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): May 31, 2012

Progress Software Corporation

(Exact name of registrant as specified in its charter)

Commission file number: 0-19417

 

Massachusetts   04-2746201
(State or other jurisdiction of incorporation or organization)   (I.R.S. employer identification no.)

14 Oak Park

Bedford, Massachusetts 01730

(Address of principal executive offices, including zip code)

(781) 280-4000

(Registrant’s telephone number, including area code)

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))

 

 

 


Item 5.07. Submission of Matters to a Vote of Security Holders

On May 31, 2012, at the Progress Software Corporation (the “Company”) 2012 Annual Meeting of Shareholders, the Company’s shareholders voted on the following four matters and cast their votes as described below:

 

  (1) The election of eight members to the Board of Directors to serve until the Company’s next annual meeting of shareholders or until their successors are duly elected and qualified;

 

  (2) The approval of an amendment to the Company’s 1991 Employee Stock Purchase Plan, as amended, to increase the maximum number of shares that may be issued under that plan by 1,300,000 shares;

 

  (3) The approval, on an advisory basis, of the compensation of the Company’s named executive officers for the fiscal year ended November 30, 2011; and

 

  (4) The ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2012.

The following is a summary of the voting results for each matter presented to the shareholders:

Proposal 1 – Election of Directors:

 

     Total Vote
For
Each
Director
     Total Vote
Withheld  From
Each Director
     Broker
Non-Votes
 

Jay Bhatt

     54,695,309         156,988         4,829,940   

Barry N. Bycoff

     54,602,858         249,439         4,829,940   

John R. Egan

     54,223,207         629,090         4,829,940   

Ram Gupta

     54,358,342         493,955         4,829,940   

Charles F. Kane

     54,226,953         625,344         4,829,940   

David J. Krall

     53,873,358         978,939         4,829,940   

Michael L. Mark

     53,681,689         1,170,608         4,829,940   

Philip M. Pead

     54,163,916         688,381         4,829,940   

Proposal 2 – Approval of an amendment to the Company’s 1991 Employee Stock Purchase Plan, as amended, to increase the maximum number of shares that may be issued under that plan by 1,300,000 shares:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

53,316,091   971,422   564,784   4,829,940

Proposal 3– Approval, on an advisory basis, of the compensation of the Company’s named executive officers for the fiscal year ended November 30, 2011:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

53,389,998   1,374,331   86,978   4,829,940

Proposal 4 – The ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2012:

 

For

 

Against

 

Abstain

58,288,712   1,380,917   12,608

 

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SIGNATURES

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 hereunto duly authorized.

 

Date: May 31, 2012     Progress Software Corporation
    By:   /s/ Chris Andersen
     

Chris Andersen

Vice President, Corporate Controller and CAO

 

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