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Share Name | Share Symbol | Market | Type |
---|---|---|---|
eGain Corporation | NASDAQ:EGAN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.23 | 3.60% | 6.62 | 6.30 | 6.51 | 6.67 | 6.35 | 6.35 | 122,057 | 22:14:33 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report:
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction | (Commission | (I.R.S. employer | |||
of incorporation) | File Number) | Identification Number) |
(Address of principal executive offices, including zip code)
(
(Registrant’s telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
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:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of exchange on which registered |
---|---|---|
The |
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 November 10, 2023, the Compensation Committee of the Board of Directors (the “Board”) of eGain Corporation (the “Company”) approved a variable annual cash compensation to executive officers of the Company based on 75% of target amounts. The compensation approved for fiscal year 2023 was (a) $75,000 for the Company’s Chief Executive Officer, Ashutosh Roy, (b) $97,500 for the Company’s Chief Financial Officer, Eric N. Smit, and (c) $67,500 for the Company’s Chief Technology Officer, Promod Narang. No changes were made to the executive officers’ base salaries or target variable compensation.
On November 10, 2023, the Board granted the following restricted stock units (“RSU”) to certain executive officers of the Company (excluding the Company’s Chief Executive Officer) under the Company’s Amended and Restated 2005 Stock Incentive Plan (the “Stock Plan”). Each RSU has a grant price of $6.57 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 November 15, 2024, subject to continued service with the Company.
Name, TitleRSUs
Eric N. Smit, Chief Financial Officer1,461
Promod Narang, Chief Technology Officer1,416
Item 8.01.Other Events.
On November 10, 2023, the Board approved the following grants of RSUs to its non-employee directors under the Stock Plan. Each RSU was granted at grant price of $6.57 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 November 15, 2024, subject to continued service with the Company.
Non-employee DirectorRSUs
Gunjan Sinha2,500
Phiroz P. Darukhanavala, Ph.D.2,500
Christine Russell2,500
Brett Shockley2,500
2
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: November 16, 2023 | eGain Corporation | |
By: | /s/ Eric N. Smit | |
Eric N. Smit Chief Financial Officer Principal Financial and Accounting Officer) |
3
Document and Entity Information |
Nov. 10, 2023 |
---|---|
Document and Entity Information [Abstract] | |
Document Type | 8-K |
Document Period End Date | Nov. 10, 2023 |
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 |
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