UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
April 18, 2006
8X8, INC.
(Exact name of registrant as specified in its charter)
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3151 Jay Street
Santa Clara, CA 95054
(Address of principal executive offices including zip code)
(408) 727-1885
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On April 19, 2006, 8x8, Inc. (8x8 or the Company) announced the appointment of Joseph Parkinson as a director of 8x8, effective on April 18, 2006. A copy of the related press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Mr. Parkinson has been an employee of the Company since November 2000, and previously served as a director of the Company from November 2000 until January 2004. Mr. Parkinson served as Chairman of the Board from November 2000 until December 2003, and served as Vice Chairman from December 2003 until January 2004. He also served as the Company's Chief Executive Officer from January 2001 to February 2002, and was Chairman and Chief Executive Officer of Netergy Microelectronics, Inc., a subsidiary of the Company, from November 2000 to January 2001. From October 1999 through August 2000, he served on the board of directors of a private company, Photobit Corporation, and from June 2000 through August 2000 served as Photobit's President and Chief Executive Officer. From October 1998 through September 1999, Mr. Parkinson served as Chairman of the Board of Diamonex, Incorporated, also a private company. He also served as Chairman of the Board and Chief Executive Officer of the Company from June 1995 to January 1998. He previously served as Chairman of the Board and Chief Executive Officer of Micron Technology, Inc. He currently serves on the board of directors of Tulane University, First American Title Holding Company, Yew Technology, Inc. and Advance Nanotech, Inc., a public company. Mr. Parkinson received a B.A. from Columbia College, a J.D. from Tulane University, and a L.L.M. in Taxation from New York University.
Mr. Parkinson has not been appointed to any committees of the Board, and no determination has been made as to any committees of the Board to which he may be appointed. There are no arrangements or understandings between Mr. Parkinson and any other person pursuant to which he was selected as a director of the Company.
Mr. Parkinson is an employee of the Company, but the Company and Mr. Parkinson have not entered into an employment or director agreement. The Company and Mr. Parkinson had previously executed an indemnification agreement in 2000. Other than Mr. Parkinson's employment relationship with the Company, no information is required to be disclosed with respect to Mr. Parkinson pursuant to Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The exhibit listed below is being furnished with this Form 8-K.
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Description |
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Press release dated Aprl 19, 2006 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: April 19, 2006
| 8X8, INC. |
| By: /s/ JAMES SULLIVAN |
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| James Sullivan | |
| Chief Financial Officer, Vice President of Finance and Secretary |
INDEX TO EXHIBITS
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Description |
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* Also provided in PDF format as a courtesy.
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8x8 Appoints Joe Parkinson to Board of Directors
Former 8x8 and Micron Technology CEO brings recognized
leadership expertise to Packet8 VoIP service provider
SANTA CLARA, CA - April 19, 2006 - 8x8, Inc. (NASDAQ:EGHT), the Packet8 broadband Voice over Internet Protocol (VoIP) and videophone communications service provider today announced the appointment of Joe Parkinson to its Board of Directors.
Mr. Parkinson previously served as Chairman of the 8x8 Board of Directors from April 1995 to January 1998, and from November 2000 until December 2003. He also served as Vice Chairman from December 2003 until January 2004. Mr. Parkinson has held leadership positions at a number of technology companies, including CEO/President of 8x8, where he guided the company through its IPO before stepping down in January 1998. Known chiefly as the co-founder of semiconductor manufacturer Micron Technology, Mr. Parkinson served as president and then chairman and CEO of Micron for many years, beginning with the company's inception in the basement of a dental center until his retirement in 1994. During his tenure at Micron, he also served as a board member of the Semiconductor Industry Association (including a year as chairman) and was a co-founding board member of the private-governmental research consortium, Sematech, expending over $200 million per year on research for the semiconductor industry.
Mr. Parkinson continues to be employed part-time by 8x8 and he currently serves as chairman of Advance Nanotech, Inc., the premier provider of financing and support services to expedite the commercialization of nanotechnology discoveries, as well as private companies Yew Technology, Inc., (recruiting a semiconductor research team headed by Roger Lee, CEO, and recently the recipient of a governmental financial commitment to assist construction of a semiconductor facility in Guangzhou, China) and Jarbridge, Inc. (owning and pursuing intellectual property for internet retail sales). Additionally, Mr. Parkinson serves on the boards of First American Title Holding Company (owning and operating 47 title and escrow offices in Idaho and Montana) and Tulane University in New Orleans, Louisiana.
"We are very pleased to welcome Joe Parkinson back as a member of the 8x8 Board of Directors," said Bryan Martin, Chairman and CEO at 8x8. "Mr. Parkinson's business and leadership skills will benefit 8x8 as we solidify our position as one of the industry's leading independent VoIP service providers."
Parkinson joins 8x8 board members Bryan Martin, Donn Wilson, Major General Guy L. Hecker, Jr., Ret. and Christopher McNiffe.
About 8x8, Inc.
VoIP (voice over internet protocol) service provider 8x8, Inc. offers internet-based telephony solutions (www.packet8.net
) for individual residential and business users as well as small to medium sized business organizations. In addition to regular Packet8 VoIP service plans, priced as low as $19.99 per month for unlimited anytime calling to the U.S. and Canada, 8x8 offers the Packet8 VideoPhone, the industry's first stand alone broadband consumer videophone with worldwide video calling for $19.99 per month. Packet8 Virtual Office, 8x8's VoIP solution for small to medium sized businesses, is a hosted PBX service comprised of powerful business class features. For additional company information, visit 8x8's web site at www.8x8.com.NOTE: 8x8, the 8x8 logo, Packet8, the Packet8 logo and Packet8 Virtual Office are trademarks of 8x8, Inc. All other trademarks are the property of their respective owners.
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MEDIA RELATIONS CONTACTS:
Joan Citelli
JCitelli@8x8.com
(408) 687-4320