Business Context and Reporting Period
This Form 8-K Current Report was filed by Zoom Video Communications, Inc. on January 4, 2023. The report discloses a corporate governance event regarding the appointment of a new director to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the election of Cindy L. Hoots to the Board of Directors, effective January 5, 2023. She was elected as a Class II director with a term expiring at the 2024 annual meeting of stockholders. Additionally, she will serve on the Cybersecurity Risk Management Committee.
Outlook, Commentary, and Risks
Ms. Hoots brings significant experience in digital transformation and technology leadership, having previously served as Chief Digital Officer and Chief Information Officer at AstraZeneca PLC, Global Vice President of Technology at Unilever PLC, and in leadership roles at British American Tobacco plc. There are no undisclosed arrangements or material interests associated with her election. She will be compensated under the Company's standard Non-Employee Director Compensation Policy and will enter into the standard indemnification agreement.
Key Facts for Investor Verification
- New Director: Cindy L. Hoots elected to the Board effective January 5, 2023.
- Committee Assignment: Ms. Hoots will serve on the Cybersecurity Risk Management Committee.
- Term: Class II director term expiring at the 2024 annual meeting.
- Compensation: Subject to the standard Non-Employee Director Compensation Policy.
- Background: Former CDO/CIO at AstraZeneca and Global VP of Technology at Unilever.