UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 8-K

 

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  i November 9, 2022

 

PEGASYSTEMS INC.

(Exact name of Registrant as specified in its charter)

 

 

i Massachusetts		i 1-11859		i 04-2787865
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 i One Main Street,  i Cambridge,  i MA  i 02142

(Address of principal executive offices, including zip code)

 i (617)  i 374-9600

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

i ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

i ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

i ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

i ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading symbol(s)		Name of each exchange on which registered
i Common Stock, $.01 par value per share		i PEGA		i NASDAQ Global Select Market

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   i ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item 8.01.

Other Events.

On November 9, 2022, Pegasystems Inc. (the “Company”) entered into a confidential settlement agreement with Appian Corporation (“Appian”) and Business Process Management, Inc. (“BPM.com”), resolving the litigation previously pending in the United States District Court for the District of Massachusetts and styled Pegasystems Inc. v. Appian Corporation and Business Process Management, Inc., Case No. 19-cv-11461-PBS-MPK (the “Massachusetts Litigation”). The parties have also filed a Stipulation of Dismissal with Prejudice dismissing all claims and counterclaims in the Massachusetts Litigation. The litigation between the Company and Appian in Fairfax County, Virginia, which is pending appeal, is not impacted by resolution of the Massachusetts Litigation.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

				Pegasystems Inc.
Dated: November 10, 2022				By:		/s/ Kenneth Stillwell
						Kenneth Stillwell
						Chief Operating Officer and Chief Financial Officer (Principal Financial Officer)