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    Pegasystems Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

    3/7/25 5:01:05 PM ET
    $PEGA
    EDP Services
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    Get the next $PEGA alert in real time by email
    pega-20250304
    false000101385700010138572025-03-042025-03-04


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549 
    ____________________
     FORM 8-K
    ____________________

    Current Report
    Pursuant to Section 13 or 15(d) of the
    Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): March 4, 2025
    ____________________
    PEGASYSTEMS INC.
    (Exact name of Registrant as specified in its charter)
    ____________________
    Massachusetts1-1185904-2787865
    (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
    225 Wyman Street, Waltham, MA 02451
    (Address of principal executive offices, including zip code)

    (617) 374-9600
    (Registrant’s telephone number, including area code)

    Not Applicable
    (Former name or former address, if changed since last report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading symbol(s)Name of each exchange on which registered
    Common Stock, $.01 par value per sharePEGANASDAQ Global Select Market
    Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).                         
                                                    Emerging growth company ☐
    If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ☐



    Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
    Arrangements of Certain Officers

    (e) On March 4, 2025, the Compensation Committee of the Board of Directors of Pegasystems Inc. approved the 2025 base salaries and target incentive percentages for the Section 16 Officer/ALT Member Corporate Incentive Compensation Plan (the “Incentive Plan”), and other incentive bonus payment targets for the executive officers of the Company listed on Exhibit 99.1 to this Current Report on Form 8-K (the “Executive Officers”).

    The aggregate target Incentive Plan payments for Executive Officers is the sum of $1,677,500 and £193,000. Leon Trefler, Chief of Clients and Markets and John Higgins, Chief of Client & Partner Success are also eligible for sales commissions of $450,000 and £225,000, respectively.

    The foregoing summary description of the Incentive Plan is qualified in its entirety by reference to Exhibit 99.1 to this Current Report on Form 8-K, which describes the 2025 base salaries, target Incentive Plan, and other bonus payments for the Executive Officers. It is further qualified in its entirety by reference to the Incentive Plan filed as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on February 12, 2025 and incorporated herein by reference.

    Item 9.01     Financial Statements and Exhibits
    Exhibit No.Description
    99.1
    2025 Executive Officers Base Salaries and Target Bonus Percentages and Incentives
    104
    Cover Page Interactive Data File (formatted as Inline XBRL)




    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
     
    Pegasystems Inc.
    Dated:March 7, 2025By:
    /s/ Matthew J. Cushing
    Matthew J. Cushing
    Senior Vice President, Chief Commercial Officer, General Counsel and Secretary


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