UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
____________________
Progress Software Corporation
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission file number) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
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:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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:
| For | Against | Abstain | Broker Non-Votes | |||
| 33,954,507 | 2,699,061 | 68,079 | 2,771,744 |
Proposal 4 - The ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023:
| For | Against | Abstain | ||
| 37,384,799 | 2,044,726 | 63,866 |
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 | ||