PEGASYSTEMS INC. Files 8-K for Regulation FD Disclosure
Ticker: PEGA · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1013857
Sentiment: neutral
Topics: disclosure, regulation-fd
TL;DR
PegaSystems filed an 8-K for a Reg FD disclosure - no major news yet.
AI Summary
On November 1, 2024, PEGASYSTEMS INC. filed an 8-K report. The filing primarily concerns Regulation FD Disclosure, indicating a public disclosure of material information. No specific financial transactions or material events beyond the disclosure itself are detailed in the provided text.
Why It Matters
This filing signals that PEGASYSTEMS INC. has made a public disclosure of material information, which could impact investor understanding of the company's current status.
Risk Assessment
Risk Level: low — The filing is a standard disclosure and does not contain information about significant financial events, strategic changes, or executive departures that would typically increase risk.
Key Players & Entities
- PEGASYSTEMS INC. (company) — Registrant
- 0001013857-24-000235 (document_id) — Accession Number
- November 1, 2024 (date) — Date of Report
- One Main Street, Cambridge, MA 02142 (address) — Principal executive offices
- 617-374-9600 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is for Regulation FD Disclosure, as indicated by the 'ITEM INFORMATION' section.
What is the exact date of the earliest event reported?
The date of the earliest event reported is November 1, 2024.
What is the company's principal executive office address?
The company's principal executive office address is One Main Street, Cambridge, MA 02142.
What is the company's telephone number?
The registrant's telephone number, including area code, is (617) 374-9600.
What is the Standard Industrial Classification (SIC) code for PEGASYSTEMS INC.?
The Standard Industrial Classification (SIC) code for PEGASYSTEMS INC. is 7374, which falls under SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 814 words · 3 min read · ~3 pages · Grade level 13.6 · Accepted 2024-11-01 16:09:59
Key Financial Figures
- $34.4 million — today announced that it had repurchased $34.4 million in original principal amount of the Com
- $98.50 — (the "Notes") at a discounted price of $98.50 per $100.00 in original principal amoun
- $100.00 — s") at a discounted price of $98.50 per $100.00 in original principal amount, plus accr
- $467.9 million — saction. Following the Note repurchase, $467.9 million in original principal amount of Notes r
Filing Documents
- pega-20241101.htm (8-K) — 25KB
- 0001013857-24-000235.txt ( ) — 145KB
- pega-20241101.xsd (EX-101.SCH) — 2KB
- pega-20241101_lab.xml (EX-101.LAB) — 21KB
- pega-20241101_pre.xml (EX-101.PRE) — 12KB
- pega-20241101_htm.xml (XML) — 3KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE Repurchase of Convertible Notes Pegasystems Inc. (the "Company") today announced that it had repurchased $34.4 million in original principal amount of the Company's 0.75% convertible senior notes due 2025 (the "Notes") at a discounted price of $98.50 per $100.00 in original principal amount, plus accrued but unpaid interest, in a privately negotiated transaction. Following the Note repurchase, $467.9 million in original principal amount of Notes remain outstanding. The Company may, from time to time, seek to retire or purchase additional outstanding Notes through cash purchases and/or exchanges for equity securities, in open market purchases, privately negotiated transactions, or otherwise. Such repurchases or exchanges, if any, will depend on prevailing market conditions, the Company's liquidity requirements, contractual restrictions, and other factors. The amounts involved in any such transactions, individually or in the aggregate, may be material. Further, any such purchases or exchanges may result in the Company acquiring and retiring a substantial amount of the Notes, which could impact the trading liquidity of the Notes, and any such purchases or exchanges may also affect the market price of the Company's common stock. Note Regarding Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the potential impact of Note repurchases on the market price of the Company's common stock and any future Note repurchase the Company may undertake. These statements are based on the Company's current plans and expectations and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Among the factors that could cause actual