8x8, Inc. Issues New Employee Inducement Grants

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Get Alerts EGHT Hot Sheet

Price: $2.11 +2.93%

Overall Analyst Rating:
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EPS Growth %: +12.5%

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CAMPBELL, Calif.--(BUSINESS WIRE)-- 8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today announced that in connection with the acquisition of Fuze, Inc., 8x8 issued inducement grants in the form of restricted stock units for up to 1,288,685 shares of 8x8’s common stock to 204 employees. The awards vest over periods of up to three years, subject to the recipient’s continuing 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 new employees from Fuze, 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 solution 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™ are trademarks of 8x8, Inc.