8x8 2010 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2010 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

See Item 12 of Part III of this Report regarding information about securities authorized for issuance under our equity
compensation plans.
The graph below shows the cumulative total stockholder return over a five year period assuming the investment of $100 on
March 31, 2005 in each of 8x8’s common stock, the NASDAQ Composite Index and the NASDAQ Telecommunications
Index. The graph is furnished, not filed, and the historical return cannot be indicative of future performance.
Sales of Unregistered Securities.
On May 1, 2010, we entered into an agreement with Central Host, Inc. and Andrew Schwabecher pursuant to which we
acquired this provider of managed hosting services from its sole shareholder, Schwabecher. Under the terms of the Agreement,
we closed the acquisition on May 1, 2010, and paid $1,000,000 in cash and issued 432,276 shares of common stock, at an
average price of $1.388 per share and calculated based on the trailing 5-day average closing price of 8x8 common stock on the
NASDAQ Exchange as of the Effective Date of the transaction, to Schwabecher in exchange for 100% of the outstanding
shares of capital stock of Central Host, Inc. The shares of our common stock were not registered for sale and were issued
pursuant to an exemption from the registration requirements under section 5 of the Securities Act of 1933, as amended,
provided by section 4(2) thereof.
26