Pegasystems Inc. Files 8-K on Director Changes and Compensation
Ticker: PEGA · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1013857
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: PEGA
TL;DR
Pega Systems updated its board and exec comp. Nothing earth-shattering, but good to know.
AI Summary
On March 5, 2024, Pegasystems Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information on the departure of certain officers and the election of new directors, alongside details regarding compensatory arrangements for key personnel. This report is a standard disclosure for significant corporate governance events.
Why It Matters
This filing provides insight into the company's leadership structure and executive pay, which can influence investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance changes and does not indicate any immediate financial distress or significant operational shifts.
Key Players & Entities
- Pegasystems Inc. (company) — Registrant
- March 5, 2024 (date) — Earliest event reported
- One Main Street, Cambridge, MA 02142 (location) — Principal executive offices
FAQ
What specific items are covered in this 8-K filing by Pegasystems Inc.?
This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on March 5, 2024.
What is the exact name of the Registrant?
The exact name of the Registrant is PEGASYSTEMS INC.
What is the address of Pegasystems Inc.'s principal executive offices?
The address of Pegasystems Inc.'s principal executive offices is One Main Street, Cambridge, MA 02142.
What is the telephone number for Pegasystems Inc.?
The telephone number for Pegasystems Inc. is (617) 374-9600.
Filing Stats: 595 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-03-11 17:13:25
Key Financial Figures
- $1,598,500 — ts for Executive Officers is the sum of $1,598,500 and 193,000. Leon Trefler, Chief of Cli
- $410,000 — also eligible for sales commissions of $410,000 and 180,000, respectively. The forego
Filing Documents
- pega-20240305.htm (8-K) — 26KB
- ex991to2024execcomp8-k.htm (EX-99.1) — 10KB
- 0001013857-24-000063.txt ( ) — 157KB
- pega-20240305.xsd (EX-101.SCH) — 2KB
- pega-20240305_lab.xml (EX-101.LAB) — 21KB
- pega-20240305_pre.xml (EX-101.PRE) — 12KB
- pega-20240305_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit No. Description 99.1 202 4 Executive Officers Base Salaries and Target Bonus Percentages and Incentives 104 Cover Page Interactive Data File (formatted as Inline XBRL) SIGNATURE 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 thereunto duly authorized. Pegasystems Inc. Dated: March 11, 2024 By: /s/ Matthew J. Cushing Matthew J. Cushing Vice President, Chief Commercial Officer, General Counsel and Secretary