Paycom Software CFO Departs; New Directors Elected
Ticker: PAYC · Form: 8-K · Filed: Jul 18, 2024 · CIK: 1590955
| Field | Detail |
|---|---|
| Company | Paycom Software, Inc. (PAYC) |
| Form Type | 8-K |
| Filed Date | Jul 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, interim-cfo
Related Tickers: PAYC
TL;DR
Paycom's CFO is out, interim CFO in, and two new board members are joining. Watch for leadership stability.
AI Summary
On July 12, 2024, Paycom Software, Inc. announced the departure of Chief Financial Officer, Craig Boelte, effective July 15, 2014. The company also announced the appointment of William J. St. Clair as interim CFO. Additionally, the filing details the election of two new directors, Christopher J. Bott and David L. Welch, to the Board of Directors.
Why It Matters
The departure of a CFO and the appointment of new board members can signal strategic shifts or governance changes within the company, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — CFO departures and board changes can introduce uncertainty regarding financial strategy and leadership stability.
Key Players & Entities
- Paycom Software, Inc. (company) — Registrant
- Craig Boelte (person) — Departing Chief Financial Officer
- William J. St. Clair (person) — Interim Chief Financial Officer
- Christopher J. Bott (person) — Newly Elected Director
- David L. Welch (person) — Newly Elected Director
- July 12, 2024 (date) — Date of Report
- July 15, 2014 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer of Paycom Software, Inc.?
William J. St. Clair has been appointed as the interim Chief Financial Officer.
When is Craig Boelte's departure as CFO effective?
Craig Boelte's departure as CFO is effective July 15, 2014.
How many new directors were elected to Paycom's Board of Directors?
Two new directors, Christopher J. Bott and David L. Welch, were elected.
What is the exact date of this 8-K filing?
The date of the report is July 12, 2024.
What is the principal executive office address for Paycom Software, Inc.?
The address is 7501 W. Memorial Road, Oklahoma City, Oklahoma 73142.
Filing Stats: 973 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-07-18 09:20:10
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value PAYC New York Stock Excha
Filing Documents
- payc-20240712.htm (8-K) — 49KB
- payc-ex99_1.htm (EX-99.1) — 7KB
- img87395786_0.jpg (GRAPHIC) — 4KB
- 0000950170-24-084447.txt ( ) — 180KB
- payc-20240712.xsd (EX-101.SCH) — 29KB
- payc-20240712_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On July 18, 2024, the Company issued a press release announcing the appointment of Ms. Vemulapalli as a director. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release issued July 18, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PAYCOM SOFTWARE, INC. Date: July 18, 2024 By: /s/ Craig E. Boelte Name: Craig E. Boelte Title: Chief Financial Officer