---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-23-000101"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T03:11:45.900517+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Progress Software stockholders elect all nine director nominees and approve all proposals at 2023 annual meeting

## Summary
- All nine director nominees elected with votes for ranging from 34.6M to 37.2M.
- Advisory say-on-pay approved: 35.8M for (95.7% of votes cast), 1.6M against.
- Shareholders selected 1-year frequency for future say-on-pay votes (36.3M votes for 1 year).
- Increase in shares authorized under Employee Stock Purchase Plan approved (37.2M for, 142k against).
- Ratification of Deloitte & Touche as auditor for FY2023 approved (37.1M for, 2.8M against).

## SEC filing metadata
- accession: 0000876167-23-000101
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/0000876167-23-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/prgs-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-23-000101
- JSON: https://secwatch.observer/filing/0000876167-23-000101.json
- Plain text: https://secwatch.observer/filing/0000876167-23-000101.txt

## Key facts
- Shareholder Votes
  PROGRESS SOFTWARE CORP /MA shareholders approved Approval of an increase in the number of shares authorized for issuance under the 1991 Employee Stock Purchase Plan, as amended and restated at the 2023-05-11 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal 4 - Approval of an increase in the number of shares authorized for issuance under the 1991 Employee Stock Purchase Plan, as amended and restated: For Against Abstain Broker Non-Votes 37,181,519 141,531 153,296 2,449,061
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/0000876167-23-000101-index.htm
- Shareholder Votes
  PROGRESS SOFTWARE CORP /MA shareholders approved Election of nine members to the Board of Directors at the 2023-05-11 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal 1 - Election of Directors: Total Vote For Each Director Total Vote Withheld From Each Director Broker Non-Votes Paul T. Dacier 34,575,195 2,901,151 2,449,061 John R. Egan 32,385,101 5,091,245 2,449,061 Rainer Gawlick 37,182,157 294,189 2,449,061 Yogesh Gupta 36,304,014 1,172,332 2,449,061 Charles F. Kane 33,438,206 4,038,140 2,449,061 Samskriti Y. King 37,176,245 300,101 2,449,061 David A. Krall 34,878,972 2,597,374 2,449,061 Angela T. Tucci 37,175,176 301,170 2,449,061 Vivian Vitale 35,674,526 1,801,820 2,449,061
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/0000876167-23-000101-index.htm
- Shareholder Votes
  PROGRESS SOFTWARE CORP /MA shareholders approved Ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2023-05-11 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal 5 - The ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023: For Against Abstain 37,058,786 2,842,751 23,870
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/0000876167-23-000101-index.htm
- Shareholder Votes
  PROGRESS SOFTWARE CORP /MA shareholders approved Approval of the frequency of the advisory vote on the compensation of the Company’s named executive officers at the 2023-05-11 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal 3 - Approval of the frequency of the advisory vote on the compensation of the Company’s named executive officers: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 36,344,690 12,952 1,095,160 23,544 2,449,061
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/0000876167-23-000101-index.htm
- Shareholder Votes
  PROGRESS SOFTWARE CORP /MA shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers for the fiscal year ended November 30, 2022 at the 2023-05-11 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: Proposal 2 - Approval, on an advisory basis, of the compensation of the Company’s named executive officers for the fiscal year ended November 30, 2022: For Against Abstain Broker Non-Votes 35,828,174 1,615,749 32,423 2,449,061
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000101/0000876167-23-000101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.