<SEC-DOCUMENT>0000876167-20-000082.txt : 20200415
<SEC-HEADER>0000876167-20-000082.hdr.sgml : 20200415
<ACCEPTANCE-DATETIME>20200415090153
ACCESSION NUMBER:		0000876167-20-000082
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20200415
DATE AS OF CHANGE:		20200415
EFFECTIVENESS DATE:		20200415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROGRESS SOFTWARE CORP /MA
		CENTRAL INDEX KEY:			0000876167
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				042746201
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19417
		FILM NUMBER:		20792750

	BUSINESS ADDRESS:	
		STREET 1:		14 OAK PARK DRIVE
		CITY:			BEDFORD
		STATE:			MA
		ZIP:			01730
		BUSINESS PHONE:		781-280-4473

	MAIL ADDRESS:	
		STREET 1:		14 OAK PARK DRIVE
		CITY:			BEDFORD
		STATE:			MA
		ZIP:			01730
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>defa14avirtualmeeting2020.htm
<DESCRIPTION>DEFA14A
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2020 Workiva -->
		<title>Document</title>
	</head>
	<body><div style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s51DB2A44014252CBB16387169966DC06"></a></div><div style="line-height:173%;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:173%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SCHEDULE 14A</font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Proxy Statement Pursuant to Section&#160;14(a) of the </font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Securities Exchange Act of 1934</font></div><div style="line-height:173%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Filed by the Registrant </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div><div style="line-height:173%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Filed by a Party other than the Registrant&#160;</font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div><div style="line-height:173%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box:</font></div><div style="line-height:120%;padding-left:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:77.38791423001949%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:6%;"></td><td style="width:94%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preliminary&#160;Proxy&#160;Statement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Confidential,&#160;For&#160;Use&#160;of&#160;the&#160;Commission&#160;Only (as&#160;permitted&#160;by&#160;Rule&#160;14a-6(e)(2))</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Definitive&#160;Proxy&#160;Statement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Definitive Additional Materials</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting Material Pursuant to &#167;240.14a-12</font></div></td></tr></table></div></div><div style="line-height:173%;padding-top:9px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:173%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PROGRESS SOFTWARE CORPORATION</font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Name of Registrant as Specified in Its Charter)</font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:173%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</font></div><div style="line-height:173%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Payment of Filing Fee (Check the appropriate box):</font></div><div style="line-height:120%;padding-left:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:88%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No fee required.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title of each class of securities to which transaction applies:</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Aggregate number of securities to which transaction applies:</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proposed maximum aggregate value of transaction:</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fee paid:</font></div></td></tr></table></div></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:18px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:88%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fee paid previously with preliminary materials.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td><td colspan="3" style="vertical-align:middle;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing Form or Schedule and the date of its filing.</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts Previously Paid:</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Form, Schedule or Registration Statement No.:</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Filing Party:</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:1px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date Filed:</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><hr style="page-break-after:always"><div><a name="se34ee41127c442f5a41db0d6777f6157"></a></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Progress Software Corporation</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14 Oak Park Drive</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bedford, MA 02067</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IMPORTANT NOTICE</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ADDITIONAL INFORMATION REGARDING THE ANNUAL MEETING OF STOCKHOLDERS </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TO BE HELD ON THURSDAY, MAY 14, 2020</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These supplemental proxy materials relate to the Notice of Annual Meeting and Proxy Statement for the 2020 Annual Meeting of Stockholders (the "Proxy Statement") of Progress Software Corporation (the "Company"), dated March 27, 2020, furnished to stockholders of the Company in connection with the solicitation of proxies by the Board of Directors of the Company for use at the Annual Meeting of Stockholders to be held on Thursday, May 14, 2020 at 10:00 a.m. Eastern time.  