Progress Software expects Q1 FY2022 revenue/EPS above guidance high end; EVP Quinn resigns

PROGRESS SOFTWARE CORP /MA

2022-Q1 EPS reported $0.46 revenue$144,922,000

Revenue and EPS for quarter ended Feb 28, 2022 expected to exceed high end of prior guidance range.
Final Q1 results to be reported on March 29, 2022.
EVP Gary Quinn resigns effective April 8, 2022 to pursue other interests; not due to any disagreement.
Quinn was Executive Vice President, Sales and Sales Operations, Enterprise Application Experience.

item 2.02 item 5.02

Executive movements

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Departed

Gary Quinn

Executive Vice President, Sales and Sales Operations, Enterprise Application Experience

PRGS · PROGRESS SOFTWARE CORP /MA

Effective: 2022-04-08
Filed: March 10, 2022, 6:59 PM ET

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.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gary Quinn resigned as Executive Vice President, Sales and Sales Operations, Enterprise Application Experience at PROGRESS SOFTWARE CORP /MA.

Action: resigned
Role: Executive Vice President, Sales and Sales Operations, Enterprise Application Experience

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0000876167-22-000055

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