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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
October 21, 1999
Date of Report (Date of earliest event reported)
8x8, INC.
(Exact name of registrant as specified in its charter)
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Delaware 333-15627 77-0142404
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
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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 October 21, 1999, the Company announced the addition of Joseph Markee
and Lee Camp to the Board of Directors. A copy of the Company's press release
announcing the election of the new directors is included as Exhibit 99.1 hereto.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
See the attached Exhibit Index.
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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: November 9, 1999
By: /s/ David Stoll
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David Stoll
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit Number Description
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99.1 Press release dated October 21, 1999.
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CONTACT: Scott St. Clair Lauren Felice/ Wendi Green
8x8, Inc. Ruder Finn
(408) 654-0998 (212) 583-6370/(212) 593-6374
[email protected] [email protected]
[email protected]
FOR IMMEDIATE RELEASE
8x8 NAMES TWO TELECOM INDUSTRY VETERANS TO ITS BOARD
SANTA CLARA, Calif. - October 21, 1999 - 8x8, Inc. (Nasdaq: EGHT), a leading
supplier of multimedia communications technology and systems, today announced
that Mr. Joseph Markee and Mr. Lee Camp were elected to its Board of Directors,
increasing the number of board members to seven. Both men are veterans of the
telecommunications industry, Markee as co-founder and chairman of Copper
Mountain Networks, and Camp as president and CEO of Pacific Telesis Enhanced
Services.
"We are very pleased to have Joe and Lee join our board," said Dr. Paul Voois,
8x8's chairman and CEO. "Their combined knowledge and experience in the telecom
industry will be a tremendous strategic asset to 8x8."
Joe Markee is chairman of the board, chief technical officer and co-founder of
Copper Mountain Networks, Inc. He has a distinguished track record for launching
high-technology companies and leading them to success. Before co-founding Copper
Mountain, Mr. Markee was co-founder of Primary Access, a leading remote-access
server company acquired by 3Com Corporation in 1995. At 3Com/Primary Access, he
was a member of the senior management team, serving as vice president of
operations and vice president of support.
"As we move to deploy our IntraSwitch(TM) iPBX Server Software, an understanding
of the business of selling infrastructure equipment to service providers is
critical," continued Voois. "As a founder of Copper Mountain, one of the largest
suppliers of DSL (digital subscriber loop) equipment to service providers, Joe
knows that business very well, and I look forward to his strategic counsel as we
bring our IP Telephony products to market."
Prior to retiring from SBC Corporation after 35 years, Lee Camp was president
and CEO of Pacific Telesis Enhanced Services. In this position he was
responsible for most of the company's initiatives in new unregulated businesses,
including entry into video services, the introduction of Internet merchant
directories and the development and commercialization of voice messaging
services. In addition, Mr. Camp oversaw a variety of strategy and new business
development efforts for Pacific Telesis.
(more)
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8x8 NAMES TWO TELECOM INDUSTRY VETERANS TO ITS BOARD
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"Lee brings to 8x8 extensive experience in the telecom service industry through
his work at Pacific Bell and SBC, where he built and ran several service
businesses during his 35-year tenure," concluded Voois. "His mix of operational
experience, new venture entrepreneur drive and industry knowledge will greatly
benefit 8x8."
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 and 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 our Web site at http://www.8x8.com.
This press release contains forward looking statements. 8x8's actual results
could differ materially from those discussed, implied or forecasted in the
forward looking statements due to factors including in particular: the
uncertainty of future profitability, the lack of assurance of future license
revenues, potential fluctuations in future operating results, uncertainty
surrounding the market acceptance of the Company's new and existing IP
communications and monitoring products, dependence on key customers, need for
additional capital, current and potential competition, and other risks detailed
from time to time in 8x8's Securities and Exchange Commission filings, including
its Report on Form 10-Q for the quarter ended June 30, 1999. 8x8 assumes no
obligation to revise or update any forward-looking statements contained in this
press release.
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Editors: 8x8 and the 8x8 logo are registered trademarks and IntraSwitch is a
trademark of 8x8, Inc. All other trademarks are property of their respective
owners.
