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Progress Software Corporation (NASDAQ:PRGS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Progress Software Corporation (NASDAQ:PRGS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 5, 2017, Ram Gupta, a member of the Board of Directors of Progress Software Corporation (the “Company”), submitted his resignation as a member of the Board of Directors, effective immediately. Mr. Gupta was initially elected to the Board of Directors in May 2008. Mr. Gupta’s decision is not in connection with any known disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
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. Progress Software Corporation (NASDAQ:PRGS) Recent Trading Information
Progress Software Corporation (NASDAQ:PRGS) closed its last trading session 00.00 at 27.92 with 176,887 shares trading hands.
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