01—Abstract
Summary
Summary of the 8-K filed September 2, 2026. Cited figures are marked; the original filing is the authoritative source.
Zoom Communications, Inc. (NASDAQ: ZM) filed a Form 8-K reporting that its Board of Directors appointed Jeff Epstein as a director effective August 31, 2026.
He was named a Class I director with a term expiring at the 2029 annual meeting and was also appointed to the Audit Committee. Mr. Epstein is an Operating Partner at Bessemer Venture Partners, a role he has held since 2011, and a Lecturer at Stanford University's Graduate School of Business. He is the former Executive Vice President and Chief Financial Officer of Oracle Inc. He also serves on the boards of Autodesk, Inc., AvePoint, Inc., and Twilio, Inc. The filing also discloses that director Jonathan Chadwick notified the Company on September 1, 2026 of his decision to resign from the Board, effective November 19, 2026.
The filing states that the resignation was not the result of any disagreement with the Company on its operations, policies or practices. Under the Company's Non-Employee Director Compensation Policy, Mr. Epstein will receive an initial grant of restricted stock units with a target value of $213,219a. The RSUs vest the day before the 2027 annual meeting, or the one-year anniversary of the grant date if sooner, subject to continued service.
Mr. Epstein has also signed the Company's standard indemnification agreement. The Company announced the appointment in a press release dated September 2, 2026, furnished as Exhibit 99.1.
02—Key points
Key Highlights
- Jeff Epstein, former Oracle EVP and CFO, was appointed to the Board effective August 31, 2026, as a Class I director with a term expiring at the 2029 annual meeting.
- Mr. Epstein was also appointed to the Audit Committee of the Board.
- Jonathan Chadwick notified the Company on September 1, 2026 that he will resign from the Board effective November 19, 2026, and the filing states the resignation was not due to any disagreement with the Company.
- Mr. Epstein will receive an initial RSU grant with a target value of $213,219 under the Non-Employee Director Compensation Policy, vesting on the day before the 2027 annual meeting or the one-year grant anniversary, if sooner.
- Mr. Epstein currently serves on the boards of Autodesk, Inc., AvePoint, Inc., and Twilio, Inc., and previously served on the boards of Okta, Inc., Couchbase, Inc., Poshmark, Inc., and Shutterstock, Inc.
- The appointment was announced in a September 2, 2026 press release, furnished as Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure) and not deemed filed with the SEC.
03—Questions
Frequently Asked Questions
Who is Jeff Epstein and what is his relevant experience?
Mr. Epstein is an Operating Partner at Bessemer Venture Partners, a position he has held since 2011, and a Lecturer at Stanford University's Graduate School of Business. He is the former Executive Vice President and Chief Financial Officer of Oracle Inc. He previously served as CFO of DoubleClick Inc., King World Productions, Inc., and Nielsen's Media Measurement and Information Group, and was an investment banker at The First Boston Corporation. He specializes in business-to-business software, marketplaces and vertical artificial intelligence.
Which Board committee will Mr. Epstein serve on, and what is his term?
Mr. Epstein was appointed to the Audit Committee of the Board. He was appointed as a Class I director for a term expiring at the Company's 2029 annual meeting of stockholders.
Why is Jonathan Chadwick leaving the Board?
On September 1, 2026, Mr. Chadwick notified the Company of his decision to resign as a director, effective November 19, 2026. The filing states his resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. The press release describes his departure as a retirement after nearly ten years of service.
How will Mr. Epstein be compensated?
Mr. Epstein will be compensated under the Company's Non-Employee Director Compensation Policy, as described in the 2026 proxy statement filed April 30, 2026. He will receive an initial grant of restricted stock units with a target value of $213,219. The RSUs vest on the day before the 2027 annual meeting, or on the one-year anniversary of the grant date if that is sooner, subject to his continuous service.
Are there any indemnification arrangements for the new director?
Yes. Mr. Epstein has executed the Company's standard form of indemnification agreement with its directors and executive officers.
04—Continue