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
Date of Report (Date of earliest event reported): July 1, 2015
Progress Software Corporation
(Exact name of registrant as specified in its charter)
Commission file number: 0-19417
Delaware | 04-2746201 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification no.) |
14 Oak Park
Bedford, Massachusetts 01730
(Address of principal executive offices, including zip code)
(781) 280-4000
(Registrant’s telephone number, including area code)
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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 1, 2015, Progress Software Corporation (the “Company”) announced that Jerry Rulli, President of the Company’s OpenEdge Business Unit, has been appointed to the newly-created position of Chief Operating Officer, effective immediately. As Chief Operating Officer, Mr. Rulli is now responsible for the alignment of business unit priorities, go-to-market strategies and ensuring operational excellence across the Company and he has assumed responsibility for driving the operations of the three Company business units. Mr. Rulli will continue to manage the OpenEdge Business Unit on a day-to-day basis, Michael Benedict, President, will continue to lead the Data Connectivity and Integration Business Unit, and Karen Tegan Padir, President will continue to lead Application Development and Deployment. Mr. Benedict and Ms. Padir now report to Mr. Rulli.
Mr. Rulli, age 58, joined the Company in August 2014 as President, OpenEdge Business Unit. Prior to that time, from June 2010 to May 2014, Mr. Rulli was Executive Vice President, Worldwide Sales at Iron Mountain. Prior to that time, from March 2004 until December 2009, Mr. Rulli was President, Americas Region at Infor Global Solutions.
There is no arrangement or understanding between Mr. Rulli and any other person pursuant to which Mr. Rulli was selected as an officer or director. There are no family relationships among any of our directors or executive officers. Mr. Rulli has not had an interest in any transaction since the beginning of the Company’s last fiscal year, or any currently proposed transaction, that requires disclosure pursuant to Item 404(a) of Regulation S-K.
A copy of the Company’s press release relating to the announcement described above, dated July 1, 2015, is furnished as Exhibit 99.1 to this Form 8-K.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description | |
99.1 | Press release issued by Progress Software Corporation dated July 1, 2015 | |
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.
Date: | July 1, 2015 | Progress Software Corporation | |
By: | /s/ CHRIS E. PERKINS | ||
Chris E. Perkins | |||
Senior Vice President, Finance and Administration and Chief Financial Officer | |||
P R E S S A N N O U N C E M E N T
Investor Contact: | Press Contact: | |
Brian Flanagan | Erica Burns | |
Progress Software | Progress Software | |
1 781 280 4817 | +1 888 365 2779 (x3135) | |
flanagan@progress.com | erica.burns@progress.com | |
Progress Appoints Jerry Rulli Chief Operating Officer
New role will strategically align business to continue growth trajectory
BEDFORD, MA, July 1, 2015 (BUSINESSWIRE) — Progress (NASDAQ: PRGS), a global software company that simplifies and enables the development, deployment and management of business applications, today announced that Jerry Rulli, president, OpenEdge Business Unit, has been appointed Chief Operating Officer. As Chief Operating Officer, Rulli will be responsible for the alignment of business unit priorities, go-to-market strategies and ensuring operational excellence across the company. Rulli will continue to report to Phil Pead, President and CEO.
Effective immediately, Rulli will assume responsibility for driving the operations of the three Progress business units. Rulli will continue to manage OpenEdge on a day-to-day basis, Michael Benedict, president, will continue to lead Data Connectivity and Integration, and Karen Tegan Padir, president, will continue to lead Application Development and Deployment. Benedict and Padir will now report to Rulli.
"Jerry is a seasoned and trusted leader who consistently delivers results. He brings a diverse set of leadership skills, extensive operational expertise and a track record of success that we will leverage across the company," said Pead. "I have tremendous confidence in Jerry’s ability to align the priorities of the three Progress business units in a way that leverages our market leadership position and strong customer base."
Rulli joined Progress in August 2014 as President, OpenEdge Business Unit, and in that capacity, has led the company’s flagship business through three quarters of solid growth. Rulli has also been instrumental in expanding Progress partner programs and international presence and in leveraging the services capabilities acquired as part of the BravePoint acquisition to provide partners with a path to modernization. Rulli has more than thirty years of experience in the software and technology industry, having served in executive positions at Iron Mountain and Infor.
"The strategy and future direction for Progress have never been more compelling. We have won the hearts and minds of our customers and our base is growing exponentially," said Rulli. "I am incredibly energized to help lead the company to its next phase of innovation fueled by operational excellence."
Progress
Progress (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress can be reached at www.progress.com or 1-781-280-4000.
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