These supplemental proxy materials are being filed with the Securities and Exchange Commission and are being made available to stockholders on April 15, 2020.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PLEASE READ THESE MATERIALS CAREFULLY IN CONJUNCTION WITH THE PROXY STATEMENT.</font></div><div><br></div><hr style="page-break-after:always"><div><a name="s207ea7e3e5ba427fa24f07263855f2c0"></a></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTICE OF CHANGE IN LOCATION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OF ANNUAL MEETING OF STOCKHOLDERS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TO BE HELD ON MAY 14, 2020</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dear Stockholders:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Due to the public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of our stockholders, employees and the community, NOTICE IS HEREBY GIVEN that the 2020 Annual Meeting of Stockholders (the "Annual Meeting") of Progress Software Corporation (the "Company," "Progress," "we," "us" and "our") has been changed to a virtual meeting format only.  You will not be able to attend the Annual Meeting in person.  As previously announced, the Annual Meeting will be held on Thursday, May 14, 2020 at 10:00 a.m. Eastern time. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Access to the Audio Webcast of the Annual Meeting</font><font style="font-family:inherit;font-size:10pt;">.  As described in the proxy materials for the Annual Meeting previously distributed, stockholders as of the close of business on March 20, 2020, the record date, or their duly appointed proxies, may attend the meeting.  The live audio webcast of the Annual Meeting can be accessed on the day of the meeting at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:inherit;font-size:10pt;">&#32;and will begin promptly at 10:00 a.m. Eastern time.  Online access to the audio webcast will be open 10 minutes prior to the start of the Annual Meeting to allow time to log in.  We encourage you to access the meeting in advance of the designated start time. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Log-in Instructions</font><font style="font-family:inherit;font-size:10pt;">.  To attend the virtual Annual Meeting, you will need to log in to </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:inherit;font-size:10pt;">&#32;using the 16-digit control number found on your proxy card or voting instruction form you have previously received. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Submitting Questions during the Annual Meeting</font><font style="font-family:inherit;font-size:10pt;">.  Once admitted to the Annual Meeting, stockholders will be able to submit questions on the virtual meeting website, subject to time constraints: </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Voting</font><font style="font-family:inherit;font-size:10pt;">. Stockholders may vote their shares in advance of the Annual Meeting at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.proxyvote.com</font><font style="font-family:inherit;font-size:10pt;">&#32;or by telephone or mail, or may vote online during the meeting at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:inherit;font-size:10pt;">&#32;by following the instructions available on the virtual meeting website. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Stockholder List</font><font style="font-family:inherit;font-size:10pt;">. A list of registered holders entitled to vote at the Annual Meeting will be available for inspection during the Annual Meeting at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:inherit;font-size:10pt;">, using the 16-digit control number as described above, for a purpose germane to the Annual Meeting.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Technical Assistance</font><font style="font-family:inherit;font-size:10pt;">. Beginning 10 minutes prior the Annual Meeting, we will have support available should you experience any technical difficulties in accessing the virtual meeting.  Instructions for requesting technical assistance will be located at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Replay</font><font style="font-family:inherit;font-size:10pt;">. A&#160;replay&#160;of our Annual Meeting audio webcast will be available on our Investor Relations website at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">http://investors.progress.com/</font><font style="font-family:inherit;font-size:10pt;">&#32;through June 2020.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Whether or not you plan to attend the Annual Meeting, we urge you to vote in advance of the meeting by one of the methods described in the previously distributed proxy materials.  </font><font style="font-family:inherit;font-size:10pt;">If you have already voted, you do not need to vote again.  The proxy card included with the proxy materials that you previously received will not be updated to reflect the change in location and may continue to be used to vote your shares.  </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Please note that we intend to return to in-person annual stockholder meetings when it is feasible to do so.