# EDGAR Filing Document

**Accession Number:** 0001031308
**File Stem:** 0001628280-23-001545
**Filing Date:** 2023-1
**Character Count:** 7849
**Document Hash:** 88388a42bf7bfc6c4d36aed356ea7a8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-001545.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001628280-23-001545

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230125

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BENTLEY SYSTEMS INC
- **CENTRAL INDEX KEY:** 0001031308
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 953936623
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39548
- **FILM NUMBER:** 23552868

**BUSINESS ADDRESS:**
- **STREET 1:** 690 PENNSYLVANIA DR
- **CITY:** EXTON
- **STATE:** PA
- **ZIP:** 19341

?xml version="1.0" ? bsy-20230125

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

___________________________________

**FORM 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): **January 25, 2023**

___________________________________

**BENTLEY SYSTEMS, INCORPORATED**

(Exact name of registrant as specified in its charter)

___________________________________

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39548** | **95-3936623** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| **685 Stockton Drive** | | |
| **Exton, Pennsylvania** | | **19341** |
| (Address of principal executive offices) | | (Zip Code) |

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Registrant's telephone number, including area code: **(610) 458-5000**

___________________________________

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:

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

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

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

☐ 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:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Class B common stock, par value $0.01 per share | BSY | The Nasdaq Stock Market LLC |

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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 ☐

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. ☐

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**Item 8.01 Other Events.**

On January 25, 2023, Bentley Systems, Incorporated announced that its Board of Directors declared a $0.05 per share dividend for the first quarter of 2023. The cash dividend will be payable on March 7, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on February 21, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits.**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Press release dated January 25, 2023](exhibit991pr12523.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**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 hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | Bentley Systems, Incorporated | Bentley Systems, Incorporated |
| Date: January 25, 2023 | By: | /s/ DAVID R. SHAMAN |
|  | Name: | David R. Shaman |
|  | Title: | Chief Legal Officer and Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![image_0.jpg](image_0.jpg)

*Press Release*

**BSY Investor Contact:** 

Eric Boyer

Investor Relations Officer

<u>eric.boyer@bentley.com</u>

**Bentley Systems, Incorporated Declares First Quarter 2023 Dividend**

EXTON, Pa. – Jan. 25, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the *infrastructure engineering software* company, today announced that its Board of Directors increased by two cents the regular quarterly dividend effective from the first quarter of 2023 and declared a $0.05 per share dividend for the first quarter of 2023. The cash dividend is payable on March 7, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on February 21, 2023.

CFO Werner Andre said, "Our increased dividend reflects our strong cash flow generation and commitment to broadly balanced capital allocation between acquisitions, dividends, repurchase of stock and convertible debt to offset dilution from stock-based compensation, and deleveraging."

##

**About Bentley Systems**

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent's leading geoprofessional software portfolio, and the iTwin Platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.

<u>www.bentley.com</u>

This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a

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quarterly cash dividend in the foreseeable future. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors. For example, macroeconomic conditions, pandemic consequences, a change in business needs including working capital, or a change in income tax law relating to dividends, could cause the company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the company's filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2022, and subsequent filings.© 2023 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

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