Pegasystems Inc. (NASDAQ:PEGA) Files An 8-K Regulation FD Disclosure
Item 7.01.
On March15, 2019, the Company issued a press release announcing an expansion of its current share repurchase program. Under this expansion, the expiration date of the current repurchase program has been extended from June30, 2019 to June30, 2020, and an additional $60million in repurchases of the Company’s common stock has been authorized.This expansion is effective immediately. The Company also announced a quarterly cash dividend of $0.03 per share, maintaining the Company’s current dividend program. The quarterly cash dividend will be paid on April15, 2019 to shareholders of record as of April1, 2019.
The Company has established a pre-arranged stock repurchase plan, intended to comply with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and of Rule 10b-18 of the Exchange Act and may establish other such plans (collectively, the “10b5-1 Plan”). Shares that are repurchased under the current repurchase program will be repurchased under the Company’s 10b5-1 Plan.
Any actual repurchases under the current repurchase program will be disclosed in the Company’s annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission for the annual and applicable quarterly periods ending between March31, 2019 and December31, 2020.
| Item 7.01. |
Financial Statements and Exhibits |
| EX-99.1 | Press Release issued by Pegasystems Inc. on March15, 2019. |
(s)
PEGASYSTEMS INC Exhibit
EX-99.1 2 d722960dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Pegasystems Expands Current Share Repurchase Program and Announces Quarterly Cash Dividend CAMBRIDGE,…
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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.
