<SEC-DOCUMENT>0001193125-19-117210.txt : 20190424
<SEC-HEADER>0001193125-19-117210.hdr.sgml : 20190424
<ACCEPTANCE-DATETIME>20190424164602
ACCESSION NUMBER:		0001193125-19-117210
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190418
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190424
DATE AS OF CHANGE:		20190424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEGASYSTEMS INC
		CENTRAL INDEX KEY:			0001013857
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				042787865
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11859
		FILM NUMBER:		19764359

	BUSINESS ADDRESS:	
		STREET 1:		ONE ROGERS STREET
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02142-1209
		BUSINESS PHONE:		6173749600

	MAIL ADDRESS:	
		STREET 1:		ONE ROGERS STREET
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02142-1209
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d738466d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>Form <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Current
Report </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): April&nbsp;18, 2019 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Pegasystems Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission
File <FONT STYLE="white-space:nowrap">Number:&nbsp;1-11859</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Massachusetts</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">04-2787865</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>One Rogers Street, Cambridge, Massachusetts 02142 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices, including zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">617-374-9600</FONT></FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
chapter) or Rule&nbsp;12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) On April&nbsp;18, 2019, the Board of Directors (the
&#147;Board&#148;) of Pegasystems Inc. (the &#147;Corporation&#148;) appointed Christopher Lafond as a new member of the Board effective April&nbsp;22, 2019. Mr.&nbsp;Lafond&#146;s term will expire at the next annual meeting of the
Corporation&#146;s stockholders, at which time Mr.&nbsp;Lafond will stand for election. Mr.&nbsp;Lafond&#146;s appointment expands the size of the Board from eight to nine members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Lafond,<I> </I>53, currently serves as the Chief Financial Officer and member of the board of Insurity, Inc., a role he has held
since May 2017. From June 2015 to June 2017, Mr.&nbsp;Lafond served as the Executive Vice President and Chief Financial Officer of Intralinks Holdings, Inc. From October 1995 to June 2014, Mr.&nbsp;Lafond held a variety of roles at Gartner, Inc.,
including as Executive Vice President and Chief Financial Officer from 2003 to 2014. Previously at Gartner, he served as Chief Financial Officer for Gartner&#146;s North America and Latin America operations, Group Vice President and North American
Controller, Director of Finance, Vice President of Finance and Assistant Controller.&nbsp;From August 2017 to January 2019, Mr.&nbsp;Lafond was a member of the board of SiriusDecisions Inc. Mr.&nbsp;Lafond holds a B.A. in Economics from University
of Connecticut and an M.B.A. degree from the Columbia University Graduate School of Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Lafond will participate in the
Corporation&#146;s <FONT STYLE="white-space:nowrap">non-employee</FONT> director compensation program. Pursuant to this program, Mr.&nbsp;Lafond will receive a grant of restricted stock units, vesting in one installment, valued at $125,000, based on
the fair market value of the Corporation&#146;s common stock on the May&nbsp;1, 2019 grant date, and a cash retainer of $55,000. Both the equity award and the cash retainer will be prorated for the period of service from the date of
Mr.&nbsp;Lafond&#146;s appointment to the Board to the next annual meeting of stockholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with his appointment, the
Corporation and Mr.&nbsp;Lafond also entered into a Director Indemnification Agreement effective as of April&nbsp;22, 2019 (the &#147;Director Indemnification Agreement&#148;), in substantially the same form as the indemnification agreements entered
into by the other <FONT STYLE="white-space:nowrap">non-employee</FONT> directors on the Board. The Director Indemnification Agreement will require the Corporation to indemnify Mr.&nbsp;Lafond against certain liabilities that may arise by reason of
his status or service as a director of the Corporation, and to advance him the expenses incurred as a result of a proceeding as to which he may be indemnified. The Director Indemnification Agreement is intended to provide rights of indemnification
to the fullest extent permitted under the Massachusetts Business Corporation Act and is in addition to any other rights Mr.&nbsp;Lafond may have under the Corporation&#146;s Articles of Organization, its
<FONT STYLE="white-space:nowrap">By-laws,</FONT> and applicable law. The foregoing description of the Director Indemnification Agreement is qualified entirely by reference to the form of Director Indemnification Agreement that was filed with the
Securities and Exchange Commission as Exhibit&nbsp;99.1 to the Corporation&#146;s Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> filed on April&nbsp;11, 2005, and is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On April&nbsp;24, 2019, the Corporation issued a press release announcing Mr.&nbsp;Lafond&#146;s appointment to the Board. A copy of the press
release is filed with this <FONT STYLE="white-space:nowrap">Form&nbsp;8-K</FONT> as Exhibit 99.1. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Exhibits </B></P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><A HREF="d738466dex991.htm">Press Release issued by the Corporation on April&nbsp;24, 2019</A>
