8x8 CEO Vikram Verma's 2020 pay rises 11% to $5.7M
8x8 reports 2020 executive compensation
By ExecPay News
Published: June 30, 2020
8x8 reported fiscal year 2020 executive compensation information on June 30, 2020.
In 2020, five 8x8 executives received on average a compensation package of $2.7M, a 39% increase compared to previous year.
Average pay of disclosed executives at 8x8
Vikram Verma, Chief Executive Officer, received $5.7M in total, which increased by 11% compared to 2019. 87% of Verma's compensation, or $4.9M, was in stock awards. Verma also received $242K in non-equity incentive plan, $513K in salary, as well as $6.6K in other compensation.
For fiscal year 2020, the median employee pay was $136,806 at 8x8. Therefore, the ratio of Vikram Verma's pay to the median employee pay was 41 to one.
Steven Gatoff, Chief Financial Officer, received a compensation package of $3M, which decreased by 1% compared to previous year. 83% of the compensation package, or $2.5M, was in stock awards.
Dejan Deklich, Chief Product Officer, earned $2.9M in 2020, a 46% increase compared to previous year.
Matthew Zinn, General Counsel, received $1.1M in 2020, which decreases by 24% compared to 2019.
Bryan R. Martin, Chief Technology Officer, earned $875K in 2020, a 10% increase compared to previous year.
8x8's fiscal year ends on March 31.
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Source: SEC filing on June 30, 2020.