EX-5.1 2 d298058dex51.htm EX-5.1 EX-5.1

Exhibit 5.1

 

SKADDEN , ARPS , SLATE , MEAGHER & FLOM LLP
  525 UNIVERSITY AVENUE   
  PALO ALTO, CALIFORNIA 94301    FIRM/AFFILIATE
     OFFICES
 

 

   ——————  
     BOSTON
  TEL: (650) 470-4500    CHICAGO
  FAX: (650) 470-4570    HOUSTON
     LOS ANGELES
  www.skadden.com    NEW YORK
     WASHINGTON, D.C.
     WILMINGTON
     ——————  
     BEIJING
     BRUSSELS
  February 3, 2022    FRANKFURT
     HONG KONG
     LONDON
     MOSCOW
     MUNICH
     PARIS
     SÃO PAULO
     SEOUL
     SHANGHAI
     SINGAPORE
     TOKYO
8x8, Inc.      TORONTO
675 Creekside Way     
Campbell, California     

 

  Re:

8x8, Inc.

Re: Registration Statement on Form S-8

Ladies and Gentlemen:

We have acted as special United States counsel to 8x8, Inc., a Delaware corporation (the “Company”), in connection with its filing with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S-8 (the “Registration Statement”) under the Securities Act of 1933 (the “Securities Act”), on the date hereof, relating to the registration by the Company of an aggregate of 1,500,000 shares (the “Plan Shares”) of common stock of the Company, par value $0.001 per share (the “Common Stock”), authorized for issuance pursuant to the 8x8, Inc. Amended and Restated 2017 New Employee Inducement Incentive Plan (the “Plan”) and in connection with the completion of the Company’s acquisition of Fuze, Inc. on January 18, 2022, pursuant to the Agreement and Plan of Merger, dated as of November 30, 2021, by and among the Company, a subsidiary of the Company and certain other parties (such agreement, including the exhibits and schedules included therein, being hereinafter referred to as the “Merger Agreement”).

This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.

In rendering the opinions stated herein, we have examined and relied upon the following:

 

  (a)

the Registration Statement;

 

  (b)

an executed copy of the Merger Agreement;


8x8, Inc.

February 3, 2022

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  (c)

an executed copy of a certificate, dated the date hereof, of Matthew Zinn, Secretary and Chief Legal Officer (the “Secretary’s Certificate”);

 

  (d)

a specimen certificate evidencing the Common Stock, certified pursuant to the Secretary’s Certificate;

 

  (e)

a copy of the Company’s Restated Certificate of Incorporation certified by the Secretary of State of the State of Delaware as of January 25, 2022, and certified pursuant to the Secretary’s Certificate;

 

  (f)

a copy of the Company’s Amended and Restated By-Laws, as amended and in effect as of the date hereof and certified pursuant to the Secretary’s Certificate;

 

  (g)

a copy of certain resolutions of the Board of Directors of the Company, certified pursuant to the Secretary’s Certificate; and

 

  (h)

a copy of the Plan.

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Company and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below, including the facts and conclusions set forth in the Secretary’s Certificate.

In our examination, we have assumed the genuineness of all signatures, including electronic signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photocopied copies, and the authenticity of the originals of such copies. In making our examination of executed documents, we have assumed that the parties thereto, other than the Company, had the power, corporate or other, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such documents and the validity and binding effect thereof on such parties. As to any facts relevant to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Company and others and of public officials, including the facts and conclusions set forth in the Secretary’s Certificate.

In rendering the opinions stated herein, we have also assumed that (i) an appropriate account statement evidencing the Plan Shares credited to a recipient’s account maintained with the Company’s transfer agent has been or will be issued by the Company’s transfer agent, (ii) the issuance of the Plan Shares has been or will be


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February 3, 2022

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properly recorded in the books and records of the Company; (iii) each award agreement pursuant to which rights to acquire Plan Shares or other awards are granted pursuant to the Plan will be consistent with the Plan and will be duly authorized, executed and delivered by the parties thereto; (iv) the consideration received by the Company for each of the Plan Shares delivered pursuant to the Plan shall not be less than the per share par value of the Plan Shares; and (v) the issuance of the Plan Shares does not violate or conflict with any agreement or instrument binding on the Company (except that we do not make this assumption with respect to the Company’s Restated Certificate of Incorporation or Amended and Restated By-Laws).

We do not express any opinion with respect to the laws of any jurisdiction other than the General Corporation Law of the State of Delaware (the “DGCL”).

Based upon the foregoing and subject to the qualifications and assumptions stated herein, we are of the opinion that the Plan Shares have been duly authorized by all requisite corporate action on the part of the Company under the DGCL and, when issued, delivered and paid for in accordance with the terms of the Plan and the applicable award agreement, the Plan Shares will be validly issued, fully paid and nonassessable.

We hereby consent to the filing of this opinion with the Commission as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.

 

Very truly yours,
/s/ SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP