MODEL N, INC. (NASDAQ:MODN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b)

Effective November 15, 2016, Zack Rinat has re-assumed
the role of Chief Executive Officer on an interim basis
to replace Edward Sander, who will be leaving the company
and resigning from the board of directors effective
November 18, 2016. Mr. Rinat is Model Ns founder and has
served as the Chairman of the board of directors since
the companys inception in December 1999. Mr. Rinat also
served as the companys Chief Executive Officer from
December 1999 to February 2016 and as Executive Chairman
since February 2016. In connection with his service as
Chief Executive Officer, Mr. Rinat will receive an annual
base salary of $1.00.