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Form 8-K · Current Report · Filed 2024-10-01

Zoom Appoints New CFO Michelle Chang

On October 1, 2024, Zoom Video Communications, Inc.

Filer
Zoom Video Communications, Inc. ZM · NASDAQ
Filed
Accession
0001193125-24-229587
CIK
0001585521
Signal
High impactTechnology

Details

announced the appointment of Michelle Chang as the new Chief Financial Officer, effective around October 7, 2024. Chang, previously at Microsoft, will receive an annual base salary of $580,000, a target annual bonus, and restricted stock units with a target value of $23.6 million. She will also be eligible for severance and change in control benefits.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CFO Appointed
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$69.74

Next session

-3.1%

Since filing

+37.8%

Latest close

$96.07

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ZM reporting the same item, with the next session's move:

Exhibits (1)

About Zoom Video Communications, Inc.

Zoom Video Communications, Inc. is a leading technology company specializing in virtual communication solutions. Renowned for its video conferencing software, Zoom enables seamless virtual meetings, webinars, and remote collaboration across various devices and platforms. Its primary purpose is to facilitate communication and connectivity for individuals, businesses, and institutions, significantly impacting sectors like education, corporate, healthcare, and government services. Zoom has become integral in supporting remote work environments and distance learning, providing tools for video calls, virtual events, and team chats. Offering scalable solutions, Zoom caters to both small businesses and large enterprises, adapting to diverse user needs and maintaining a strong emphasis on security and user experience. The company's platform is an essential component of the modern digital infrastructure, driving productivity and engagement in the increasingly hybrid work culture.

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