Monique Bonner
Director at EGHT
Board
About Monique Bonner
Independent director of 8x8, Inc. (EGHT) since 2018; age 54. Former EVP & Chief Marketing Officer at Akamai and 16 years at Dell across sales, operations, strategy, and marketing. Education: BA, Middlebury College; MBA, University of Michigan. Current occupation: Board Director and Business Owner .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Akamai Technologies | EVP & Chief Marketing Officer | Through 2021 | Led global brand, communications, and sales/enablement programs |
| Dell Technologies | Various roles in sales, operations, strategy, marketing | 16 years | Led first global brand strategy and digital innovation roadmap; 7 years based in Europe |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Agero, Inc. (private) | Director | Current | Board service; roadside assistance digital platform |
| Leaf Home (private) | Director | Current | Board service; home technology solutions provider |
| Addison West | Founder | Current | Home decor retailer |
Board Governance
- Independence: Board determined Ms. Bonner is independent under Nasdaq Rule 5605(a)(2) and company policy .
- Current Committees (FY2025): Chair, Governance & Nominating Committee; Member, Compensation Committee .
- Committee changes FY2025: Resigned from Audit Committee (Feb 17, 2025); appointed to Compensation Committee same date .
- Prior Committees (FY2024): Governance & Nominating (Chair); Audit Committee (member) .
- Attendance: No directors standing for re‑election attended less than 75% of Board/committee meetings; Board met 7 times in FY2025; regular executive sessions by independent directors .
Fixed Compensation
EGHT non‑employee director program (rates effective July 1, 2024):
- Board cash retainer: $100,000/year (up from $40,000 in FY2024) .
- Committee member fees (annual): Audit $12,500; Compensation $8,000; Governance & Nominating $5,000; Technology & Cybersecurity $5,000; Strategic Investment $5,000 .
- Committee chair fees (annual): Audit $25,000; Compensation $16,000; Governance & Nominating $14,000; Technology & Cybersecurity $12,500; none for Strategic Investment chair .
- Chairman of the Board fee: $60,000 .
Monique Bonner – director pay (reported):
| Metric | FY2024 | FY2025 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | $62,500 | $110,500 |
| Stock Awards ($) | $157,850 | $155,768 |
| Total ($) | $220,350 | $266,268 |
Annual equity structure:
- New director: $100,000 initial RSUs vesting over two years; plus prorated annual RSUs vesting at next annual meeting .
- Re‑elected director: $135,000 RSUs (reduced from $175,000 in FY2024) vest on completion of one year of service; directors may elect cash/stock/deferred RSUs at vest .
Performance Compensation
Directors are not granted performance‑based awards at EGHT; RSUs are time‑based, with full acceleration on change‑in‑control for non‑employee directors .
| Performance Metric | Applies to Directors? | Basis |
|---|---|---|
| PSU metrics (e.g., cash flow, TSR) | No | RSUs only; time‑based vesting |
Other Directorships & Interlocks
- No public company board service disclosed for Ms. Bonner; current private company boards at Agero and Leaf Home .
- Compensation Committee interlocks: None reported (committee currently Gleeson—Chair, Ford, Bonner) .
- Related‑party transactions: None involving Ms. Bonner; Audit Committee oversees related‑party reviews .
Expertise & Qualifications
- Global B2B marketing, brand strategy, customer‑centric go‑to‑market, digital innovation; senior leadership across two large tech companies .
- Governance leadership as Chair, Governance & Nominating Committee; experience across audit and compensation oversight .
- Academic credentials in liberal arts and business; international experience (Europe) .
Equity Ownership
- Beneficial ownership: 94,387 shares (less than 1% of class) as of May 29, 2025 .
- RSUs outstanding: 79,881 (granted Aug 23, 2024 to directors; vest at completion of service year) .
- Stock ownership guideline (effective June 2024): Hold lesser of $200,000 in value or 40,000 shares; directors subject to guideline (including Bonner) were in compliance as of June 13, 2025; measurement price $2.00 on March 31, 2025 .
- Hedging/pledging prohibited by policy; clawback policy in place .
| Ownership Item | Value |
|---|---|
| Shares Beneficially Owned (#) | 94,387 |
| RSUs Outstanding (#) | 79,881 |
| Ownership Guideline & Status | $200,000 value or 40,000 shares; in compliance |
| Hedging/Pledging Policy | Prohibited |
Say‑on‑Pay & Shareholder Feedback
- FY2024 Say‑on‑Pay approval: 80.11M For; 1.70M Against; 104,737 Abstain; broker non‑vote 20.51M (strong support) .
- FY2025 Say‑on‑Pay approval: 84.43M For; 1.55M Against; 178,528 Abstain; broker non‑vote 21.78M (strong support) .
- 2025 director elections: Ms. Bonner received 74,964,717 For; 11,191,063 Withheld; broker non‑vote 21,780,292 (re‑elected) .
| Vote Item | FY2024 | FY2025 |
|---|---|---|
| Monique Bonner – Director Election (For/Withheld/BNV) | 81,027,520 / 889,782 / 20,513,165 | 74,964,717 / 11,191,063 / 21,780,292 |
| Say‑on‑Pay (For/Against/Abstain/BNV) | 80,110,161 / 1,702,404 / 104,737 / 20,513,165 | 84,430,042 / 1,547,210 / 178,528 / 21,780,292 |
Governance Assessment
-
Strengths:
- Independence affirmed; broad governance experience across audit, compensation, and governance committees .
- Engagement/attendance: met minimum thresholds; re‑elected with solid shareholder support in 2024 and 2025 .
- Ownership alignment: compliant with stock ownership guidelines; receives annual RSUs; hedging/pledging prohibited; clawback policy in place .
- Committee leadership: Governance & Nominating Chair; active role in board refresh/skills oversight; moved from Audit to Compensation in FY2025 to align skill mix .
-
Watch items:
- Equity dilution sensitivity: Board approved increases to ESPP (+6.0M shares) and 2022 Equity Plan (+8.5M shares) in 2025 amid low share price; both passed, with Equity Plan approval narrower (53.52M For; 32.54M Against) indicating investor scrutiny of dilution (relevant for Compensation Committee governance) .
- Shift in director pay mix: cash retainer increased materially to $100,000 while annual RSU grant reduced to $135,000; prudent to monitor alignment and market comparability over time .
-
Red flags: None disclosed for Ms. Bonner (no related‑party transactions; no hedging/pledging; committee interlocks absent; compliance with ownership guidelines) .