RINGCENTRAL, INC. (NYSE:RNG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
| (d) | Appointment of New Director |
On June13, 2017, Kenneth Goldman was appointed to the board of
directors (the Board) of RingCentral, Inc. (the Company).
Mr.Goldman will serve as a director with a term of office
expiring at the Companys 2018 Annual Meeting of Stockholders.
Mr.Goldman served as Chief Financial Officer of Yahoo! Inc. from
October 2012 to June 2017. Prior to joining Yahoo! Inc.,
Mr.Goldman served as Chief Financial Officer of Fortinet Inc.
from September 2007 to September 2012. Prior to that, Mr.Goldman
served as Chief Financial Officer of several public and private
companies, including Dexterra, Inc. and Siebel Systems, Inc.,
during his professional career now spanning over forty years.
Mr.Goldman also serves on the board of directors of NXP
Semiconductors N.V., GoPro, Inc., TriNet Group Inc. and other
non-profit boards such as Lucile Packard Childrens Hospital
Foundation Board. Mr.Goldman is also a member of the Standing
Advisory Group of the Public Company Accounting Oversight Board.
Mr.Goldman will be eligible to participate in the Companys
standard compensation arrangements for non-employee directors,
including receiving cash and equity compensation, as described on
pages 16 through 18 of the Companys 2017 proxy statement filed
with the Securities and Exchange Commission on April28, 2017.
The Company has entered into its standard form of indemnification
agreement with Mr.Goldman, a copy of which is filed as Exhibit
10.11 of the Companys Registration Statement on Form S-1 filed
with the Securities and Exchange Commission on August26, 2013.
Other than the indemnification agreement described in the
preceding sentence, Mr.Goldman has no direct or indirect material
interest in any transaction required to be disclosed to Item
404(a) of Regulation S-K promulgated under the Securities
Exchange Act of 1934, as amended, nor are any such transactions
currently proposed. There are no arrangements or understandings
between Mr.Goldman and any other persons to which Mr.Goldman was
appointed a director of the Company, and there are no family
relationships between Mr.Goldman and any director or executive
officer of the Company.
A copy of the news release issued by the Company on June13, 2017
announcing Mr.Goldmans appointment to the Board is attached
hereto as Exhibit 99.1.
| Item9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
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Exhibit No. |
Description |
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| 99.1 |
News release of RingCentral, Inc. dated June13, 2017, announcing the appointment of a new director. |
About RINGCENTRAL, INC. (NYSE:RNG)
RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for business communications. The Company’s cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including voice, text, team messaging collaboration, high definition (HD) video for Web conferencing and fax. The Company’s products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and Glip by RingCentral. RingCentral Office is a multi-user, enterprise-grade communications solution. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments, and RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.