UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Title of each class | Trading Symbol(s) | Name of exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On December 9, 2024, the Compensation Committee of the Board of Directors (the “Board”) of eGain Corporation (the “Company”) approved a variable annual cash compensation for Ashutosh Roy, the Company’s Chief Executive Officer, based on 60% of the target amount. The compensation approved for the fiscal year ended June 30, 2024 was $60,000 for Mr. Roy. No changes were made to Mr. Roy’s base salary.
On December 9, 2024, the Board granted the following options to purchase common stock to certain executive officers of the Company under the Company’s Amended and Restated 2005 Stock Incentive Plan. Each such option has an exercise price of $5.71 per share, the closing price of the Company’s common stock on the Nasdaq Capital Market on the date of grant, and will vest on September 1, 2025, subject to continued service with the Company.
Name, TitleShares Subject to Option
Ashutosh Roy, Chief Executive Officer20,000
Eric N. Smit, Chief Financial Officer26,000
Rao J. Chandrasekhar, Senior Vice President, Products and Services15,000
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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 thereunto duly authorized.
Date: December 12, 2024 | eGain Corporation | |
By: | /s/ Eric N. Smit | |
Eric N. Smit Chief Financial Officer |
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Document and Entity Information |
Dec. 09, 2024 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Dec. 09, 2024 |
| Entity File Number | 001-35314 |
| Entity Registrant Name | eGain Corporation |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 77-0466366 |
| Entity Address, Address Line One | 1252 Borregas Avenue |
| Entity Address, City or Town | Sunnyvale |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 94089 |
| City Area Code | 408 |
| Local Phone Number | 636-4500 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $0.001 per share |
| Trading Symbol | EGAN |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0001066194 |
| Amendment Flag | false |