secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2022-09-26T23:59:59+00:00
Accession:  0000876167-22-000158
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000158/0000876167-22-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000158/prgs-20220920.htm
  HTML page:      https://secwatch.observer/filing/0000876167-22-000158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer