8x8, Inc. (Nasdaq: EGHT) appoints Colleen Martin-Garcia as principal accounting officer
Rhea-AI Filing Summary
8x8, Inc. appointed Colleen Martin-Garcia, Senior Vice President and Chief Accounting Officer, as its principal accounting officer effective July 29, 2026. Kevin Kraus, previously acting as principal accounting officer, returns to his role as Chief Financial Officer and principal financial officer, and his change in role is stated not to reflect any disagreement on company operations, policies, or practices.
Martin-Garcia, age 56, previously served as Vice President and Chief Accounting Officer at CareDx, and held senior finance roles at Carbon, Polycom, and Plantronics after starting her career at KPMG. Under an offer letter, she will receive an annual base salary of $360,000, with a target annual cash bonus equal to 50% of base salary, and will be an at-will employee. She will be eligible for benefits under 8x8's Amended and Restated 2017 Executive Change-in-Control and Severance Policy as an Executive Tier participant.
The compensation committee approved an award of 600,000 restricted stock units under the 2017 New Employee Inducement Incentive Plan, to be granted in the next quarterly grant cycle, anticipated in September 2026. One-third will vest on the first anniversary of the grant date, and the remaining two-thirds will vest quarterly over the following eight quarters, fully vesting by the third anniversary.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Annual base salary: $360,000
Target bonus percentage: 50% of base salary
RSU award size: 600,000 shares
+4 more
7 metrics
Annual base salary
$360,000
Base salary for Colleen Martin-Garcia under her offer letter
Target bonus percentage
50% of base salary
Target annual cash bonus opportunity for Martin-Garcia
RSU award size
600,000 shares
Restricted stock units approved for Martin-Garcia under inducement plan
Initial vesting
1/3 of RSUs
Vests on the one-year anniversary of the RSU grant date
Subsequent vesting schedule
8 quarterly installments
Remaining 2/3 of RSUs vest quarterly over the next eight quarters
Full vesting period
3 years
Entire RSU award vested by the third anniversary of the grant date
Executive age
56
Age of Colleen Martin-Garcia at the time of appointment
Key Terms
principal accounting officer, restricted stock units, Executive Change-in-Control and Severance Policy, at-will employee, +1 more
5 terms
principal accounting officer financial
"appointed Colleen Martin-Garcia ... as the Company's principal accounting officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock units financial
"approved an award of restricted stock units ("RSUs") representing the right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Executive Change-in-Control and Severance Policy financial
"eligible to receive certain payments and benefits under the Company's Amended and Restated 2017 Executive Change-in-Control"
at-will employee regulatory
"The Offer Letter does not have a specific term and provides that Ms. Martin-Garcia will serve as an at-will employee"
indemnity agreement regulatory
"Ms. Martin-Garcia will also enter into the Company's standard form of indemnity agreement"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive change did 8x8 (EGHT) disclose in this Form 8-K?
8x8 appointed Colleen Martin-Garcia as its principal accounting officer, effective July 29, 2026. Chief Financial Officer Kevin Kraus, who had been serving in that capacity, returns to focusing on his CFO and principal financial officer roles.
What is the compensation package for 8x8 (EGHT) executive Colleen Martin-Garcia?
Colleen Martin-Garcia will receive an annual base salary of $360,000 and a target annual cash bonus equal to 50% of base salary. She also received an approved award of 600,000 RSUs vesting over three years, subject to grant timing and plan terms.
How will Colleen Martin-Garcia’s 600,000 RSUs at 8x8 (EGHT) vest?
The 600,000 RSUs will vest one-third on the first anniversary of the grant date. The remaining two-thirds will vest quarterly over the next eight quarters, so the entire award is vested by the third anniversary of the grant date.
When will 8x8 (EGHT) grant the RSUs approved for Colleen Martin-Garcia?
The compensation committee approved 600,000 RSUs on July 28, 2026, to be granted in the ordinary course. The grant is anticipated to occur in 8x8’s next quarterly grant cycle, expected in September 2026, under the 2017 New Employee Inducement Incentive Plan.
