8x8 2014 Annual Report Download - page 33

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On March 31, 2014, we were named a defendant in a lawsuit, CallWave Communications LLC v. 8x8, Inc. CallWave Communications also
sued Fonality Inc. on March 31, 2014, and previously sued other companies including Verizon, Google, T-
Mobile, and AT&T. We are currently
assessing factual and legal defenses to these claims and expect to present a vigorous defense. We have not answered the complaint yet and
cannot estimate potential liability in this case at this early stage of the litigation.
On April 23, 2014, we were named but not served as a defendant in a lawsuit, TQP Development, LLC v. 8x8, Inc. On April 30, 2014 (and
before any service of the complaint), TQP Development filed papers to dismiss this lawsuit and other lawsuits that were filed on or about the
same time.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
We completed our initial public offering on July 2, 1997 under the name 8x8, Inc. From that date through April 3, 2000, our common stock was
traded on the NASDAQ National Market, or the NASDAQ, under the symbol "EGHT." From April 4, 2000 through July 18, 2001, our common
stock was traded on the NASDAQ under the symbol "NTRG." Since July 19, 2001 our common stock has traded under the symbol "EGHT." In
July 2002, in connection with the transformation of the NASDAQ to a national securities exchange our listing was transferred to the NASDAQ
Capital Market of the NASDAQ Stock Market LLC.
We have never paid cash dividends on our common stock and have no plans to do so in the foreseeable future. As of May 15, 2014, there were
251 holders of record of our common stock.
The following table sets forth the range of high and low close prices for each period indicated:
See Item 12 of Part III of this Report regarding information about securities authorized for issuance under our equity compensation plans.
29
Period
High
Low
Fiscal 2014:
First quarter
$ 8.27
$ 6.47
Second quarter
$ 10.84
$ 8.37
Third quarter
$ 11.95
$ 8.95
Fourth quarter
$ 11.47
$ 9.56
Fiscal 2013:
First quarter
$ 4.36
$ 3.80
Second quarter
$ 7.02
$ 4.14
Third quarter
$ 7.58
$ 5.62
Fourth quarter
$ 7.95
$ 6.00