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<title>prgs-20220307</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl80L2ZyYWc6Mjc1NjBlYmQ2MjBmNDE5MWJjODM5MmE2YTAwNGI3ZDUvdGFibGU6NzQ5NjFkOTFjNDA4NGRlZTk4MjhkZjM4N2E2MTQ5NWUvdGFibGVyYW5nZTo3NDk2MWQ5MWM0MDg0ZGVlOTgyOGRmMzg3YTYxNDk1ZV8xLTEtMS0xLTMwMjc0_e33f11f9-5beb-4123-966e-8edc62106715">0000876167</ix:nonNumeric><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:AmendmentFlag" 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xlink:href="prgs-20220307.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000876167</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-03-07</xbrli:startDate><xbrli:endDate>2022-03-07</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i71d422687d024512a7490606596c9be6_1"></div><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:3pt;text-align:center"><span><br/></span></div><div style="-sec-extract:summary;margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:150.00pt"><tr><td style="width:1.0pt"></td><td style="width:148.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ4MA_6ca1f6c7-cd14-4fd6-895e-6554707fba6b">8-K</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section&#160;13 OR 15(d) of the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xNzg_813aafbb-e09b-4343-ae77-9583f053484b">March 7, 2022</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported)</span></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:150.00pt"><tr><td style="width:1.0pt"></td><td style="width:148.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%">Progress Software Corporation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="margin-top:4pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:9pt;text-align:center"><table 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(I.R.S. Employer Identification No.)</span></td></tr></table></div><div style="margin-top:4pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ4NA_bde84412-db41-429e-ad99-582b8b2ae1d6">14 Oak Park</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ4NQ_6d868e2f-3af3-49ae-ace3-914b577ff2e5">Bedford</ix:nonNumeric>, <ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ4Mg_35ecc934-40ee-4d39-a22a-9c78980a1d32">Massachusetts</ix:nonNumeric> <ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ4Mw_81c68eb6-ca4e-4a27-99ca-b27f9db6285e">01730</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Address of principal executive offices, including zip code)</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ3OA_0a920044-f80f-4a56-a55d-0dc5039142b3">781</ix:nonNumeric>)&#160;<ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ3OQ_a06cac19-f0bb-457c-aa5d-4f43da633a93">280-4000</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Registrant&#8217;s telephone number, including area code)</span></div><div 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Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:0.1%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:95.972%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGFibGU6YTUxZjM2OTZhZjA0NDQ0ZWFkN2ZiMDQ3YzljM2RlNDcvdGFibGVyYW5nZTphNTFmMzY5NmFmMDQ0NDRlYWQ3ZmIwNDdjOWMzZGU0N18wLTAtMS0xLTMwMjc0_b400d339-ab92-4811-ad4e-f930c5bca0ea">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:0.1%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:95.972%"></td><td 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Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:0.1%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:95.972%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGFibGU6ZGJiMmNlZWFkNjdjNDEwZjlhM2IyMWRmZjRkYWMzOTkvdGFibGVyYW5nZTpkYmIyY2VlYWQ2N2M0MTBmOWEzYjIxZGZmNGRhYzM5OV8wLTAtMS0xLTMwMjc0_63b79d23-8590-4036-83d3-22a32edcb41c">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:36.235%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.229%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGFibGU6YzlmNjA3MDMwZGQ4NDJhNjk4N2M1NzYyMTc0YWVmNDMvdGFibGVyYW5nZTpjOWY2MDcwMzBkZDg0MmE2OTg3YzU3NjIxNzRhZWY0M18xLTAtMS0xLTMwMjc0_4c444b84-70b5-4c6b-9741-69cea9d3b41e">Common Stock, $0.01 par value per share</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGFibGU6YzlmNjA3MDMwZGQ4NDJhNjk4N2M1NzYyMTc0YWVmNDMvdGFibGVyYW5nZTpjOWY2MDcwMzBkZDg0MmE2OTg3YzU3NjIxNzRhZWY0M18xLTEtMS0xLTMwMjc0_8c294a9f-86a6-4847-ab8b-2d53c9e915fe">PRGS</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGFibGU6YzlmNjA3MDMwZGQ4NDJhNjk4N2M1NzYyMTc0YWVmNDMvdGFibGVyYW5nZTpjOWY2MDcwMzBkZDg0MmE2OTg3YzU3NjIxNzRhZWY0M18xLTItMS0xLTMwMjc0_89d2b059-314c-4a31-a0f7-22a4a3d335be">The Nasdaq Stock Market LLC</ix:nonNumeric></span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Indicate&#160;by&#160;check&#160;mark&#160;whether&#160;the&#160;registrant&#160;is&#160;an&#160;emerging&#160;growth&#160;company&#160;as&#160;defined&#160;in&#160;Rule&#160;405&#160;of&#160;the&#160;Securities&#160;Act&#160;of  1933&#160;(&#167;230.405 of&#160;this&#160;chapter)&#160;or&#160;Rule&#160;12b-2&#160;of&#160;the&#160;Securities&#160;Exchange&#160;Act&#160;of&#160;1934&#160;(&#167;240.12b-2&#160;of&#160;this&#160;chapter).