Progress appoints YuFan Stephanie Wang as Chief Legal Officer; predecessor on disability leave

PROGRESS SOFTWARE CORP /MA

Effective Sep 20, 2022, Wang succeeds Stephen H. Faberman as EVP, Chief Legal Officer & Secretary.
Wang, age 40, joined Progress in May 2022; previously SVP & Deputy CLO at W. P. Carey (NYSE:WPC).
Faberman is on disability leave, remains a non-executive employee; departure not due to any disagreement.
Wang's compensation remains unchanged: annual base salary, bonus plan, and equity grants.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

YuFan Stephanie Wang

Executive Vice President, Chief Legal Officer and Secretary

PRGS · PROGRESS SOFTWARE CORP /MA

Effective: 2022-09-20
Filed: September 26, 2022, 7:59 PM ET

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.

Role change

Stephen H. Faberman

Executive Vice President, Chief Legal Officer and Secretary

PRGS · PROGRESS SOFTWARE CORP /MA

Effective: 2022-09-20
Successor: YuFan Stephanie Wang
Filed: September 26, 2022, 7:59 PM ET

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.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

YuFan Stephanie Wang was appointed as Executive Vice President, Chief Legal Officer and Secretary at PROGRESS SOFTWARE CORP /MA.

Action: promoted
Role: Executive Vice President, Chief Legal Officer and Secretary

Exact text from the filing

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.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen H. Faberman was removed as Executive Vice President, Chief Legal Officer and Secretary at PROGRESS SOFTWARE CORP /MA.

Action: removed
Role: Executive Vice President, Chief Legal Officer and Secretary

Exact text from the filing

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.

View on SEC.gov

PROGRESS SOFTWARE CORP /MA filing history →

Source: SEC EDGAR

accession 0000876167-22-000158

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