</P></TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Signature(s) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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 hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Pegasystems Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: April&nbsp;24, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Matthew J. Cushing</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Matthew J. Cushing</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President, General Counsel and Secretary</TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d738466dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g738466g53h85.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Pegasystems Appoints Christopher Lafond to its Board of Directors </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CAMBRIDGE, Mass. &#150; April 24, 2019 &#150; </B><U>Pegasystems Inc.</U> (NASDAQ: PEGA), the software company empowering digital transformation at the
world&#146;s leading enterprises, today announced it has appointed Christopher Lafond to its board of directors. Mr.&nbsp;Lafond brings to Pega more than two decades of executive leadership experience working with large, publicly-traded,
multinational companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Lafond, 53, currently serves as chief financial officer and board member for <U>Insurity</U>, a property and casualty
insurance technology and services provider. He has deep experience developing and executing long range corporate initiatives while maintaining focus on the business models and strategic objectives that maximize value creation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Previously, he was executive vice president and chief financial officer of <U>Intralinks</U>, a global leader in secure content collaboration <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">software-as-a-service</FONT></FONT></FONT> (SaaS) solutions. Prior to that, Mr.&nbsp;Lafond held a number of executive positions at <U>Gartner</U>,
including chief financial officer and executive vice president, where he developed a financial strategy that resulted in a seven-times increase in market cap through the delivery of consistent double-digit organic revenue growth. He has also served
as a member of the board for <U>SiriusDecisions</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">He holds a B.A. in economics from the University of Connecticut, and an M.B.A. from the Columbia
University Graduate School of Business. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Quotes&nbsp;&amp; Commentary: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Chris&#146; blend of financial leadership and industry expertise working with large, publicly traded companies makes him ideally positioned to offer
fresh perspective on driving successful business strategies,&#148; said Alan Trefler, founder and CEO, Pegasystems. &#147;We look forward to his contributions as Pega continues to grow and innovate.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;As a key driver behind many of the world&#146;s foremost organizations&#146; digital transformation success stories, Pega has proven itself to be an
industry leader,&#148; said Mr.&nbsp;Lafond. &#147;I am excited to work with the management team and fellow board members to contribute to such an innovative company and its clients.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Pegasystems </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pegasystems Inc. is the leader in
software for customer engagement and operational excellence. Pega&#146;s adaptive, cloud-architected software &#150; built on its unified Pega Platform<SUP STYLE="font-size:85%; vertical-align:top">TM</SUP> &#150; empowers people to rapidly deploy
and easily extend and change applications to meet strategic business needs. Over its <FONT STYLE="white-space:nowrap">35-year</FONT> history, Pega has delivered award-winning capabilities in CRM and digital process automation (DPA) powered by
advanced artificial intelligence and robotic automation, to help the world&#146;s leading brands achieve breakthrough business results. For more information on Pegasystems (NASDAQ: PEGA) visit <U>http://www.pega.com/</U>. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Press Contact: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ilena Ryan </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pegasystems Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ilena.ryan@pega.com</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(617)
<FONT STYLE="white-space:nowrap">866-6722</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Twitter: @pega </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>All trademarks are the property of their respective owners. </I></P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g738466g53h85.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g738466g53h85.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M,5&7C/#I]5/-<\H2AN4G<VZD84 % !0 4 % !0 4 >>^-/BQI7ADR6=B%O\
M4AP45ODC/^T?7V%;TZ+GJ]B7*QX3XA\9:YXHF+ZE?.T6?E@0[8U_ 5V1IQAL
M0VV8/2K$% 'TQ\&X)8/AS:&7/[R61US_ '2W%>?7=YFD=BM\4_B"WA:S73--
M<?VK<KG=U\E/[WU/:G1I\SN]@D['SG//+<SO//(TLSG<SN<DGW-=Z5MC,90
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MI_#%7/$?RB43U?2]&T[1;86^FV4-K$.T:@9^OK7,Y-[E[%ZD 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 @50Q( !/4^M "T % !0 4 % !0 4 % !0 4
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M#TCPA=ZMX2UC7HL^7I^W"X^_W;\AS^-=LIJ,E$SMH>B_ KQ'M>\\/3OP?W\
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9EZ7;VDS+L9HEP2/2FYN6[%:QL5(PH __V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