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By Order of the Board of Directors,</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;"><img src="stevea01.jpg" alt="stevea01.jpg" style="height:33px;width:122px;"></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stephen H. Faberman</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Secretary</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">April 15, 2020</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our proxy statement and annual report will be available on the virtual meeting site upon log in. These materials are also available at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.proxyvote.com</font><font style="font-family:inherit;font-size:10pt;">&#32;or on our Investor Relations website at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">http://investors.progress.com/</font><font style="font-family:inherit;font-size:10pt;">.  Additionally, the proxy materials may be accessed at </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">https://www.sec.gov</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><a name="sA8E748EDC2BE58B7B230ABABC10B8979"></a></div><div><div style="line-height:120%;text-align:left;"><img src="progresslogoa02.jpg" alt="progresslogoa02.jpg" style="height:57px;width:188px;"></div></div><div><br></div><div style="line-height:120%;padding-bottom:9px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0033ff;font-weight:bold;">P R E S S   A N N O U N C E M E N T</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:24%;"></td><td style="width:48%;"></td><td style="width:28%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investor Contact:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Press Contact:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brian Flanagan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Erica McShane</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Progress Software</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Progress Software</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+1 781 280 4817</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+1 888 365 2779 (x3135)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">flanagan@progress.com</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">erica.mcshane@progress.com</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:4px;padding-top:12px;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Progress Software Corporation Announces Change </font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">to a Virtual-Only Format for its 2020 Annual Meeting of Stockholders</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Bedford, MA</font><font style="font-family:Arial;font-size:10pt;">&#160;- April 15, 2020&#160;- </font><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">Progress</font><font style="font-family:Arial;font-size:10pt;">&#160;(NASDAQ: PRGS), the leading provider of application development and deployment technologies, today announced that, in light of public health concerns related to the COVID-19 pandemic, its 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed to a virtual meeting format. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Progress previously advised in its Notice of 2020 Annual Meeting of Stockholders that the Annual Meeting may be held by means of remote communication, and today confirmed that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its stockholders, employees and the community, the Annual Meeting will be held in a virtual meeting format only. Attendees will not be able to attend the Annual Meeting in person. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As previously announced, the Annual Meeting will be held on Thursday, May 14, 2020 at 10:00 a.m. Eastern time. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Access to the Audio Webcast of the Annual Meeting</font><font style="font-family:Arial;font-size:10pt;">. As described in the proxy materials for the Annual Meeting previously distributed, stockholders as of the close of business on March 20, 2020, or their duly appointed proxies, may attend the meeting. The live audio webcast of the Annual Meeting can be accessed on the day of the meeting at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:Arial;font-size:10pt;">&#32;and will begin promptly at 10:00 a.m. Eastern time. Online access to the audio webcast will be open 10 minutes prior to the start of the Annual Meeting to allow time to log in. Progress encourages participants to access the meeting in advance of the designated start time. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Log-in Instructions</font><font style="font-family:Arial;font-size:10pt;">. To attend the virtual Annual Meeting, participants will need to log in to </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:Arial;font-size:10pt;">&#32;using the 16-digit control number found on the proxy card or voting instruction form they have previously received. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Submitting Questions during the Annual Meeting</font><font style="font-family:Arial;font-size:10pt;">. During the Annual Meeting, stockholders will be able to submit questions on the virtual meeting website, subject to time constraints: </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Voting</font><font style="font-family:Arial;font-size:10pt;">. Stockholders may vote their shares at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.proxyvote.com</font><font style="font-family:Arial;font-size:10pt;">&#32;or by telephone or mail in advance of the Annual Meeting or may vote online during the meeting at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:Arial;font-size:10pt;">&#32;by following the instructions available on the virtual meeting website.