UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
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(IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
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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:
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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 8.01. | Other Events. |
On November 9, 2022, Pegasystems Inc. (the “Company”) entered into a confidential settlement agreement with Appian Corporation (“Appian”) and Business Process Management, Inc. (“BPM.com”), resolving the litigation previously pending in the United States District Court for the District of Massachusetts and styled Pegasystems Inc. v. Appian Corporation and Business Process Management, Inc., Case No. 19-cv-11461-PBS-MPK (the “Massachusetts Litigation”). The parties have also filed a Stipulation of Dismissal with Prejudice dismissing all claims and counterclaims in the Massachusetts Litigation. The litigation between the Company and Appian in Fairfax County, Virginia, which is pending appeal, is not impacted by resolution of the Massachusetts Litigation.
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: November 10, 2022 | By: | /s/ Kenneth Stillwell | ||||
| Kenneth Stillwell | ||||||
| Chief Operating Officer and Chief Financial Officer (Principal Financial Officer) | ||||||
Document and Entity Information |
Nov. 09, 2022 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | PEGASYSTEMS INC |
| Amendment Flag | false |
| Entity Central Index Key | 0001013857 |
| Document Type | 8-K |
| Document Period End Date | Nov. 09, 2022 |
| Entity Incorporation State Country Code | MA |
| Entity File Number | 1-11859 |
| Entity Tax Identification Number | 04-2787865 |
| Entity Address, Address Line One | One Main Street |
| Entity Address, City or Town | Cambridge |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02142 |
| City Area Code | (617) |
| Local Phone Number | 374-9600 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $.01 par value per share |
| Trading Symbol | PEGA |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |