Pegasystems Inc. (NASDAQ:PEGA) Files An 8-K Regulation FD Disclosure
Item7.01.
| Regulation FD Disclosure |
On May30, 2017, the Company issued a press release announcing an
extension of its current share repurchase program. A copy of such
press release is attached as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference in its
entirety. Under this extension, the expiration date of the
current repurchase program has been extended from June30, 2017 to
June30, 2018. The amount remaining in the current program is
approximately $36.4 million.This extension is effective from
May23, 2017 to June30, 2018.
At the Companys discretion, the purchases will be made from time
to time on the open market or in privately negotiated
transactions. Shares may be repurchased in such amounts as market
conditions warrant, subject to regulatory and other
considerations.
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 Companys 10b5-1 Plan.
Any actual repurchases under the current repurchase program will
be disclosed in the Companys 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 June30, 2017 and December31, 2018.
| Item9.01. | Financial Statements and Exhibits |
| EX-99.1 | Press Release issued by Pegasystems Inc. on May30, 2017. |
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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. Pegasystems Inc. (NASDAQ:PEGA) Recent Trading Information
Pegasystems Inc. (NASDAQ:PEGA) closed its last trading session up +0.30 at 57.50 with 231,691 shares trading hands.