8x8 2011 Annual Report Download - page 27
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Please find page 27 of the 2011 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.-
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The graph below shows the cumulative total stockholder return over a five year period assuming the investment of $100 on
March 31, 2006 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. (“Central Host”) and its sole shareholder Andrew
Schwabecher, pursuant to which we acquired this provider of managed hosting services from, Mr. 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 Capital Market as of the effective date of the transaction, to Mr. Schwabecher in exchange for
all of the outstanding shares of capital stock of Central Host. 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.
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