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Item
1.01. Entry into a Material Definitive Agreement
On May11, 2005 the Board of Directors of WebEx Communications, Inc. (“WebEx”
or “Company”) approved an extension of the termination date of the Company’s $40
million stock repurchase program from July 22, 2005 to December 31, 2005. No
other changes to the stock repurchase program were made. The stock repurchase
program was originally approved by the WebEx board in July 2004 and authorizes
the Company
to repurchase up to $40 million of the Company’s common stock during the term of
the program.
Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On May11, 2005, Min Zhu resigned as a member of the board of directors of and as chief
technical officer of the Company. As
disclosed in the Company’s Proxy
Statement for the Company’s 2005 annual meeting of stockholders filed with the
Securities and Exchange Commission on April 6, 2005 (“Proxy Statement”), Mr. Jan
Baan did not stand for re-election to the Company’s board of directors. As his
term as a director expired as of the date of the Company’s annual meeting, Mr.
Baan retired from the board effective May 11, 2005. Alfred R. Berkeley III, a
director candidate as set forth in the Proxy Statement, was elected as a
director at the annual meeting, and thus his term as a director began on May 11,2005.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
