ServiceSource International, Inc. (NASDAQ:SREV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ServiceSource International, Inc. (NASDAQ:SREV) 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.

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On August 16, 2017, Steve Cakebread notified ServiceSource International, Inc. (the “Company”) of his intention to resign from the Company’s Board of Directors effective December 31, 2017. Mr. Cakebread will assist with the search for his replacement, and will continue to serve as chair of the Company’s Audit Committee through his resignation date or, if earlier, until his successor is appointed. Mr. Cakebread does not have any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, and is resigning due to personal reasons.

The Board of Directors thanks Mr. Cakebread for his service to the Company since 2011.


About ServiceSource International, Inc. (NASDAQ:SREV)

ServiceSource International, Inc. (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel. Its solutions are based on solutions in the Revenue Lifecycle category. The components of its cloud solution consist of a suite of managed services and cloud technologies, and include ServiceSource Revenue Analytics, Renew OnDemand and ServiceSource Customer Success. Its managed services include renewal selling services, up-sell and cross-sell services, enablement and quoting services, warranty services, customer success services and onboarding services.

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