8×8 reports new employment inducement awards

8×8, Inc. (NASDAQ:EGHT) has 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 company said.

The equity awards were approved by the Compensation Committee of 8×8´s board of Directors and were granted as inducements material to the individuals´ entering into employment with 8×8 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.

8×8 provides enterprise cloud communications solutions to more than 40,000 businesses operating in over 100 countries across six continents.