Form 8-K - Current report
10 Mai 2024 - 2:30PM
Edgar (US Regulatory)
false
0000876167
PROGRESS SOFTWARE CORP /MA
0000876167
2024-05-09
2024-05-09
iso4217:USD
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iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
____________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
May
9, 2024
Date
of Report (Date of earliest event reported)
____________________
Progress
Software Corporation
PROGRESS SOFTWARE CORP /MA
(Exact
name of registrant as specified in its charter)
Delaware |
0-19417 |
04-2746201 |
(State or other jurisdiction of incorporation or organization) |
(Commission file number) |
(I.R.S. Employer Identification No.) |
15
Wayside Road, Suite 400
Burlington,
Massachusetts 01803
(Address
of principal executive offices, including zip code)
(781) 280-4000
(Registrant’s
telephone number, including area code)
Not
applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐ |
Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common
Stock, $0.01 par value per share |
PRGS |
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 9, 2024, at the 2024 Annual Meeting of Stockholders
of Progress Software Corporation (the "Company"), the Company’s stockholders voted on the following five matters and cast
their votes as described below:
| (1) | The election of nine members to the Board of Directors of the Company to serve until the Company’s
2025 Annual Meeting of Stockholders; |
| (2) | The approval, on an advisory basis, of the compensation of the Company’s named executive officers
for the fiscal year ended November 30, 2023;
|
| (3) | The approval of an increase in the number of shares authorized for issuance under the 2008 Stock Option
and Incentive Plan, as amended and restated; and |
| (4) | The ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered
public accounting firm for fiscal year 2024. |
The following is a summary of the voting results
for each matter presented to the stockholders:
Proposal 1 - Election of Directors:
|
|
Total Vote
For
Each Director |
|
Total Vote
Withheld From
Each Director |
|
Broker Non-Votes |
Paul T. Dacier |
|
33,479,775 |
|
3,241,872 |
|
2,771,744 |
John R. Egan |
|
33,366,842 |
|
3,354,805 |
|
2,771,744 |
Rainer Gawlick |
|
36,570,113 |
|
151,534 |
|
2,771,744 |
Yogesh Gupta |
|
35,994,428 |
|
727,219 |
|
2,771,744 |
Charles F. Kane |
|
33,811,288 |
|
2,910,359 |
|
2,771,744 |
Samskriti Y. King |
|
36,578,218 |
|
143,429 |
|
2,771,744 |
David A. Krall |
|
34,950,635 |
|
1,771,012 |
|
2,771,744 |
Angela T. Tucci |
|
36,480,076 |
|
241,571 |
|
2,771,744 |
Vivian Vitale |
|
34,729,991 |
|
1,991,656 |
|
2,771,744 |
Proposal 2 - Approval, on an advisory basis, of the compensation
of the Company’s named executive officers for the fiscal year ended November 30, 2023:
For |
|
Against |
|
Abstain |
|
Broker
Non-Votes |
35,523,816 |
|
1,133,475 |
|
64,356 |
|
2,771,744 |
Proposal 3 - Approval of an increase in the number of shares authorized
for issuance under the 2008 Stock Option and Incentive Plan, as amended and restated:
For |
|
Against |
|
Abstain |
|
Broker
Non-Votes |
33,954,507 |
|
2,699,061 |
|
68,079 |
|
2,771,744 |
Proposal 4 - The ratification of Deloitte & Touche LLP as the
Company’s independent registered public accounting firm for fiscal year 2023:
For |
|
Against |
|
Abstain |
37,384,799 |
|
2,044,726 |
|
63,866 |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
Progress Software
Corporation |
Date: May 10, 2024 |
|
|
|
By: |
/s/
YUFAN STEPHANIE WANG |
|
|
YuFan Stephanie Wang |
|
|
Chief Legal Officer and
Secretary |
v3.24.1.1.u2
Cover
|
May 09, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
May 09, 2024
|
Entity File Number |
0-19417
|
Entity Registrant Name |
PROGRESS SOFTWARE CORP /MA
|
Entity Central Index Key |
0000876167
|
Entity Tax Identification Number |
04-2746201
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
15
Wayside Road
|
Entity Address, Address Line Two |
Suite 400
|
Entity Address, City or Town |
Burlington
|
Entity Address, State or Province |
MA
|
Entity Address, Postal Zip Code |
01803
|
City Area Code |
(781)
|
Local Phone Number |
280-4000
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common
Stock, $0.01 par value per share
|
Trading Symbol |
PRGS
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
false
|
Entity Information, Former Legal or Registered Name |
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