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Stockholder List</font><font style="font-family:Arial;font-size:10pt;">. A list of registered holders entitled to vote at the Annual Meeting will be available for inspection during the Annual Meeting at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:Arial;font-size:10pt;">, using the 16-digit control number as described above, for a purpose germane to the Annual Meeting.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Technical Assistance</font><font style="font-family:Arial;font-size:10pt;">. Beginning 10 minutes prior the Annual Meeting, Progress will have support available should participants experience any technical difficulties in accessing the virtual meeting. Instructions for requesting technical assistance will be located at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.virtualshareholdermeeting.com/PRGS2020</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">Replay</font><font style="font-family:Arial;font-size:10pt;">. A&#160;replay&#160;of the Annual Meeting audio webcast will be available on Progress's Investor Relations website at                </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">http://investors.progress.com/</font><font style="font-family:Arial;font-size:10pt;">&#32;through June 2020.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Progress's proxy statement and annual report will be available on the virtual meeting site upon log in. These materials are also available at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">www.proxyvote.com</font><font style="font-family:Arial;font-size:10pt;">&#32;or on Progress's Investor Relations website at                              </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">http://investors.progress.com/</font><font style="font-family:Arial;font-size:10pt;">. Additionally, the proxy materials may be accessed at </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">https://www.sec.gov</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Stockholders are urged to vote in advance of the meeting by one of the methods described in the previously distributed proxy materials, whether or not they plan to attend the Annual Meeting. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The proxy card included with the proxy materials previously received by stockholders will not be updated to reflect the change in location and may continue to be used to vote shares.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Progress intends to return to in-person annual stockholder meetings when it is feasible to do so.</font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">About Progress</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">Progress</font><font style="font-family:Arial;font-size:10pt;color:#0000ff;">&#32;</font><font style="font-family:Arial;font-size:10pt;">(NASDAQ: PRGS) offers the leading platform for developing and deploying strategic business applications. We enable customers and partners to deliver modern, high-impact digital experiences with a fraction of the effort, time and cost.&#160; Progress offers powerful tools for easily building adaptive user experiences across any type of device or touchpoint, the flexibility of a cloud-native app dev platform to deliver modern apps, leading data connectivity technology, web content management, business rules, secure file transfer, network monitoring, plus award-winning machine learning that enables cognitive capabilities to be a part of any application. Over 1,700 independent software vendors, 100,000 enterprise customers, and two million developers rely on Progress to power their applications. Learn about Progress at&#160;</font><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">www.progress.com</font><font style="font-family:Arial;font-size:10pt;">&#160;or +1-800-477-6473.</font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Progress and Progress Software are trademarks or registered trademarks of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries.&#160;Any other names contained herein may be trademarks of their respective owners.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div></div>	</div></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>progresslogoa02.jpg
<TEXT>
begin 644 progresslogoa02.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !7 1L# 2(  A$! Q$!_\0
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M<74R_P!DG6/&/PI^'/Q"\2?%F[\0VFG::T+06^O-*SHJJQ<Q"0\[V>-1C@L
M*^?_ !5^T;\9/VF?&SZ+X-?4M.M92QMM'T*4PE(@<;II@5)ZC)9@F3P!FOHS
M_@I'XBN--^#NBZ5"Y2/4]67S\?Q)'&[;3_P+8?\ @-,_X)O>#[/3?A+K'B(1
M*=2U34G@:;'S"&)5"IG_ 'FD/XCTHZ7'Y'S=XF^'_P"T=\";#_A);N^\06=C
M"0\UU::O]KCC_P"NJ*[#;[LNWWKZH_8[_:TF^-D<_AGQ0(8?%MG#YT=Q"H1+
M^(8#-MZ+(N1D#@@Y &"!]-WEG!J%G/:W4*7%M.C12PR*&5T88*D'J""17Y/?
M#J)OA+^V-IFFZ>[+#IWBQM)4YY,#7!MR#]48T?$@V/O7]JW]I"']GWP; ]E%
M%>^)]4+1Z?;3<H@4#?,X')5<@ =R1V!Q\0^%]'_:'_:4:XU[3=2UW4;-9"/M
M3ZD+*U#CJL2[D7C_ &!QWJW_ ,%!/$-QK'[15]8RLQATFPM;6)>P#)YQ/YRG
M\A7Z1_#OPK9^!_ F@:!81+%:Z?910*%&,D*-S'W8Y)/<DFE\*#=GYC>+/BY\
M=_@K8W_@?Q-K6MZ9+<+')#+=73//$%<'=!<JQ)4X*D!BN"1@&OK;_@GWXV\0
M^.OAGXBN_$6MZAKMU#JYBCFU&Y>=T3R8SM!8D@9)./>H_P#@HMX5L]6^"-IK
M,D2_;])U*+R9L?,$E!1TSZ$[#_P 5D_\$T?^23^*/^PV?_1$5/=!U/E/P]^U
M=\2?!'BW4KX^*=6UDJEQ!!:ZE?2S6\;ME5D,;$ABG4 \9 [<5TOP^M_V@O&7
MCKPUK%S=>/%T[4-2MEDU(M=);K"\JAGP,*(]I)Z;<5R/[-_A*S\<?M.>&=)U
M"%;BS;4YKB2&095Q"DDVTCN"8P".XK]=*&["6I\C_MC_ +8%Y\)[[_A#/!KQ
M#Q*T2R7NH2()!8JPRJ*IX,A!#?," "."3Q\_:7\&_P!ISXB::GB07?B(B=?.
