8x8 Announces Appointment of Suzy Seandel as Chief Accounting Officer and Issues New Employee Inducement Grants

Rhea-AI Summary

8x8, Inc. (NYSE: EGHT) has appointed Suzy Seandel as Senior Vice President and Chief Accounting Officer, with Tim Young joining as Global Vice President, Revenue Operations. Seandel received 243,445 shares, while Young received 269,662 shares in inducement grants, vesting over three years contingent on their continued employment. These appointments aim to strengthen the leadership team. 8x8 provides integrated cloud communications solutions, blending UCaaS and CCaaS for enhanced customer experiences.

Positive

• New appointments may bring fresh perspectives to leadership.
• Inducement grants signal confidence in the new executives' contributions.

Negative

• Concerns may arise regarding the experience gap in leadership roles.

CAMPBELL, Calif.--(BUSINESS WIRE)-- 8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform, today announced the appointment of Suzy Seandel as Senior Vice President and Chief Accounting Officer, reporting to CFO Samuel Wilson. The company also announced that Tim Young has joined 8x8 as Global Vice President, Revenue Operations.

Seandel and Young received 243,445 and 269,662 shares, respectively, in inducement grants in the form of restricted stock units. These awards vest over a three-year period, subject to the recipients’ continued employment or other association with 8x8 or any of its subsidiaries. The awards were approved by the independent directors of 8x8’s Compensation Committee as material inducements to the hiring of the new employees in accordance with New York Stock Exchange Rule 303A.08 and 8x8’s Amended and Restated 2017 New Employee Inducement Incentive Plan.

About 8x8 Inc.

8x8, Inc. (NYSE: EGHT) is transforming the future of business communications as a leading Software as a Service provider of 8x8 XCaaS™ (eXperience Communications as a Service™), an integrated contact center, voice communications, video, chat, and API built on one global cloud communications platform. 8x8 uniquely eliminates the silos between Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) to power the communications requirements of all employees globally as they work together to deliver differentiated customer experiences. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter and Facebook.

8x8®, 8x8 XCaaS™, eXperience Communications as a Service™, eXperience Communications Platform™ are trademarks of 8x8, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005773/en/

8x8, Inc.



Media:

John Sun, 1-408-692-7054

john.sun@8x8.com



Investor Relations:

Kate Patterson, 1-408-763-8175

katherine.patterson@8x8.com

Source: 8x8, Inc.

FAQ

What are the new leadership changes at 8x8 Inc. as of July 2022?

8x8 Inc. appointed Suzy Seandel as Senior Vice President and Chief Accounting Officer and Tim Young as Global Vice President, Revenue Operations.

What stock grants were awarded to the new executives at 8x8 Inc.?

Suzy Seandel received 243,445 shares and Tim Young received 269,662 shares in restricted stock units, vesting over three years.

How might the new appointments affect 8x8 Inc.'s performance?

The leadership changes could enhance strategic direction and operational efficiency, potentially leading to improved business outcomes.