# EDGAR Filing Document

**Accession Number:** 0001013857
**File Stem:** 0001193125-23-039799
**Filing Date:** 2023-2
**Character Count:** 9027
**Document Hash:** 965ca951b396db9ccfa701d97c82c69c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-039799.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001193125-23-039799

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230215

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**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:** 23633728

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MAIN STREET
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142-1531
- **BUSINESS PHONE:** 6173749600

**MAIL ADDRESS:**
- **STREET 1:** ONE MAIN STREET
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142-1531

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### Current Report

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): February 15, 2023

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## PEGASYSTEMS INC.

#### (Exact name of Registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Massachusetts** | **1-11859** | **04-2787865** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

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#### One Main Street, Cambridge, MA 02142

#### (Address of principal executive offices, including zip code)
(617) 374-9600

#### (Registrant's telephone number, including area code)

#### Not Applicable

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

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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**<br> **symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock, $.01 par value per share | PEGA | NASDAQ Global Select Market |

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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 7.01.** | **Regulation FD Disclosure**  |

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Pegasystems Inc. (the "Company") today sent to its employees the email attached as Exhibit 99.1 with respect to the lawsuit styled *Appian Corp. v. Pegasystems Inc. & Youyong Zou.*

#### Note Regarding Forward-Looking Statements
The statements contained in this Form 8-K that are not purely historical may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.

Words such as expects, anticipates, intends, plans, believes, will, could, should, estimates, may, targets, strategies, intends to, projects, forecasts, guidance, likely, and usually, or variations of such words and other similar expressions identify forward-looking statements, which are based on current expectations and assumptions.

These forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. While the Company's expectations, beliefs and estimates are expressed in good faith and the Company believes there is a reasonable basis for them, there can be no assurance that future developments affecting the Company will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: unfavorable outcomes of existing or future litigation or dispute resolution proceedings; risks and other uncertainties associated with assumptions and estimates used to prepare financial statements; and other risks and uncertainties discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 16, 2022, under the heading "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 filed on April 28, 2022, under the heading "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 filed on July 27, 2022, under the heading "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 filed on October 26, 2022, and in other reports that we file with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable laws.

The forward looking statements in this Form 8-K represent our view as of February 15, 2023.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits**  |

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| | |
|:---|:---|
| **Exhibit**<br>**No.** | **Description** |
| 99.1 | [Email to employees of Pegasystems Inc. sent on February 15, 2023](d466923dex991.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

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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 thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **Pegasystems Inc.** | **Pegasystems Inc.** |
| Dated: February 15, 2023 | By: | /s/ Kenneth Stillwell |
|  |  | **Kenneth Stillwell** |
|  |  | Chief Operating Officer and Chief Financial Officer (Principal Financial Officer) |

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## Exhibit 99.1

**<u>Exhibit 99.1</u>**

Subject: Happy to see experts filing opinions on Appian case

Team Pega,

I wanted to share another positive development in the Appian case.

Unsurprisingly, the case has the attention of trade secret experts. On Monday, three prominent voices in the intellectual property (IP) space – a leading legal association, as well as two renowned law professors – shared their views of the case in court filings. Their impartial perspective is important: their motivations aren't about helping Pega, but about preventing dangerous legal precedents this judgment could set if it were allowed to stand.

The American Intellectual Property Law Association (AIPLA) – a national organization of IP lawyers – focused on the trial court erroneously instructing the jury, saying:

• "In what can be an emotionally-charged environment for trial, it is particularly important that the jury be
instructed in clear and unambiguous terms."

• The trial court's instruction was "not consistent with [Appian's] burden to prove causation"
for their damages claims, which "makes the instruction improper."

In addition, Professors Pamela Samuelson and Mark Gergen – two of the nation's preeminent IP legal scholars – wrote that:

• The court gave the jury an instruction that was "deeply flawed," and that it engaged in a "glaring
error" that "overlooked [a] basic requirement" of trade secrets law.

• They also said that "the court's decision flies in the face" of the law.

It's gratifying to see these experts making some of the same key points we made in our appeal about the errors in the case. You can read these filings in full on our website (<u>www.pega.com/appian-lawsuit-statement</u>). As with our appeal, feel free to share these with clients and/or partners who may have questions or who you think would be interested in seeing this information.

Thanks,

Ken

**Ken Stillwell \| Chief Operating Officer and Chief Financial Officer \| Pegasystems Inc.**