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<title>prgs-20220920</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV80L2ZyYWc6ZTg1YzMxOGY1YzIyNGYxNzhmNWU1Mzk3YzY0YmVhOTEvdGFibGU6ZDVkNzgzNGJhNTFiNDlmZjhmMmNmZjY0NGYxNjVjZGYvdGFibGVyYW5nZTpkNWQ3ODM0YmE1MWI0OWZmOGYyY2ZmNjQ0ZjE2NWNkZl8xLTEtMS0xLTQ3NjY3_d9532dd2-d961-449d-9945-9f3c8f7f669f">0000876167</ix:nonNumeric><ix:nonNumeric contextRef="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:AmendmentFlag" 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xlink:href="prgs-20220920.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000876167</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-09-20</xbrli:startDate><xbrli:endDate>2022-09-20</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i04c44855a3694085b65e7a8fe2750dc5_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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xMzE3Ng_3dc686f9-4a7b-4dfc-8942-ed2cb469f6c5">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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xNzg_fb2e9bc3-aadb-447b-8a40-2a57873eef58">September 20, 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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xMzE3Mg_860fd114-0f31-418c-9034-c61b96480632">15 Wayside Road, Suite 400</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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:EntityAddressCityOrTown" 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id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xMzE2OQ_26ce9dcc-f105-4d3d-9384-7ccdc3a0b3f4">01803</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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xMzE3NQ_10b18522-4cd1-4feb-b4a6-d749d3e0e388">781</ix:nonNumeric>)&#160;<ix:nonNumeric contextRef="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xMzE3MA_806f2654-5e19-4df4-b772-fd0a26ef2987">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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id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGFibGU6NTcxMDI5NTFkZTNkNDYwOWE3YjUxNTRiMDVlZDllOTQvdGFibGVyYW5nZTo1NzEwMjk1MWRlM2Q0NjA5YTdiNTE1NGIwNWVkOWU5NF8wLTAtMS0xLTQ3NjY3_91a7ee8f-a5ce-43f5-bdee-4e172ca6f2a5">&#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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGFibGU6MWExOTdmOGNhMTNmNDE5NmE3ZTc3MGVjNjI1NjE5NmQvdGFibGVyYW5nZToxYTE5N2Y4Y2ExM2Y0MTk2YTdlNzcwZWM2MjU2MTk2ZF8wLTAtMS0xLTQ3NjY3_59558992-c256-4936-bd21-2290d728ff5c">&#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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGFibGU6MTc3ODU2MTEyNjEwNDU2MDhkZWMxYjhhYWIwODI0NTMvdGFibGVyYW5nZToxNzc4NTYxMTI2MTA0NTYwOGRlYzFiOGFhYjA4MjQ1M18xLTAtMS0xLTQ3NjY3_6195ce9e-ea4f-486b-b9ec-6cf52e08ac46">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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGFibGU6MTc3ODU2MTEyNjEwNDU2MDhkZWMxYjhhYWIwODI0NTMvdGFibGVyYW5nZToxNzc4NTYxMTI2MTA0NTYwOGRlYzFiOGFhYjA4MjQ1M18xLTEtMS0xLTQ3NjY3_c0806e41-22d9-4250-a444-e8ada06a39f4">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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGFibGU6MTc3ODU2MTEyNjEwNDU2MDhkZWMxYjhhYWIwODI0NTMvdGFibGVyYW5nZToxNzc4NTYxMTI2MTA0NTYwOGRlYzFiOGFhYjA4MjQ1M18xLTItMS0xLTQ3NjY3_b7e8bffe-a7c2-4ea7-9a5f-01c79e17bb2f">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="iaaca7562d0874727b23ccbab59dc321c_D20220920-20220920" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjA0YzQ0ODU1YTM2OTQwODViNjVlN2E4ZmUyNzUwZGM1L3NlYzowNGM0NDg1NWEzNjk0MDg1YjY1ZTdhOGZlMjc1MGRjNV8xL2ZyYWc6Njk3Yjg3ZjE1ZmFkNGQ2ZGJkMzI0OTdlMDY0Yjg0ZmEvdGV4dHJlZ2lvbjo2OTdiODdmMTVmYWQ0ZDZkYmQzMjQ5N2UwNjRiODRmYV8xMzE3MQ_fbac758e-2e84-4230-ab91-3c8efe6711ed">&#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 style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:150%">Item 5.02.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:150%">   </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:150%">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 style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Effective as of September 20, 2022, Progress Software Corporation (the &#8220;Company&#8221;) promoted Ms. YuFan Stephanie Wang to succeed Mr. Stephen H. Faberman as Executive Vice President, Chief Legal Officer and Secretary.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Ms. Wang, age 40, joined the Company in May 2022.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Prior to joining the Company, Ms. Wang worked from 2014 to 2022 at W. P. Carey Inc. (NYSE: WPC), a publicly-traded real estate investment trust, where she most recently held the role of Senior Vice President and Deputy Chief Legal Officer. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Ms. Wang previously practiced in the corporate departments of Clifford Chance US LLP and Proskauer Rose LLP. