Satish Bhagavatula, chief technology officer and chief information officer informed Crexendo, Inc. that he is resigning from both positions effect July 31, 2015. Mr. Bhagavatula has agreed to remain with the company as an employee until at least December 31, 2015 to assist in completing projects he has been working on and to transition his roles to others. Mr. Bhagavatula is intending to commence a consulting practice, the company will discuss retaining Mr. Bhagavatula as a consultant after his employment terminates, although no such agreement has been made.

The company intends to promote engineers to assume Mr. Bhagavatula's responsibilities but does not have a present intention to replace the positons of CIO and CTO.