MA^VZY]FE<'D%8VD!0>@(7VKR?6/B/&WQ^O\ QMK&FC7HDUV34'T^67RUF592
MR1EMK84848P>!BOJ#_AY_-_T3=/_  =G_P"1Z=FM@WW.0^#O[8'Q ^"WCI?"
MOQ0>_P!1TJ.807:ZHI:^L<X_>!S\TBX(.&)R.5/K]H_'[XVV?P6^%%UXNCCC
MU*60QPZ="'_=SS2 E"2/X0H9CCJ%..M?FO\ M*?'^V_:&\1:5K2^%H_#E]:6
MS6LTB7GV@W";MR9_=IC;E_7.[VKZOM_AOJ_[2'[!O@^QLI!)KM@HGLHY7VB9
MK:2:W$98],QY )XSC.!S2:V8(\*\,WG[17[55Q?:II&MZG_9D,QBD>WO_P"S
M[*)\ ^6JJR[B 1V8@$9//-?Q=)^T1^R[=66I:MKVL0V$LNR*=]0^WV4CXSL9
M6+ $@'[P!(!QTK*^$_[1'Q'_ &4;B^\,W&BJMF]P9YM'UJV>)TD("L\; @C(
M5?[RG&0.]>^Q_MV?"_XN:'_PC_Q+\&WEG83.CR*C?:[<,IR&)79(,'T4T]0/
MH7]G+XYP?&[X3P^*+F*.POK5WMM3B0GRXYHU#,RYYVE65AGIG&3C-?%OCC]I
M[XL?M'_$63PS\-IK[2M.E=ULK+2Y!;SR1K_RUFGR"N1R1N"C(')Y/W!\)?"/
MPW_X5_=#X>0V:>&=:#F1].E9ED8IL;.XDJP'!!P1CD5^<^L>$_B7^Q?\4CJ]
MI:NB0,\5MJK6YELKZ!OX6/0$@#*Y# CCL:E6&SL]?^!?[3/P]TF;Q -:UN=+
M5#-.-.U]YI44#))3?EQZ@;OI7LW[&'[4VK_%^]O_  #XYDCU*_:T>6TU H$:
MYC&!)%(%P"VULA@!D!L\\GG_  5_P4SB;RX?%_@UE_OW6BW&[\HI,?\ HRO7
MOV=8?@%XQUL>(/AOIEE9>([-&9X&$L5U K@JQ\MF(*X;&5RHR.<TWMJ@]#HM
M&_9LLM+\6/K$E_#,TQ1;FY6V=;V\A3R-D,TAE*%?]&BSMC7/SXV[V)]IHHK,
MHQ/&&H:QIFASW&A:='J=^OW89)-@QZX_BQ_=R,^M?(/C+Q/KWB35I&UZ>=KF
M)BOV>52@A]@G\/\ .OMFN8\:?#G0_'5OMU*U N ,)=P_+*GX]Q['(K\ZXNX;
MQF?4E]5Q#C;[#^!_=K?UNO0^9SG*Z^80_=5+6^R]G_P?6_R.=T'_ )(!_P!P
M2;_T6U?*%?9%YX<;P_\ "N_T6%VO&M]+G@1E3#2?NVQ\HSSS7CG@']G74-6\
MN\\1.VF6A^86J8\]Q[]D_4^PKX;BO(<QS&>7X/#4FY1II2[1M9:O;_/I<\#.
