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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
May 26, 1999
Date of Report (Date of earliest event reported)
8X8, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-15627 77-0142404
- ---------------------------- ------------------------ ------------------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
2445 Mission College Blvd.
Santa Clara, California 95054
(Address of principal executive offices)
(408) 727-1885
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On May 26, 1999, 8x8, Inc. announced the resignation of Dr. Samuel Wang
from the Board of Directors. Dr. Wang resigned to pursue other interests. After
Dr. Wang's resignation, the number of directors on the Board was reduced to
eight.
A copy of 8x8's press release announcing the resignation is included as
Exhibit 99.1 hereto.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Exhibits.
<TABLE>
<CAPTION>
Exhibit Number Description
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<S> <C>
99.1 Press release dated May 26, 1999.
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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 hereunto duly authorized.
8X8, INC.
Dated: June 7, 1999
By: /s/ Sandra Abbot
-------------------------------------
Sandra L. Abbott
Chief Financial Officer and
Vice President of Finance
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EXHIBIT INDEX
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<CAPTION>
Exhibit Number Description
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<S> <C>
99.1 Press release dated May 26, 1999.
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EX 99.1
SANTA CLARA, Calif. -- (BUSINESS WIRE) -- May 26, 1999 -- 8x8, Inc.
(Nasdaq: EGHT), a leading supplier of multimedia communications technology and
systems, has named Dr. Theodore J. Beck vice president of manufacturing.
Dr. Beck replaces Dr. Sam Wang, who resigned from the company and from
8x8's Board of Directors, to pursue other interests. Dr. Wang's seat on the
board will not be filled, reducing the Board to eight members.
"We appreciate Sam's contributions to our company as an officer and member
of our board of directors and we wish him continued success in his future
endeavors," said Paul Voois, chairman and chief executive officer of 8x8.
"We are fortunate to have someone with Ted's capabilities to lead our
manufacturing department. Ted has been a significant player helping develop a
strong manufacturing team at 8x8 which is fast, reliable, and enables us to
deliver semiconductor and system programs to market faster than our
competitors," said Keith Barraclough, president and COO. "Most recently, Ted has
been instrumental in bringing our manufacturing systems up to speed for the
twenty-first century and implementing an online system that is
electronic-business capable and Y2K compliant."
Dr. Beck, 31, will oversee all of 8x8's system manufacturing wafer
fabrication operations and will report to Barraclough. His extensive background
in systems manufacturing strengthens 8x8's management team as the company
executes its IP telephony strategy. Beck joined 8x8 as director of systems
manufacturing 1997. Previously he was a project manager at Automaker, Inc., a
Texas maker of automated manufacturing systems. Dr. Beck received his Bachelor
of Science in Electronic Engineering from the University of Texas. He received
both his Master of Science in Manufacturing Systems and Engineering and Ph.D. in
Electrical Engineering from Stanford University.
About 8x8
8x8 is a leading manufacturer of digital telecommunications technology,
including IP telephony gateways, software and semiconductors. By leveraging its
technology expertise in audio video compression and communication protocols, the
company is providing systems and software to network and telecommunications
equipment providers, cable television system operators, and local exchange
carriers. For more information, visit 8x8's web site at http://www.8x8.com.
This press release contains forward-looking statements. 8x8's actual
results may differ materially from the results discussed, implied or forecasted
in the forward-looking statements due to factors including in particular a
history of losses, uncertainty of future profitability, potential fluctuation in
future operating results,
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dependence on key customers, the uncertainty of market acceptance of products
and technology, rapid technological change, compliance industry standards,
dependence on key personnel, dependence on new product introduction, current and
potential competition and the need for additional capital. Further information
on these and other factors that could affect the actual results of 8x8 are
included in 8x8's Report on Form 10-K for the year ended March 31, 1999, which
is on file with the Securities and Exchange Commission. 8x8 assumes no
obligation to revise or update any forward-looking statements contained in this
press release.
CONTACT: 8x8, Inc.
Scott St. Clair
408/654-0998
[email protected]
or
Ruder Finn
Stacy Lipschitz/Lauren Felice
212/583-2757 / 212/593-6370
[email protected]
[email protected]
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET MANAGEMENT CHANGES
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