ChannelAdvisor Corporation announced Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.