---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008808"
form_type: "8-K"
ticker: "EGAN"
cik: "0001066194"
company_name: "EGAIN Corp"
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:04:11.347556+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# eGain increases stock repurchase program by $20M to $40M total, extends indefinitely

## Summary
- Board approved $20M increase in repurchase program to $40M aggregate authorization.
- As of May 23, 2024, eGain had repurchased ~$19.3M, leaving ~$20.7M available after increase.
- Program extended until earlier of full repurchase or board termination; no expiration date now.
- CEO Ashu Roy cited strong balance sheet and belief that shares are undervalued.
- Repurchases to be funded from existing cash or future cash flows; no obligation to buy specific number.

## SEC filing metadata
- accession: 0001558370-24-008808
- form_type: 8-K
- ticker: EGAN
- cik: 0001066194
- company_name: EGAIN Corp
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1066194/000155837024008808/0001558370-24-008808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1066194/000155837024008808/egan-20240524x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008808
- JSON: https://secwatch.observer/filing/0001558370-24-008808.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008808.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.