UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective on September 30, 2024, Promod Narang will transition from his role as Chief Technology Officer of eGain Corporation (the “Company”) and will no longer be a Section 16 reporting officer.
Effective on September 30, 2024, the Company appointed Rao J. Chandrasekhar (also known as J.C. Rao) to serve as the Company’s Senior Vice President, Products and Services. J.C. Rao joined the Company in August 1999 and has served in a variety of roles, including as Senior Vice President, Services, Support, and Operations since November 2022, and prior to that, other leadership roles in product management and engineering. J.C. Rao earned his Bachelor of Technology from Indian Institute of Technology Madras and M.S. from the University of Texas, Austin.
On September 30, 2024, the Compensation Committee of the Board of Directors of the Company approved a variable annual cash compensation for certain of its executive officers based on 60% of target amounts. The compensation approved for the fiscal year ended June 30, 2024 was (a) $78,000 for Eric N. Smit, the Company’s Chief Financial Officer, and (b) $54,000 for Promod Narang, the Company’s former Chief Technology Officer. No changes were made to such executive officers’ base salaries.
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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.
Date: October 4, 2024 | eGain Corporation | |
By: | /s/ Eric N. Smit | |
Eric N. Smit Chief Financial Officer |
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