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
- Source
- Official filing on sec.gov ↗
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
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
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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