Pegasystems Inc. (NASDAQ:PEGA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(e) On March2, 2017, the Compensation Committee of the Board of
Directors of Pegasystems Inc. (the Company) approved the 2017
base salaries, target incentive percentages for the Section16
Officer/FLT 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 $1,216,800 (the Aggregate Target Bonus Amount). The
Executive Officers are also eligible for additional bonus
compensation related to the achievement of certain operational
objectives totaling $100,000. Leon Trefler and Douglas Kra,
Senior Vice Presidents of Global Customer Success, are also
eligible for sales commissions of $225,000 and $150,000,
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 2017 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
Companys Current Report on Form 8-K filed on January20, 2017, and
incorporated herein by reference.
| Item9.01. | Financial Statements and Exhibits |
| 99.1 |
2017 Executive Officers Base Salaries and Target Bonus Percentages and Incentives |
(s)
About Pegasystems Inc. (NASDAQ:PEGA)
Pegasystems Inc. develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications. Its applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. It provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial, healthcare, insurance, manufacturing, life sciences and other markets. Pegasystems Inc. (NASDAQ:PEGA) Recent Trading Information
Pegasystems Inc. (NASDAQ:PEGA) closed its last trading session down -0.30 at 43.85 with 361,523 shares trading hands.