UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires:
December 31, 2005

 

SCHEDULE 13G

Estimated average burden hours per response. . 11

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

8x8, Inc.

(Name of Issuer)

Common Stock, par value $.001 per share

(Title of Class of Securities)

282914100

(CUSIP Number)

December 31, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

ý

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Kings Road Investments Ltd.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands, British West Indies

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

2



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Polygon Global Opportunities Master Fund

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands, British West Indies

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

3



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Polygon Investments Ltd.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Cayman Islands, British West Indies

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

4



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Polygon Investment Management Limited

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United Kingdom

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

5



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Polygon Investment Partners LLP

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United Kingdom

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

6



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Polygon Investment Partners LP

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

7



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Polygon Investment Partners GP, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

8



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Reade E. Griffith

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

9



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Alexander E. Jackson

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

10



 

CUSIP No. 282914100

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Patrick G. G. Dear

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United Kingdom

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
3,609,186 (See Item 4(a))

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
3,609,186 (See Item 4(a))

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,609,186

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.6%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

11



 

Item 1(a).

 

Name of Issuer:

 

 

 

 

 

8x8, Inc. (“8x8”)

 

 

 

Item 1(b).

 

Address of Issuer’s Principal Executive Offices:

 

 

 

 

 

3151 Jay Street, Santa Clara, California 95054

 

 

 

Item 2(a).

 

Name of Person Filing

Item 2(b).

 

Address of Principal Business Office

Item 2(c).

 

Citizenship

 

 

 

 

 

This Schedule 13G is filed on behalf of Kings Road Investments Ltd., Polygon Global Opportunities Master Fund, Polygon Investments Ltd., Polygon Investment Management Limited, Polygon Investment Partners LLP, Polygon Investment Partners LP, Polygon Investment Partners GP, LLC, Mr. Reade E. Griffith, Mr. Alexander E. Jackson and Mr. Patrick G. G. Dear (the “Reporting Persons”).

 

 

 

 

 

Kings Road Investments Ltd. (“KRIL”)

 

 

c/o Polygon Investment Partners LP

 

 

598 Madison Avenue

 

 

14th Floor

 

 

New York, New York 10022

 

 

Citizenship: Cayman Islands, British West Indies

 

 

 

 

 

Polygon Global Opportunities Master Fund (the “Master Fund”)

 

 

c/o Polygon Investment Partners LLP

 

 

10 Duke of York Square

 

 

London SW3 4LY

 

 

United Kingdom

 

 

Citizenship: Cayman Islands, British West Indies

 

 

 

 

 

Polygon Investments Ltd. (the “Investment Manager”)

 

 

c/o Polygon Investment Partners LLP

 

 

10 Duke of York Square

 

 

London SW3 4LY

 

 

United Kingdom

 

 

Citizenship: Cayman Islands, British West Indies

 

 

 

 

 

Polygon Investment Management Limited (“PIML”)

 

 

c/o Polygon Investment Partners LLP

 

 

10 Duke of York Square

 

 

London SW3 4LY

 

 

United Kingdom

 

 

Citizenship: United Kingdom

 

 

 

 

 

Polygon Investment Partners LLP (the “UK Investment Manager”)

 

 

10 Duke of York Square

 

 

London SW3 4LY

 

 

United Kingdom

 

 

Citizenship: United Kingdom

 

12



 

 

 

Polygon Investment Partners LP (the “US Investment Manager”)

 

 

598 Madison Avenue

 

 

14th Floor

 

 

New York, New York 10022

 

 

Citizenship: Delaware

 

 

 

 

 

Polygon Investment Partners GP, LLC (the “General Partner”)

 

 

c/o Polygon Investment Partners LP

 

 

598 Madison Avenue

 

 

14th Floor

 

 

New York, New York 10022

 

 

Citizenship: Delaware

 

 

 

 

 

Reade E. Griffith (“Mr. Griffith”)

 

 

c/o Polygon Investment Partners LLP

 

 

10 Duke of York Square

 

 

London SW3 4LY

 

 

United Kingdom

 

 

Citizenship: United States

 

 

 

 

 

Alexander E. Jackson (“Mr. Jackson”)

 

 

c/o Polygon Investment Partners LP

 

 

598 Madison Avenue

 

 

14th Floor

 

 

New York, New York 10022

 

 

Citizenship: United States

 

 

 

 

 

Patrick G. G. Dear (“Mr. Dear”)

 

 

c/o Polygon Investment Partners LLP

 

 

10 Duke of York Square

 

 

London SW3 4LY

 

 

United Kingdom

 

 

Citizenship: United Kingdom

 

 

 

Item 2(d).

