---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-23-000137"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T16:46:32.273606+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Pegasystems shareholders approve all proposals at 2023 annual meeting; notable opposition to director Weber and LTIP

## Summary
- Larry Weber re-elected with 49.9M for, 19.7M against, 4.8M non-votes.
- Say-on-pay passed with 58.5M for, 11.1M against (84% support).
- Amended long-term incentive plan approved: 50.1M for, 19.5M against.
- Employee stock purchase plan and auditor ratification passed overwhelmingly.

## SEC filing metadata
- accession: 0001013857-23-000137
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.07, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/pega-20230620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-23-000137
- JSON: https://secwatch.observer/filing/0001013857-23-000137.json
- Plain text: https://secwatch.observer/filing/0001013857-23-000137.txt

## Key facts
- Shareholder Votes
  PEGASYSTEMS INC shareholders approved Election of seven nominees to serve on the Board of Directors until 2024 Annual Meeting at the 2023-06-20 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-20
  source text: Each nominee for director was elected by a vote of shareholders as follows Peter Gyenes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm
- Shareholder Votes
  PEGASYSTEMS INC shareholders approved Advisory vote on compensation of named executive officers at the 2023-06-20 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-20
  source text: The compensation of the Company’s named executive officers was approved by a vote of shareholders as follows: Executive Compensation FOR 58,474,415 AGAINST 11,061,731 ABSTAIN 86,171 NON VOTES 4,770,658
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm
- Shareholder Votes
  PEGASYSTEMS INC shareholders approved Approval of amended and restated Pegasystems Inc. 2006 Employee Stock Purchase Plan at the 2023-06-20 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-06-20
  source text: Employee Stock Purchase Plan FOR 69,498,288 AGAINST 31,298 ABSTAIN 92,731 NON VOTES 4,770,658
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm
- Shareholder Votes
  PEGASYSTEMS INC shareholders approved Approval of amended and restated Pegasystems Inc. 2004 Long-Term Incentive Plan at the 2023-06-20 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-06-20
  source text: Long-Term Incentive Plan FOR 50,050,882 AGAINST 19,474,414 ABSTAIN 97,021 NON VOTES 4,770,658
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm
- Shareholder Votes
  PEGASYSTEMS INC shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2023 at the 2023-06-20 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-20
  source text: Auditors FOR 72,907,377 AGAINST 1,403,830 ABSTAIN 81,768
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm
- Shareholder Votes
  PEGASYSTEMS INC shareholders approved Advisory vote on frequency of say-on-pay (every 1, 2, or 3 years) at the 2023-06-20 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-06-20
  source text: The frequency of the shareholder advisory vote on the compensation of our named executive officers was approved by a vote of shareholders as follows: Frequency of Executive Compensation Vote 1 YEAR 69,420,808 2 YEARS 4,690 3 YEARS 184,782 ABSTAIN 12,037 NON VOTES 4,770,658
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000137/0001013857-23-000137-index.htm

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