Progress Software Corporation (NASDAQ:PRGS) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
(a) On March 19, 2019, the Board of Directors of Progress Software Corporation (the “Company”) approved an amendment to the Company’s bylaws to lower the threshold requirement for stockholders to request a special meeting from 80% to 40% of the shares of capital stock of the Company entitled to vote at such meeting.
Amended and Restated Bylaws reflecting the foregoing will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended February 28, 2019.
The foregoing description of the amendment does not purport to be complete and is qualified in its the entirety by reference to the Amendment to Amended and Restated Bylaws filed as Exhibit 3.1 hereto and incorporated herein by reference.
Item 5.03 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
PROGRESS SOFTWARE CORP /MA Exhibit
EX-3.1 2 exhibit31amendmenttoamende.htm EXHIBIT 3.1 Exhibit Exhibit 3.1Progress Software CorporationAMENDMENTTOAMENDED AND RESTATED BYLAWSClause (a) of the “Special Meetings” section of the Amended and Restated Bylaws of Progress Software Corporation is deleted in its entirety and replaced with the following:”Special meetings of the stockholders of the corporation may be called,…
To view the full exhibit click here
About Progress Software Corporation (NASDAQ:PRGS)
Progress Software Corporation is a global software company. The Company offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. The Company operates through three segments: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment. The solutions within the OpenEdge business segment include Progress OpenEdge and Progress Corticon. The Data Connectivity and Integration business segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within Data Connectivity and Integration business segment include Progress DataDirect Connect and Progress DataDirect Cloud. The solutions within the Application Development and Deployment business segment include Telerik Dev Tools, Telerik Dev Cloud, Telerik Platform, Telerik ALM, Telerik Sitefinity, Progress Rollbase and Modulus.