 

Title of Class of Securities:

 

 

 

 

 

Common stock, par value $.001 per share, of 8x8 (“Common Stock”).

 

 

 

Item 2(e).

 

The Common Stock has the following CUSIP number: 282914100.

 

 

 

Item 3.

 

Not Applicable.

 

 

 

Item 4(a).

 

Amount Beneficially Owned:

 

 

 

 

 

As of December 31, 2005, each Reporting Person may be deemed to be beneficial owner of (i) 2,716,329 shares of Common Stock held by KRIL (the “Purchased Shares”) and (ii) 892,857 shares of Common Stock issuable to KRIL pursuant to a Warrant (the “Warrant”).

 

 

 

Item 4(b).

 

Percent of Class:

 

 

 

 

 

6.6%

 

13



 

Item 4(c).

 

Number of shares as to which Reporting Persons have:

 

 

 

 

 

(i)

 sole power to vote or direct the vote: 0

 

 

(ii) 

shared power to vote or to direct the vote: 3,609,186

 

 

(iii)

 the sole power to dispose of or to direct the disposition of: 0

 

 

(iv) 

shared power to dispose of or to direct the disposition of: 3,609,186

 

 

 

 

 

The Purchased Shares and the Warrant are directly held by KRIL.  KRIL is a wholly-owned subsidiary of the Master Fund.  The Investment Manager, UK Investment Manager, the US Investment Manager, PIML and the General Partner have voting and depository control over securities owned by KRIL and the Master Fund. Messrs. Griffith, Dear and Jackson control the Investment Manager, the UK Investment Manager, the US Investment Manager, PIML and the General Partner.

 

 

 

Item 5.

 

Ownership of Five Percent or Less of a Class

 

 

 

 

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o

 

 

 

Item 6.

 

Ownership of More than Five Percent on Behalf of another Person

 

 

 

 

 

Not Applicable.

 

 

 

Item 7.

 

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 

 

 

 

 

Not Applicable.

 

 

 

Item 8.

 

Identification and Classification of Members of the Group.

 

 

 

 

 

See Exhibit 1.

 

 

 

Item 9.

 

Notice of Dissolution of the Group.

 

 

 

 

 

Not Applicable.

 

 

 

Item 10.

 

Certification.

 

 

 

 

 

By signing below each of the undersigned certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

14



 

SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Date: February 14, 2006

KINGS ROAD INVESTMENTS LTD.

 

 

 

By Polygon Investment Partners LLP, its investment manager

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

Date: February 14, 2006

POLYGON GLOBAL OPPORTUNITIES MASTER FUND

 

 

 

By Polygon Investment Partners LLP, its investment manager

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

Date: February 14, 2006

POLYGON INVESTMENTS LTD.

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

Date: February 14, 2006

POLYGON INVESTMENT MANAGEMENT LIMITED

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

Date: February 14, 2006

POLYGON INVESTMENT PARTNERS LLP

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

 

15



 

Date: February 14, 2006

POLYGON INVESTMENT PARTNERS LP

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

Date: February 14, 2006

POLYGON INVESTMENT PARTNERS GP, LLC

 

 

 

 

 

By

 /s/ Patrick G. G. Dear

 

Name: Patrick G. G. Dear

 

Title: Principal

 

 

 

 

Date: February 14, 2006

 

 /s/ Reade E. Griffith

 

Reade E. Griffith

 

 

 

 

 

 

Date: February 14, 2006

 

 /s/ Alexander E. Jackson

 

Alexander E. Jackson

 

 

 

 

 

 

Date: February 14, 2006

 

 /s/ Patrick G. G. Dear

 

Patrick G. G. Dear

 

16



 

Exhibit Index

 

Exhibit 1  Identification of Members of the Group.

 

17