secwatch / observer

PROGRESS SOFTWARE CORP /MA — fact timeline

Source-grounded facts extracted from PROGRESS SOFTWARE CORP /MA's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PRGS PROGRESS SOFTWARE CORP /MA JSON
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2026 at the 2026-05-07 meeting.

“Proposal 5 – Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026: For Against Abstain 36,258,725 794,673 49,433”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Approval of an increase in shares authorized under the 1991 Employee Stock Purchase Plan, as Amended and Restated at the 2026-05-07 meeting.

“Proposal 4 – Approval of an increase in the number of shares authorized for issuance under the Company’s 1991 Employee Stock Purchase Plan, as Amended and Restated: For Against Abstain Broker Non-Votes 33,065,101 137,046 6,248 3,894,436”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Approval of an increase in shares authorized under the 2008 Stock Option and Incentive Plan, as Amended and Restated at the 2026-05-07 meeting.

“Proposal 3 – Approval of an increase in the number of shares authorized for issuance under the Company’s 2008 Stock Option and Incentive Plan, as Amended and Restated: For Against Abstain Broker Non-Votes 30,766,625 2,421,416 20,354 3,894,436”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Advisory approval of the compensation of the named executive officers at the 2026-05-07 meeting.

“Proposal 2 – Approval, on an advisory basis, of the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Votes 31,236,329 1,956,233 15,833 3,894,436”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Election of nine members to the Board of Directors at the 2026-05-07 meeting.

“Proposal 1 – Election of Directors: Total Vote For Each Director Total Vote Withheld From Each Director Broker Non-Votes Paul T. Dacier 31,169,530 2,038,865 3,894,436 John R. Egan 31,124,676 2,083,719 3,894,436 Rainer Gawlick 32,295,438 912,957 3,894,436 Yogesh K. Gupta 31,990,304 1,218,091 3,894,436 Charles F. Kane 31,255,597 1,952,798 3,894,436 Samskriti Y. King 32,290,374 918,021 3,894,436 David A. Krall 31,407,753 1,800,642 3,894,436 Angela T. Tucci 32,301,276 907,119 3,894,436 Vivian M. Vitale 31,582,806 1,625,589 3,894,436”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported its fiscal first quarter ended February 28, 2026 results: revenue $247,799, net income $22,813, EPS $0.53.

“Three Months Ended GAAP Non-GAAP (in thousands, except percentages and per share amounts) February 28, 2026 February 28, 2025 % Change February 28, 2026 February 28, 2025 % Change Revenue $ 247,799 $ 238,015 4 % $ 247,799 $ 238,015 4 % Income from operations $ 46,465 $ 32,426 43 % $ 102,185 $ 93,595 9 % Operating margin 19 % 14 % 500 bps 41 % 39 % 200 bps Net income $ 22,813 $ 10,946 108 % $ 68,300 $ 58,995 16 % Diluted earnings per share $ 0.53 $ 0.24 121 % $ 1.60 $ 1.31 22 %”
M&A Transactions

PROGRESS SOFTWARE CORP /MA completed an acquisition involving Cloud Software Group, Inc. for $875 million in cash (closed 2024-10-31).

“contemplated by the Purchase Agreement are collectively referred to as the “Transaction.” Upon the closing of the Transaction, Progress paid an aggregate purchase price of $875 million in cash, subject to a $25 million working capital credit, funded via a combination of cash on hand and an existing revolving credit facility. Pursuant to Rule 3-05 and Article 11”
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 2024 at the 2024-05-09 meeting.

“Proposal 4 - The ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023: For Against Abstain 37,384,799 2,044,726 63,866”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Approval of an increase in the number of shares authorized for issuance under the 2008 Stock Option and Incentive Plan, as amended and restated at the 2024-05-09 meeting.

“Proposal 3 - Approval of an increase in the number of shares authorized for issuance under the 2008 Stock Option and Incentive Plan, as amended and restated: For Against Abstain Broker Non-Votes 33,954,507 2,699,061 68,079 2,771,744”
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, 2023 at the 2024-05-09 meeting.

“Proposal 2 - Approval, on an advisory basis, of the compensation of the Company’s named executive officers for the fiscal year ended November 30, 2023: For Against Abstain Broker Non-Votes 35,523,816 1,133,475 64,356 2,771,744”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Election of nine members to the Board of Directors at the 2024-05-09 meeting.

“Proposal 1 - Election of Directors: Total Vote For Each Director Total Vote Withheld From Each Director Broker Non-Votes Paul T. Dacier 33,479,775 3,241,872 2,771,744 John R. Egan 33,366,842 3,354,805 2,771,744 Rainer Gawlick 36,570,113 151,534 2,771,744 Yogesh Gupta 35,994,428 727,219 2,771,744 Charles F. Kane 33,811,288 2,910,359 2,771,744 Samskriti Y. King 36,578,218 143,429 2,771,744 David A. Krall 34,950,635 1,771,012 2,771,744 Angela T. Tucci 36,480,076 241,571 2,771,744 Vivian Vitale 34,729,991 1,991,656 2,771,744”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported Fiscal first quarter ended February 29, 2024 results: revenue $185 million, EPS $0.51 diluted earnings per share.

