Pegasystems Inc. Files 8-K on Director and Officer Changes
Ticker: PEGA · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1013857
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
PegaSys board shakeup and comp changes filed. Watch for new strategy.
AI Summary
On January 16, 2025, Pegasystems Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates a shift in corporate governance and potential adjustments to how key personnel are compensated.
Why It Matters
Changes in board composition and executive compensation can signal strategic shifts or reflect responses to performance, impacting investor confidence and future company direction.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect future performance or strategy.
Key Players & Entities
- Pegasystems Inc. (company) — Registrant
- January 16, 2025 (date) — Date of earliest event reported
- Massachusetts (location) — State of incorporation
- 04-2787865 (organization_id) — IRS Employer Identification No.
- 225 Wyman Street, Waltham, MA 02451 (address) — Principal executive offices
- 617-374-9600 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors?
The filing indicates "Departure of Directors or Certain Officers; Election of Directors" as an item of information, suggesting changes in board composition.
What is the nature of the changes in compensatory arrangements?
The filing lists "Compensatory Arrangements of Certain Officers" as an item of information, indicating that there have been adjustments or new details regarding executive pay.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated January 16, 2025.
What is Pegasystems Inc.'s principal executive office address?
The principal executive offices are located at 225 Wyman Street, Waltham, MA 02451.
What is the SIC code for Pegasystems Inc.?
The Standard Industrial Classification (SIC) code for Pegasystems Inc. is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 998 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2025-01-21 09:03:26
Key Financial Figures
- $125,000 — n's common stock fully vested valued at $125,000 and a grant of fully vested ten year no
- $50,000 — d (ii) a cash retainer in the amount of $50,000, also subject to Proration. The Corpo
Filing Documents
- pega-20250116.htm (8-K) — 29KB
- ex991to2025newdirector8-k.htm (EX-99.1) — 8KB
- pega_logo.jpg (GRAPHIC) — 70KB
- 0001013857-25-000008.txt ( ) — 257KB
- pega-20250116.xsd (EX-101.SCH) — 2KB
- pega-20250116_lab.xml (EX-101.LAB) — 21KB
- pega-20250116_pre.xml (EX-101.PRE) — 12KB
- pega-20250116_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit No. Description 99.1 Press release issued by the Corporation on January 21, 2025 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: January 21, 2025 By: /s/ Matthew J. Cushing Matthew J. Cushing Senior Vice President, Chief Commercial Officer, General Counsel and Secretary