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Emerging growth company    </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i3290bcdd57544c5e9f48dee52fad0576_D20220307-20220307" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcxZDQyMjY4N2QwMjQ1MTJhNzQ5MDYwNjU5NmM5YmU2L3NlYzo3MWQ0MjI2ODdkMDI0NTEyYTc0OTA2MDY1OTZjOWJlNl8xL2ZyYWc6MDEwN2I2MzdjMGVlNDliYWJiYTA3YTJiNWJiMTU2ZDUvdGV4dHJlZ2lvbjowMTA3YjYzN2MwZWU0OWJhYmJhMDdhMmI1YmIxNTZkNV8xMDQ4Ng_e80ea9df-81e1-42e8-9f94-812581e7b6f2">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">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. </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 2.02 Results of Operations and Financial Condition</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">Progress Software Corporation (&#8220;Progress&#8221; or the &#8220;Company&#8221;) expects revenue and earnings per share for its fiscal quarter ended February 28, 2022, to exceed the high end of its guidance range announced on January 18, 2022.  Final results for the quarter will not be available until the Company&#8217;s normal quarter-end review procedures are completed.  Progress expects to report its final fiscal quarter results on March 29, 2022.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The information contained in this Item 2.02 shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 5.02 Departure of Directors or Principal Officers&#894; Election of Directors&#894; Appointment of Principal Officers&#894; Compensatory Arrangements of Certain Officers</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">On March 5, 2022, Gary Quinn, Executive Vice President, Sales and Sales Operations, Enterprise Application Experience, informed Progress of his decision to resign from the Company, effective as of April 8, 2022, to pursue other interests.  Mr. Quinn&#8217;s resignation is not due to any disagreement with Progress or any matters relating to the Company&#8217;s operations or financial performance. </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:4.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:49.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.872%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">March 10, 2022</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Progress Software Corporation</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Stephen H. Faberman</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stephen H. Faberman</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Legal Officer</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>
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prgs-20220307
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
March 7, 2022
Date of Report (Date of earliest event reported)
Progress Software Corporation
(Exact name of registrant as specified in its charter)
Delaware
0-19417
04-2746201
(State or other jurisdiction of incorporation or organization)
(Commission file number)
(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)
Not applicable
(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
Common Stock, $0.01 par value per share
PRGS
The Nasdaq Stock Market LLC
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 2.02 Results of Operations and Financial Condition
Progress Software Corporation ("Progress" or the "Company") expects revenue and earnings per share for its fiscal quarter ended February 28, 2022, to exceed the high end of its guidance range announced on January 18, 2022.  Final results for the quarter will not be available until the Company's normal quarter-end review procedures are completed.  Progress expects to report its final fiscal quarter results on March 29, 2022.
The information contained in this Item 2.02 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
On March 5, 2022, Gary Quinn, Executive Vice President, Sales and Sales Operations, Enterprise Application Experience, informed Progress of his decision to resign from the Company, effective as of April 8, 2022, to pursue other interests.  Mr. Quinn's resignation is not due to any disagreement with Progress or any matters relating to the Company's operations or financial performance.
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:
March 10, 2022
Progress Software Corporation
By:
/s/ Stephen H. Faberman
Stephen H. Faberman
Chief Legal Officer