“provider of infrastructure software, today announced financial results for its fiscal first quarter ended February 29, 2024. First Quarter 2024 Highlights 1 : • Revenue of $185 million increased 12% year-over-year on both an actual and a constant currency basis. • Non-GAAP revenue of $185 million increased 12% year-over-year on an actual currency basis and 11%”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal first quarter ended February 29, 2024.

“On March 26, 2024, Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal first quarter ended February 29, 2024.”
Material Agreements

PROGRESS SOFTWARE CORP /MA entered into Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Wells Fargo Bank, N.A., Citizens Bank, N.A., PNC Bank, National Association, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, and TD Bank, N.A. valued at $900.0 million (effective 2024-03-07).

“On March 7, 2024, Progress Software Corporation (“ Progress ”) entered into a Fourth Amended and Restated Credit Agreement (the “ Credit Agreement ”) with each of the lenders party thereto (the “ Lenders ”), JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Citibank, N.A. and Wells Fargo Bank, N.A., as Syndication Agents, Citizens Bank, N.A., PNC Bank, National Association, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, and TD Bank, N.A., as Documentation Agents, and JPMorgan Chase Bank, N.A., BofA Securities, Inc., Citibank, N.A. and Wells Fargo Securities, LLC, as Joint Bookrunners and Joint Lead Arrangers, providing for a $900.0 million secured revolving credit facility”
Material Agreements

PROGRESS SOFTWARE CORP /MA entered into Indenture with U.S. Bank Trust Company, National Association valued at $450.0 million aggregate principal amount (effective 2024-03-01).

“On March 1, 2024, Progress Software Corporation (the “ Company ”) issued and sold $450.0 million aggregate principal amount of its 3.50% Convertible Senior Notes due 2030 (the “ Notes ”), pursuant to an indenture (the “ Indenture ”), dated as of March 1, 2024, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal year ended November 30, 2023.

“On January 16, 2024, Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2023.”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal fourth quarter ended November 30, 2023.

“On January 16, 2024, Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2023.”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported fiscal second quarter ended May 31, 2023 results: revenue $178,251, net income $12,090, EPS $0.27. Guidance raised.

“Three Months Ended GAAP Non-GAAP 1 (In thousands, except percentages and per share amounts) May 31, 2023 May 31, 2022 % Change May 31, 2023 May 31, 2022 % Change Revenue $ 178,251 $ 148,747 20 % $ 179,233 $ 150,879 19 % Income from operations $ 23,027 $ 40,235 (43) % $ 67,300 $ 61,298 10 % Operating margin 13 % 27 % (1400) bps 38 % 41 % (300) bps Net income”
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 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”
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 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”
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 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”
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 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”
Shareholder Votes

PROGRESS SOFTWARE CORP /MA shareholders approved Election of nine members to the Board of Directors at the 2023-05-11 meeting.

“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”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported the fiscal second quarter ending May 31, 2023 results: revenue $167 - $171, EPS $0.12 - $0.16. Guidance initiated.

“Q2 2023 Guidance (In millions, except per share amounts) GAAP Non-GAAP 1 Revenue $167 - $171 $168 - 172 Diluted earnings per share $0.12 - $0.16 $0.88 - $0.92”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported the fiscal year ending November 30, 2023 results: revenue $676 - $684, EPS $1.32 - $1.40.

“Updated FY 2023 Guidance (March 28, 2023) Prior FY 2023 Guidance (January 17, 2023) (In millions, except percentages and per share amounts) GAAP Non-GAAP 1 GAAP Non-GAAP 1 Revenue $676 - $684 $680 - $688 $671 - $681 $675 - $685 Diluted earnings per share $1.32 - $1.40 $4.09 - $4.17 $1.38 - $1.46 $4.09 - $4.17”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported the fiscal first quarter ended February 28, 2023 results: revenue $164.2 million, net income $23,674, EPS $0.53.

“provider of infrastructure software, today announced financial results for its fiscal first quarter ended February 28, 2023. First Quarter 2023 Highlights 1 : • Revenue of $164.2 million increased 13% year-over-year on an actual currency basis, and 15% on a constant currency basis. • Non-GAAP revenue of $165.6 million increased 12% year-over-year on an actual”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal year ended November 30, 2022.

“Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2022.”
Earnings Releases

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal fourth quarter ended November 30, 2022.

“Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2022.”
Material Agreements

PROGRESS SOFTWARE CORP /MA entered into Stock Purchase Agreement with Vector Maven Holdings, Inc., Vector Maven Holdings, L.P. valued at approximately $355 million (effective 2023-01-03).

“On January 3, 2023, Progress Software Corporation (“Progress”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Vector Maven Holdings, Inc., a Delaware corporation (the “Company”), and Vector Maven Holdings, L.P. (the “Seller”), pursuant to which Progress has agreed to acquire from the Seller all of the outstanding equity interests of the Company (the “Purchased Shares”), as a result of which the Company and its wholly-owned subsidiaries, including MarkLogic Corporation and Smartlogic Holdings Limited, will become wholly-owned subsidiaries of Progress. The transactions contemplated by the Purchase Agreement are collectively referred to as the “Transaction”. At the closing of the Transaction (the “Closing”), Progress will acquire the Purchased Shares from the Seller for an aggregate purchase price of approximately $355 million, subject to certain working capital and other adjustments (the “Purchase Price”).”

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

“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.”

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

“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.”

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

“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.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.