Effective March 9, 2013, Mitchell Levy resigned from the Board of Directors of Rainmaker Systems Inc. Mr. Levy's decision to resign was by mutual agreement with the Board, is for personal reasons and is not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices. Effective March 9, 2013, the Board also appointed Brad Peppard as Chairman of the Board. Mr. Peppard has served on the company's Board since 2004.