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): May 22, 2025

 

 

BENTLEY SYSTEMS, INCORPORATED

(Exact name of registrant as specified in its charter)

 

 

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)

 

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:

 

Title of each class		Trading Symbol		Name of each exchange on which registered
Class B Common Stock, $0.01 Par Value		BSY		The Nasdaq Stock Market LLC

 

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.  ¨

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

Bentley Systems, Incorporated (the “Company”) held its 2025 Annual Meeting of Stockholders (“Annual Meeting”) on May 22, 2025. The matters voted upon and the final voting results were as stated below. Holders of the shares of the Company’s Class A Common Stock were entitled to 29 votes per share held as of the close of business on March 31, 2025 (the “Record Date”) and holders of the shares of the Company’s Class B Common Stock were entitled to one vote per share held as of the Record Date. Holders of the shares of Class A Common Stock and Class B Common Stock voted together as a single class on all matters (including the election of directors) submitted to a vote of stockholders at the Annual Meeting. The proposals related to each matter are described in detail in the Company’s definitive proxy statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on April 11, 2025. Each director will serve for the ensuing year and until his or her successor is duly elected and qualified.

 

Proposal No. 1 — Election of Directors

 

	Votes For		Votes Withheld		Broker Non-Votes
Barry J. Bentley, Ph.D.	539,781,747		24,755,749		14,844,467
Gregory S. Bentley	538,139,320		26,398,176		14,844,467
Keith A. Bentley	539,786,562		24,750,934		14,844,467
Raymond B. Bentley	539,870,011		24,667,485		14,844,467
Nicholas H. Cumins	545,284,085		19,253,411		14,844,467
Kirk B. Griswold	518,039,265		46,498,231		14,844,467
Janet B. Haugen	514,413,918		50,123,578		14,844,467
Brian F. Hughes	526,940,133		37,597,363		14,844,467

 

Proposal No. 2 — Advisory (Non-Binding) Vote to Approve the Compensation of the Company’s Named Executive Officers

 

							Broker
	Votes For		Votes Against		Abstentions (1)		Non-Votes (1)
Proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as described in the proxy statement.	546,182,777		18,262,788		91,931		14,844,467

 

(1)

Abstentions and broker non-votes have no effect on the outcome of the vote on this proposal.

 

Proposal No. 3 — Ratification of Independent Registered Public Accounting Firm

 

	Votes For		Votes Against		Abstentions
Proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2025.	574,278,173		4,990,970		112,820

 

 

Item 8.01 Other Events.

 

On May 23, 2025, Bentley Systems, Incorporated announced that its Board of Directors declared a $0.07 per share dividend for the second quarter of 2025. The cash dividend will be payable on June 12, 2025 to all stockholders of record of Class A and Class B Common Stock as of the close of business on June 3, 2025. 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.

 

Exhibit No.		Description
99.1		Press release dated May 23, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

		Bentley Systems, Incorporated
Date: May 27, 2025		By:	/s/ DAVID R. SHAMAN
		Name:	David R. Shaman
		Title:	Chief Legal Officer and Secretary