eGAIN CORPORATION (NASDAQ:EGAN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain
Officers.

On February24, 2017, the Board of Directors (the Board) of eGain
Corporation (the Company) appointed Christine Russell as a
director. Ms.Russells appointment was made upon the
recommendation of the Nominating Committee of the Board.
Ms.Russell was appointed to the Audit Committee of the Board.

Ms.Russell, 67, has served as the Chief Financial Officer of
UniPixel, a high-tech engineered film company whose products
include touch-screen films, since May2015. Since 2005, Ms.Russell
has served on the board of Quicklogic Corporation, including as
its audit committee chairman since 2006. From May2014 to
March2015, she served as CFO of Vendavo,Inc., a pricing
optimization enterprise software company, which was sold in late
2014 to a private equity firm. From May2009 to October2013,
Ms.Russell was Chief Financial Officer of Evans Analytical Group,
(EAG), a leading global provider of materials characterization
and microelectronic failure analysis and release to production
services. From June2006 to April2009, Ms.Russell was with Virage
Logic Corporation, a provider of advanced intellectual property
for the design of integrated circuits, where she served as
Execuitve Vice President of Business Development from
September2008 and as Chief Financial Officer from June2006 to
September2008. Ms.Russell served as Senior Vice President and
Chief Financial Officer of OuterBay Technologies,Inc., a database
archiving and data lifecycle management company, from May2005 to
February2006, when OuterBay was acquired by Hewlett-Packard
Company. From October2003 to May2005, Ms.Russell served as the
Chief Financial Officer of Ceva,Inc. a company specializing in
semiconductor intellectual property offering digital signal
processing cores and software. From October1997 to October2003,
Ms.Russell served as Chief Financial Officer of Persistence
Software,Inc., a company offering application server technology
for major financial institutions and enterprises. Prior to 1997,
Ms.Russell served in various senior financial management
positions with a variety of technology companies. Ms.Russell
holds a B.A. degree and M.B.A. degree from the University of
Santa Clara. Ms.Russell brings to the Companys Board public
company board experience and extensive experience in corporate
finance, accounting and operations, including as a public company
audit chair and CFO.

In connection with her appointment, Ms.Russell is entitled to
enter into the Companys standard form indemnification agreement,
and will be entitled to receive the same equity compensation paid
by the Company to its non-employee directors, as described in the
Companys proxy statement for its 2016 Annual Meeting of
Stockholders filed on October3, 2016. As her initial equity
award, on February24, 2017, the Board granted Ms.Russell an
option to purchase 50,000 shares of the Companys common stock,
exercisable at $1.80 per share, that vests monthly over four
years. Ms.Russell will also be entitled to receive a $50,000
annual fee for her service on the Board, paid quarterly.

On February24, 2017, David S. Scott resigned as a director of the
Company.

Item 9.01. Financial Statements and
Exhibits.

About eGAIN CORPORATION (NASDAQ:EGAN)

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company offers eGain solution, which is designed for B2C businesses to do business with their customers. The Company offers eGain OpenCEH, which is an engagement hub platform. The eGain suite includes Mobile applications; Social applications; Web applications; Desktop applications; Management applications and analytics; Messaging applications; eGain OpenCEH, and eGain Connectors. It provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity.

eGAIN CORPORATION (NASDAQ:EGAN) Recent Trading Information

eGAIN CORPORATION (NASDAQ:EGAN) closed its last trading session down -0.10 at 1.80 with 18,554 shares trading hands.