Paylocity CEO Resigns, New Leader Appointed
Ticker: PCTY · Form: 8-K · Filed: Apr 5, 2024 · CIK: 1591698
| Field | Detail |
|---|---|
| Company | Paylocity Holding Corp (PCTY) |
| Form Type | 8-K |
| Filed Date | Apr 5, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, board-of-directors
Related Tickers: PCTY
TL;DR
Paylocity CEO Steven Sarowitz out, Chad Richison in. New comp plans filed.
AI Summary
Paylocity Holding Corp. announced on April 3, 2024, changes in its board of directors and executive compensation. Specifically, Steven A. Sarowitz resigned from his role as Chief Executive Officer, and the company appointed Chad E. Richison as the new CEO. The filing also details adjustments to the compensatory arrangements for certain officers.
Why It Matters
This leadership change at Paylocity Holding Corp. could signal a shift in company strategy or operational focus, potentially impacting its market position and investor confidence.
Risk Assessment
Risk Level: medium — CEO changes and executive compensation adjustments can introduce uncertainty and affect investor sentiment.
Key Players & Entities
- Paylocity Holding Corp. (company) — Registrant
- Steven A. Sarowitz (person) — Resigning CEO
- Chad E. Richison (person) — Appointed CEO
- April 3, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new CEO of Paylocity Holding Corp.?
Chad E. Richison has been appointed as the new CEO of Paylocity Holding Corp.
Who resigned from the CEO position at Paylocity Holding Corp.?
Steven A. Sarowitz resigned from the CEO position at Paylocity Holding Corp.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is April 3, 2024.
What are the main items reported in this 8-K filing?
This 8-K filing reports on the departure of a director or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Paylocity Holding Corp.?
The principal executive office address is 1400 American Lane, Schaumburg, Illinois 60173.
Filing Stats: 423 words · 2 min read · ~1 pages · Grade level 13.5 · Accepted 2024-04-05 16:10:36
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PCTY The NASDAQ Global Select
Filing Documents
- pcty-20240403.htm (8-K) — 22KB
- 0001591698-24-000089.txt ( ) — 141KB
- pcty-20240403.xsd (EX-101.SCH) — 2KB
- pcty-20240403_lab.xml (EX-101.LAB) — 21KB
- pcty-20240403_pre.xml (EX-101.PRE) — 12KB
- pcty-20240403_htm.xml (XML) — 3KB
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: April 5, 2024 By: /s/ Ryan Glenn Ryan Glenn Chief Financial Officer and Treasurer