Paylocity Holding Corp. Announces Director Changes
Ticker: PCTY · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1591698
| Field | Detail |
|---|---|
| Company | Paylocity Holding Corp (PCTY) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation
Related Tickers: PCTY
TL;DR
Paylocity board shakeup: Sarowitz out, Kustura in. Officer comp details pending.
AI Summary
On March 1, 2024, Paylocity Holding Corp. announced the departure of director Steven J. Sarowitz and the appointment of new director Michael J. Kustura. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this initial filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and officer compensation disclosures, which typically carry low immediate risk.
Key Players & Entities
- Paylocity Holding Corp. (company) — Registrant
- Steven J. Sarowitz (person) — Departing Director
- Michael J. Kustura (person) — Appointed Director
- March 1, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as a new director to the Paylocity Holding Corp. board?
Michael J. Kustura has been appointed as a new director.
Who has departed from the Paylocity Holding Corp. board of directors?
Steven J. Sarowitz has departed from the board of directors.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 1, 2024.
What is the principal executive office address for Paylocity Holding Corp.?
The principal executive office is located at 1400 American Lane, Schaumburg, Illinois, 60173.
What are the main items disclosed in this 8-K filing?
This filing discloses the departure of a director, the election of a new director, and compensatory arrangements of certain officers, along with Regulation FD disclosures and financial statements/exhibits.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-03-04 09:06:11
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PCTY The NASDAQ Global Select
Filing Documents
- pcty-20240301.htm (8-K) — 29KB
- pcty-202403048kexhibit991.htm (EX-99.1) — 5KB
- 0001591698-24-000059.txt ( ) — 158KB
- pcty-20240301.xsd (EX-101.SCH) — 2KB
- pcty-20240301_lab.xml (EX-101.LAB) — 23KB
- pcty-20240301_pre.xml (EX-101.PRE) — 12KB
- pcty-20240301_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On March 4, 2024, the Company issued a press release announcing the appointment of Mr. Conway to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 7.01 and Exhibit 99.1 attached hereto is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the " Exchange Act "), nor shall it be deemed incorporated by reference into any filing under the Securities Act 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 99.1 Press Release issued by Paylocity Holding Corporation dated March 4, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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. PAYLOCITY HOLDING CORPORATION Date: March 4, 2024 By: /s/ Ryan Glenn Ryan Glenn Chief Financial Officer and Treasurer