Progress Software Files 8-K on Shareholder Vote Matters
Ticker: PRGS · Form: 8-K · Filed: May 10, 2024 · CIK: 876167
Sentiment: neutral
Topics: corporate-governance, shareholder-vote
Related Tickers: PRGS
TL;DR
PRGS filed an 8-K about a shareholder vote - details TBD.
AI Summary
On May 9, 2024, Progress Software Corp. filed an 8-K report detailing a submission of matters to a vote of security holders. The filing does not contain specific details about the proposals or the outcome of any vote, but it indicates a formal process involving shareholder decisions.
Why It Matters
This filing signals that Progress Software is engaging in a formal process requiring shareholder approval for certain corporate actions, which could impact the company's direction or governance.
Risk Assessment
Risk Level: low — The filing is procedural and does not disclose any immediate financial or operational risks.
Key Players & Entities
- Progress Software Corp. (company) — Registrant
- 0001552781-24-000304 (filing_id) — Accession Number
- May 9, 2024 (date) — Date of Report
FAQ
What specific matters were submitted for a vote of security holders?
The filing does not specify the exact matters submitted for a vote, only that such a submission occurred.
When was the earliest event reported in this filing?
The earliest event reported was on May 9, 2024.
What is the company's state of incorporation?
Progress Software Corp. is incorporated in Delaware.
What is the company's principal executive office address?
The principal executive offices are located at 15 Wayside Road, Suite 400, Burlington, Massachusetts 01803.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number is 04-2746201.
Filing Stats: 686 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-05-10 08:30:31
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share PRGS The Nasdaq S
Filing Documents
- e24238_prgs-8k.htm (8-K) — 40KB
- 0001552781-24-000304.txt ( ) — 213KB
- prgs-20240509.xsd (EX-101.SCH) — 3KB
- prgs-20240509_lab.xml (EX-101.LAB) — 34KB
- prgs-20240509_pre.xml (EX-101.PRE) — 22KB
- e24238_prgs-8k_htm.xml (XML) — 4KB
07. Submission of Matters to a Vote of Security Holders
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: Fo
Signatures
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