Current Report Filing (8-k)

8X8 INC /DE/0001023731false00010237312022-05-102022-05-1000010237312023-05-032023-05-03

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

May 11, 2023

Date of Report (Date of earliest event reported)

(Exact name of registrant as specified in its charter)

Delaware			001-38312			77-0142404
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification Number)

675 Creekside Way

Campbell, CA 95008

(Address of principal executive offices including zip code)

[phone]

(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:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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).

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
COMMON STOCK, PAR VALUE $.001 PER SHARE			EGHT			Nasdaq Global Select Market

Emerging growth company      ☐     

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ☐     

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Item 2.02.    Results of Operations and Financial Condition.

On May 11, 2023 8x8, Inc. (the "Company") issued a press release announcing its financial results for the quarter and fiscal year ended March 31, 2023. A copy of this press release is furnished as Exhibit 99.1 to this report and should be read in conjunction with the statements regarding forward-looking statements, which are included in the text of the release.

The attached press release includes non-GAAP financial measures relating to the Company's operations. Certain of these non-GAAP measures will be used in the Company’s earnings conference for the fiscal quarter and year ended March 31, 2023. In addition, the attached press release includes reconciliations of these non-GAAP measures to GAAP measures, as well as an explanation of how management uses these non-GAAP measures and the reasons why management views these measures as providing useful information for investors. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to these results should be carefully evaluated.

The press release is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

Item 7.01.    Regulation FD Disclosure.

On May 9, 2023, the Company voluntarily prepaid $25.0 million of principal and $0.2 million interest on its senior secured term loan credit agreement due August 3, 2027, reducing total principal outstanding to $225 million. This payment had no impact on the Company's compliance with the term loan covenants.

Item 9.01.    Financial Statements and Exhibits

(d) Exhibits.

Exhibit			Description
99.1			Press release dated May 11, 2023
104			Cover Page Interactive Data File, formatted in Inline XBRL.

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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.

Date: May 11, 2023

			8x8, Inc.
			By: /s/ KEVIN KRAUS
			Kevin Kraus
			Interim Chief Financial Officer (Principal Financial Officer)