8x8 Reports New Employment Inducement Awards Under Nasdaq Marketplace Rule 5635(c)(4)
March 18 2016 - 8:15AM
Business Wire
8x8, Inc. (NASDAQ:EGHT), the leading provider of global
Enterprise Communications as a Service (ECaaS), today announced
that on March 15, 2016, it awarded restricted stock units (RSUs)
representing an aggregate of 69,910 shares of the Company’s common
stock to 17 new non-officer employees.
The equity awards were approved by the Compensation Committee of
8x8’s Board of Directors and were granted as inducements material
to the individuals' entering into employment with 8x8 in accordance
with Nasdaq Marketplace Rule 5635(c)(4). Each of the awards are
subject to vesting pursuant to the terms of the individual award
agreements, which terms include that the recipient be employed
through each vesting date.
About 8x8, Inc.
8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure
and reliable enterprise cloud communications solutions to more than
40,000 businesses operating in over 100 countries across six
continents. 8x8's out-of-the-box cloud solutions replace
traditional on-premises PBX hardware and software-based systems
with a flexible and scalable Software as a Service (SaaS)
alternative, encompassing cloud business phone service, contact
center solutions, and conferencing. For additional information,
visit www.8x8.com, www.8x8.com/UK or connect with 8x8
on LinkedIn, Twitter, Google+ and Facebook.
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version on businesswire.com: http://www.businesswire.com/news/home/20160318005087/en/
Investor Relations Contact:8x8, Inc.Joan Citelli,
408-654-0970joan.citelli@8x8.com
8x8 (NYSE:EGHT)
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