Progress Software Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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) | (Zip Code) |
(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:
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Securities registered pursuant to Section 12(b) of the Act:
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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 8, 2025, Progress Software Corporation (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on the matters disclosed in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on, and distributed to its stockholders commencing on or about, March 26, 2025 in connection with the Annual Meeting (the “Proxy Statement”). Set forth below are the final voting results for the matters submitted to a vote of stockholders at the Annual Meeting.
| (1) | The election of nine members to the Board of Directors of the Company, to serve until the Company’s 2026 Annual Meeting of Stockholders; |
| (2) | The approval, on an advisory basis, of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement; and |
| (3) | The ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2025. |
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 | 35,633,194 | 1,682,283 | 2,734,190 | |||
| John R. Egan | 35,360,552 | 1,954,925 | 2,734,190 | |||
| Rainer Gawlick | 37,140,232 | 175,245 | 2,734,190 | |||
| Yogesh Gupta | 36,601,401 | 714,076 | 2,734,190 | |||
| Charles F. Kane | 35,686,231 | 1,629,246 | 2,734,190 | |||
| Samskriti Y. King | 37,152,084 | 163,393 | 2,734,190 | |||
| David A. Krall | 35,802,868 | 1,512,609 | 2,734,190 | |||
| Angela T. Tucci | 37,160,779 | 154,698 | 2,734,190 | |||
| Vivian Vitale | 36,231,806 | 1,083,671 | 2,734,190 |
Proposal 2 - Approval, on an advisory basis, of the compensation of the Company’s named executive officers:
| For | Against | Abstain | Broker Non-Votes | |||
| 34,843,203 | 2,461,206 | 11,068 | 2,734,190 |
Proposal 3 - Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2025:
| For | Against | Abstain | ||
| 37,755,725 | 2,282,448 | 11,494 |
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 9, 2025 | ||
| By: | /s/ YUFAN STEPHANIE WANG | |
| YuFan Stephanie Wang | ||
| Chief Legal Officer and Secretary | ||