What severance or change-in-control protections does Colleen Martin-Garcia have at 8x8 (EGHT)?
Under her offer letter, Colleen Martin-Garcia is eligible for payments and benefits under 8x8’s Amended and Restated 2017 Executive Change-in-Control and Severance Policy as an Executive Tier participant, in addition to her salary, bonus opportunity, and equity award.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM | |||||||||||
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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Item 5.02. Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) and (c)
On July 29, 2026, the Board of Directors of 8x8, Inc. (the "Company") appointed Colleen Martin-Garcia, the Company's Senior Vice President and Chief Accounting Officer, who joined the Company on July 6, 2026, as the Company's principal accounting officer. Until to her appointment, Kevin Kraus, the Company's Chief Financial Officer and principal financial officer, served as the Company's principal accounting officer.
Following Ms. Martin-Garcia's appointment, Mr. Kraus will return to his role as the Company's Chief Financial Officer and principal financial officer. Mr. Kraus's cessation of services as the Company's principal accounting officer was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Prior to joining the Company, Ms. Martin-Garcia, age 56, served as Vice President and Chief Accounting Officer of CareDx, Inc. (Nasdaq: CDNA), a precision medicine company focused on organ transplantation, from October 2024 until April 2026. Prior to joining CareDx, she served as Senior Vice President, Finance at Carbon, Inc., a digital manufacturing company, from September 2022 until September 2024. Prior to that position, she served as Vice President, Corporate Controller at Carbon, from January 2019 through September 2022. Earlier in her career, Ms. Martin-Garcia held positions of increasing responsibility at Polycom, Inc. (Nasdaq: PLCM) and Plantronics, Inc. (NYSE: PLT). Ms. Martin-Garcia started her career at KPMG LLP.
Ms. Martin-Garcia holds a Master of Science in Accountancy from San Jose State University and a Bachelor of Arts in Economics with an emphasis in Business from the University of California, Santa Cruz, where she graduated with honors. She is a Certified Public Accountant in the State of California, with inactive status.
In connection with her appointment, the Company entered into an offer letter with Ms. Martin-Garcia (the "Offer Letter"), pursuant to which she will have an annual base salary of $360,000 and a target annual cash bonus equal to 50% of her base salary. The Offer Letter does not have a specific term and provides that Ms. Martin-Garcia will serve as an at-will employee. Pursuant to the Offer Letter, Ms. Martin-Garcia became eligible to receive certain payments and benefits under the Company's Amended and Restated 2017 Executive Change-in-Control and Severance Policy, as amended and restated (the "CIC Policy") as an "Executive Tier" participant.
On July 28, 2026, the Compensation Committee of the Board of Directors of the Company approved an award of restricted stock units ("RSUs") representing the right to acquire 600,000 shares of the Company's common stock upon vesting, subject to the terms and conditions of the Company’s Amended and Restated 2017 New Employee Inducement Incentive Plan. The RSUs will vest as follows: one-third of the RSUs will vest on the one-year anniversary of the grant date and the remaining two-thirds will vest quarterly thereafter over the subsequent eight quarters, such that the entire award shall be vested as of the third anniversary of the grant date. As provided in the Offer Letter, the RSUs will be granted in the ordinary course in connection with the Company's next quarterly grant cycle, which is anticipated to be in September 2026.
There are no family relationships between Ms. Martin-Garcia and any director or executive officer of the Company and no related persons transactions involving Ms. Martin-Garcia that would require disclosure under Item 404(a) of Regulation S-K.
The foregoing description of the Offer Letter is qualified in its entirety by reference to the full text of the Offer Letter, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending June 30, 2026.
Ms. Martin-Garcia will also enter into the Company’s standard form of indemnity agreement, which is attached as Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on July 31, 2021.
(e)
The information set forth above under Items 5.02(b) and (c) is hereby incorporated by reference into this Item 5.02(e).
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit | Description | |||||||
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 30, 2026
| 8x8, Inc. | ||||||||
| By: /s/ KEVIN KRAUS | ||||||||
| Kevin Kraus | ||||||||
| Chief Financial Officer (Principal Financial Officer) | ||||||||