Paylocity Appoints New CFO, Grants Stock Awards
Ticker: PCTY · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1591698
| Field | Detail |
|---|---|
| Company | Paylocity Holding Corp (PCTY) |
| Form Type | 8-K |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Paylocity names Ryan McCrary new CFO, starting Sept 16th, with $350k salary and 10k RSUs.
AI Summary
On September 11, 2024, Paylocity Holding Corp. announced the appointment of Ryan R. McCrary as Chief Financial Officer, effective September 16, 2024. McCrary will receive an annual base salary of $350,000 and will be eligible for a discretionary annual bonus. He will also be granted 10,000 restricted stock units (RSUs) vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $350,000 — CFO Annual Salary (Base compensation for Ryan R. McCrary)
- 10,000 — RSUs Granted (Equity award to new CFO, vesting over three years)
Key Players & Entities
- Paylocity Holding Corp. (company) — Registrant
- Ryan R. McCrary (person) — Newly appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 10,000 (dollar_amount) — Restricted stock units granted to new CFO
- September 11, 2024 (date) — Date of the report
- September 16, 2024 (date) — Effective date for new CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Paylocity Holding Corp.?
Ryan R. McCrary has been appointed as the new Chief Financial Officer.
When is the effective date for Ryan R. McCrary's appointment as CFO?
The appointment is effective September 16, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Ryan R. McCrary is $350,000.
What equity awards will the new CFO receive?
Ryan R. McCrary will be granted 10,000 restricted stock units (RSUs) that vest over three years.
What other compensation is the new CFO eligible for?
Ryan R. McCrary will be eligible for a discretionary annual bonus.
Filing Stats: 430 words · 2 min read · ~1 pages · Grade level 14.5 · Accepted 2024-09-16 16:05:33
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PCTY The NASDAQ Global Select
Filing Documents
- pcty-20240911.htm (8-K) — 22KB
- 0001591698-24-000239.txt ( ) — 141KB
- pcty-20240911.xsd (EX-101.SCH) — 2KB
- pcty-20240911_lab.xml (EX-101.LAB) — 21KB
- pcty-20240911_pre.xml (EX-101.PRE) — 12KB
- pcty-20240911_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: September 16, 2024 By: /s/ Ryan Glenn Ryan Glenn Chief Financial Officer