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Ms. Wang will continue to be covered by the same compensatory plans and arrangements as she had been prior to this appointment, including receipt of an annual base salary, participation in the Company&#8217;s annual bonus plan and equity grants.</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Mr. Faberman is on leave in order to attend to a disability and Ms. Wang will assume his responsibilities. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">Mr. Faberman will continue to be employed with the company in a non-executive position and his removal from his executive position effective as of September 20, 2022 was not due to any disagreement with the Company or any matters relating to the Company&#8217;s operations or financial performance.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:150%">  </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:150%">Item 7.01.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:150%">   </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:150%">Regulation FD Disclosure</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:150%">On September 26, 2022, the Company issued a press release announcing the appointment of Ms. Wang to succeed Mr. Faberman, a copy of which is attached as Exhibit 99.1.</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:120%">Item&#160;9.01. Financial Statements and Exhibits</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(d) Exhibits.</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:9.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:87.610%"></td><td style="width:0.1%"></td></tr><tr><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%">Exhibit No.</span></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%">Description</span></td></tr><tr><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%">99.1</span></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"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="cloappointment.htm">Press release issued by Progress Software Corporation dated </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="cloappointment.htm">September 26</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="cloappointment.htm">, 2022</a></span></div></td></tr><tr><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%">104</span></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%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr></table></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%">September 26, 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/ ANTHONY FOLGER</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%">Anthony Folger</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 Financial 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-20220920
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
September 20, 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.)
15 Wayside Road, Suite 400
Burlington
,
Massachusetts
01803
(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 5.02.
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
Effective as of September 20, 2022, Progress Software Corporation (the "Company") promoted Ms. YuFan Stephanie Wang to succeed Mr. Stephen H. Faberman as Executive Vice President, Chief Legal Officer and Secretary.
Ms. Wang, age 40, joined the Company in May 2022.
Prior to joining the Company, Ms. Wang worked from 2014 to 2022 at W. P. Carey Inc. (NYSE: WPC), a publicly-traded real estate investment trust, where she most recently held the role of Senior Vice President and Deputy Chief Legal Officer.
Ms. Wang previously practiced in the corporate departments of Clifford Chance US LLP and Proskauer Rose LLP.
Ms. Wang will continue to be covered by the same compensatory plans and arrangements as she had been prior to this appointment, including receipt of an annual base salary, participation in the Company's annual bonus plan and equity grants.
Mr. Faberman is on leave in order to attend to a disability and Ms. Wang will assume his responsibilities.
Mr. Faberman will continue to be employed with the company in a non-executive position and his removal from his executive position effective as of September 20, 2022 was not due to any disagreement with the Company or any matters relating to the Company's operations or financial performance.
Item 7.01.
Regulation FD Disclosure
On September 26, 2022, the Company issued a press release announcing the appointment of Ms. Wang to succeed Mr. Faberman, a copy of which is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No.
Description
99.1
Press release issued by Progress Software Corporation dated
September 26
, 2022
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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:
September 26, 2022
Progress Software Corporation
By:
/s/ ANTHONY FOLGER
Anthony Folger
Chief Financial Officer