On September 6, 2017, the board of directors of Ooma, Inc. appointed Mr. Peter Goettner to serve on the audit committee of the Board effective immediately. Also, effective as of September 6, 2017, Mr. William Pearce ceased to serve on the audit committee of the Board, but he will continue to serve as lead non-management director of the Board and as chairperson of the compensation committee of the Board. The Board determined that in light of Mr. Pearce’s role as the lead non-management director and as a member of the compensation committee, it was in the best interests of the company and its stockholders to restructure the composition of the audit committee and appoint Mr. Goettner to replace Mr. Pearce on the audit committee. The Board also determined that Mr. Goettner is independent within the meaning of the Securities Exchange Act of 1934, as amended, and the New York Stock Exchange rules.
Ooma, Inc. is a smart communications platform for businesses and consumers. The Company creates connected experiences for businesses, consumers, and service providers, delivered through smart cloud-based communications platforms and services. For businesses of all sizes, it delivers advanced voice and collaboration features, including messaging, intelligent virtual attendants, and video conferencing. It offers a range of solutions to fit each business needs, along with personalized support to resolve any issues in deploying and maintaining Ooma services. The Company's solutions include Ooma Office, Ooma Enterprise, Ooma AirDial and OnSIP collectively as Ooma Business. Ooma Office is a cloud-based multi-user communications system for small and medium-sized businesses designed to manage communications in and out of the office. Ooma Office Pro offers HD video conferencing (Ooma Meetings), call recording, call analytics and caller info match, among others.