Paycom Software Announces Director Departure, Chairman Appointment
Ticker: PAYC · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1590955
| Field | Detail |
|---|---|
| Company | Paycom Software, Inc. (PAYC) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, officer-appointment
Related Tickers: PAYC
TL;DR
Paycom's board sees a change: Doolan out, Richison steps up as Chairman.
AI Summary
On December 10, 2024, Paycom Software, Inc. filed an 8-K report detailing the departure of Director Robert J. Doolan and the appointment of Chad E. Richison as Chairman of the Board. The filing also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and leadership can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership and board structure can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Paycom Software, Inc. (company) — Registrant
- Robert J. Doolan (person) — Departing Director
- Chad E. Richison (person) — Appointed Chairman of the Board
- December 10, 2024 (date) — Date of Earliest Event Reported
FAQ
Who has departed from Paycom Software's board of directors?
Robert J. Doolan has departed from Paycom Software's board of directors.
Who has been appointed as the Chairman of the Board at Paycom Software?
Chad E. Richison has been appointed as the Chairman of the Board at Paycom Software.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 10, 2024.
What are the main items disclosed in this 8-K filing?
This 8-K filing discloses the departure of a director, the election of a director (Chairman), and compensatory arrangements of certain officers, along with a Regulation FD disclosure and financial statements/exhibits.
What is the principal executive office address for Paycom Software, Inc.?
The principal executive office address for Paycom Software, Inc. is 7501 W. Memorial Road, Oklahoma City, Oklahoma 73142.
Filing Stats: 812 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-12-12 16:10:08
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value PAYC New York Stock Excha
Filing Documents
- payc-20241210.htm (8-K) — 50KB
- payc-ex99_1.htm (EX-99.1) — 9KB
- img87395786_0.jpg (GRAPHIC) — 14KB
- 0000950170-24-135784.txt ( ) — 196KB
- payc-20241210.xsd (EX-101.SCH) — 29KB
- payc-20241210_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On December 12, 2024, the Company issued a press release announcing the appointment of Mr. Binz 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 December 12, 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: December 12, 2024 By: /s/ Craig E. Boelte Name: Craig E. Boelte Title: Chief Financial Officer