M,OQ.*EAJ-*%VHV?9;;LV/V5\^7XE/;-M_P"U:\T^,7_)3-?_ .NX_P#0%KZS
M\/\ AK3/"NGK9:59QV=N.2J#ECZL>I/N:X*X^!>G:UXVU+7M:G-W#<3;XK&/
M*K@ #YVZGIT&/J:]?-.$L?4R'!Y10:E.$VY/:*3YG?O97MM=]CMQ>38B67T,
M%3LY1>KZ*]_\SY\\$_#_ %KQQ?)'IMHS0*X$MTXVQ1_5NY]AS7VG4%G8V^FV
ML=M:P1VUO&-J11*%51Z "IZ^RX8X9I<-T9QC-SG.W,]EI>UE\WZGMY3E4,KA
M)*7-*5K_ "[?>>'?ML?\FP^-O]RU_P#2N&OF_P#X)C_\C3X[_P"O*U_]#>OK
MK]HGX<ZG\6O@WXB\)Z/-:P:EJ*PB*2]=DB&R>.0[BJL1PAZ \XKR/]CK]F#Q
M7^S]K7B6[\1WND7<6I6\,4(TV>60@HS$[M\:8'S#IFOM_LGM]3ZCHHHJ2CXW
M_P""F7_).?"'_86?_P!$M7=_L _\FW:5_P!?UW_Z--7OVPO@'XA^/WA/0=,\
M.W6FVMQ8WS7,K:E+)&I4QE<*41^<GT%=-^R_\)]8^"WPCLO"^N3V=SJ$-S/,
MTEA([Q;7<L,%E4YQ[57V2>IYQ_P4+\#W/BCX&Q:I9Q-+)H.H1WDP49/D,K1N
M<>Q="?0 UY[_ ,$Y?C%I-OH.J_#[4KR*TU,WAOM.69@OVA755>-,]64INQU(
M<XZ&OMJ_L;;5+&XLKR".ZM+B-H9H)5#)(C##*P/4$$C%?!_Q>_X)R:DNL3ZC
M\.=5M6L)',BZ5J<C1R0<YVQR@$,!VW8('4GK35K68=;GVMX^\?:'\,_"U]X@
M\07T=CI]JA8L[ -(V.$0?Q.>@ ZU^8W[.6DW_P ;/VLM.UEH" VKR^([TKRL
M*I*9AD^AD*)_P(5U=G^P7\9?%5]!%KEY8VEO'\OVB_U-KC8O?:JAC^'%?:O[
M//[..@?L]^'9K73Y&U+6;S:;[59D"M+CHBKSL09.!DG)R2>,&B0;GQC_ ,%&
M/ MSH?QBLO$HB8V&N6*#SL<>?"-C+_WQY1_$^E?:/[./QMT/XP_#;1KNUU"
MZU;VL<.I6#2 30S*H5B5Z[6(R&Z$'U! Z7XM?"7P_P#&CP=<>'/$5NTEM(1)
M#/$0LUM* 0LD;8X89/L02#D&OACQ-_P37\<V.I.- \1:)J=AN_=R7C2VTP'^
MTH1Q^34:-68;,[;_ (*(?&[1+_PWI_P_T?4(=0U!KQ;S43;.'6W5%8)&Q'&X
MLV['4!!GJ*Z7_@FC_P DG\4?]AL_^B(J^?OC)^QTWP%^#LWB;Q%K\.H:_/>P
M6=M9V (MX]VYF)9@&<[4..% YZ]OH?\ X)JVKQ_!OQ%<,,)+KLBK[[;>'/\
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MAWJEGIT=RYF?1M0W)'$Q.3Y4BAL+GHI''KC@+1L-4>]?$#]DGX3>.H;B>_\
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MN<CV'"CV45VVCZ!IGAVU^S:5IMIIEMG/DV<"Q)^2@"K]#?0$@HHHJ1A1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
$% '_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>stevea01.jpg
<TEXT>
begin 644 stevea01.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  R +D# 2(  A$! Q$!_\0
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M5]1,]U8C4;S 8_;IVG/INVL2!WY &>:ZNSTVTT^%8;2VBMH5 "QPH$4?0 4
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%110!_]D!

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