VONAGE HOLDINGS CORP. (NYSE:VG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
VONAGE HOLDINGS CORP. (NYSE:VG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On May 23, 2017, the Company’s Chief Operating Officer, Joe Redling, announced that, as a result of the Company’s progress, and after consideration of the long-term needs of the Company and his personal goals, he was leaving the Company effective July 31, 2017 to explore new career opportunities.
Under a Confidential Transition, Separation, and General Release Agreement dated May 23, 2017, Mr. Redling will receive separation benefits as set forth in his employment agreement, dated December 2, 2013. In addition, Mr. Redling will receive (i) his performance based restricted stock units for the 2015-2017 performance period, to the extent earned by the Company, when determined and paid in 2018 and (ii) the accelerated vesting of the final tranche of his sign-on option grant scheduled for January 2, 2018.
The Company thanks Mr. Redling for his service to Vonage and wishes him the very best in the future.
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About VONAGE HOLDINGS CORP. (NYSE:VG)
Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and business communication solutions across multiple devices. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration and mobile applications over its scalable session initiation protocol (SIP)-based voice over Internet protocol (VoIP) network. It serves a range of business markets, including the small and medium business (SMB), mid-market and enterprise segments. Its business solutions’ product families include Vonage Essentials, based on its call processing platform that is purpose-built for SMB and mid-market customers, and Vonage Premier, based on Broadsoft’s call processing platform in combination with its cloud-based solutions. Its consumer services strategy is focused on the North American markets. VONAGE HOLDINGS CORP. (NYSE:VG) Recent Trading Information
VONAGE HOLDINGS CORP. (NYSE:VG) closed its last trading session up +0.38 at 6.86 with 1,438,454 shares trading hands.
Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and business communication solutions across multiple devices. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration and mobile applications over its scalable session initiation protocol (SIP)-based voice over Internet protocol (VoIP) network. It serves a range of business markets, including the small and medium business (SMB), mid-market and enterprise segments. Its business solutions’ product families include Vonage Essentials, based on its call processing platform that is purpose-built for SMB and mid-market customers, and Vonage Premier, based on Broadsoft’s call processing platform in combination with its cloud-based solutions. Its consumer services strategy is focused on the North American markets. VONAGE HOLDINGS CORP. (NYSE:VG) Recent Trading Information
VONAGE HOLDINGS CORP. (NYSE:VG) closed its last trading session up +0.38 at 6.86 with 1,438,454 shares trading hands.