOVERNANCE FRAMEWORK 9 BOARD COMPOSITION 9 DIRECTOR INDEPENDENCE 14 BOARD MEETINGS AND ATTENDANCE 15 COMMITTEES 15 CODE OF BUSINESS CONDUCT AND ETHICS 18 STOCKHOLDER ENGAGEMENT 19 CORPORATE GOVERNANCE PRINCIPLES 20 SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY 21 COMPENSATION OF NON-EMPLOYEE DIRECTORS 24 OUR APPROACH 24 FISCAL 202 4 DIRECTOR COMPENSATION TABLE 25 NON-EMPLOYEE DIRECTOR STOCK OWNERSHIP REQUIREMENT 26 PROPOSAL ONE – ELECTION OF DIRECTORS 26 TRANSACTIONS WITH RELATED PERSONS AND CERTAIN CONTROL PERSONS 30 SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 31 AUDIT MATTERS 32 REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS 32 PROPOSAL TWO – RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS 33 EQUITY COMPENSATION PLANS 34 EQUITY COMPENSATION PLAN INFORMATION 34

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 35 COMPENSATION DISCUSSION AND ANALYSIS 35 FISCAL 202 4 COMPENSATION HIGHLIGHTS 37 REPORT OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS 50 SUMMARY COMPENSATION TABLE 51 FISCAL 202 4 GRANTS OF PLAN-BASED AWARDS TABLE 52 FISCAL 202 4 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE 53 FISCAL 202 4 OPTION EXERCISES AND STOCK VESTED TABLE 55 EMPLOYMENT ARRANGEMENTS 56 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE-IN-CONTROL 58 CEO PAY RATIO 60 PAY VERSUS PERFORMANCE 61 PROPOSAL THREE – ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION 66 PROPOSAL FOUR – APPROVAL OF AMENDMENT TO 2022 EQUITY INCENTIVE PLAN 67 PROPOSAL FIVE – APPROVAL OF AMENDMENT TO THE COMPANY'S CHARTER 79

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 81 STOCKHOLDER PROPOSALS FOR 202 4 ANNUAL MEETING 83 VOTING RIGHTS, QUORUM, AND REQUIRED VOTE 84 VOTING REQUIREMENTS 86 SOLICITATION OF PROXIES 86 OTHER MATTERS 87 APPENDIX A – NON-GAAP FINANCIAL INFORMATION AND RECONCILIATIONS 88 APPENDIX B – AMENDMENT TO RESTATED CERTIFICATE OF INCORPORATION 90 APPENDIX C - 8X8, INC. 2022 EQUITY INCENTIVE PLAN, AS AMENDED 90 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This proxy statement contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended to identify forward-looking statements. These forward-looking statements include but are not limited to: changing industry trends, new product innovations and integrations, market demand for our products, channel and e-commerce growth, sales and marketing activities, strategic partnerships, business strategies, improved customer acquisition and support costs, customer churn, future operating performance and efficiencies, financial outlook, revenue growth, and profitability, reducing unit costs and improving gross profit margin, driving sustainable growth and increasing profitability and cash flow, new debt and interest expense, hiring of employees, general and administrative expenses in future periods, and the impact of foreign currency exchange rate and interest rate fluctuations. You should not place undue reliance on such forward-looking statements. Actual results could differ materially from historical results and those projected in forward-look

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