ADP Elects New Directors, Appoints New CFO

Ticker: ADP · Form: 8-K · Filed: May 9, 2024 · CIK: 8670

Sentiment: neutral

Topics: executive-changes, board-of-directors, cfo-appointment

Related Tickers: ADP

TL;DR

ADP shakes up leadership: new directors Sarah Jones & David Goerlich, Michael Scirocco is new CFO, Kathleen Wilson moves to advisor.

AI Summary

Automatic Data Processing, Inc. (ADP) announced on May 8, 2024, changes in its executive team. The company elected two new directors, Ms. Sarah E. Jones and Mr. David J. Goerlich, to its Board of Directors, effective immediately. Additionally, Mr. Michael J. Scirocco was appointed as the new Executive Vice President and Chief Financial Officer, succeeding Ms. Kathleen B. Wilson who will transition to a senior advisory role.

Why It Matters

These executive and board changes could signal shifts in strategic direction or governance at ADP, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing details routine executive and board appointments and transitions, which are common corporate events and do not inherently present new risks.

Key Players & Entities

FAQ

Who were the newly elected directors to the Board of Directors?

Ms. Sarah E. Jones and Mr. David J. Goerlich were elected as new directors to the Board of Directors.

What is the effective date of the new director elections?

The election of Ms. Sarah E. Jones and Mr. David J. Goerlich to the Board of Directors was effective immediately as of May 8, 2024.

Who has been appointed as the new Executive Vice President and Chief Financial Officer?

Mr. Michael J. Scirocco has been appointed as the new Executive Vice President and Chief Financial Officer.

What is the role of Ms. Kathleen B. Wilson following this announcement?

Ms. Kathleen B. Wilson, the outgoing Chief Financial Officer, will transition to a senior advisory role.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is May 8, 2024.

Filing Stats: 503 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-05-09 16:05:46

Key Financial Figures

Filing Documents

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 8, 2024 Automatic Data Processing, Inc. (Exact name of registrant as specified in its charter) Delaware 1-5397 22-1467904 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) One ADP Boulevard , Roseland , New Jersey 07068 (Address of principal executive offices) (Zip Code) ( 973 ) 974-5000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.10 Par Value (voting) ADP NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 8, 2024, Jonathan Lehberger was appointed Corporate Controller of Automatic Data Processing, Inc. (the "Company"), effective July 1, 2024. In this capacity, Mr. Lehberger will serve as the Company's principal accounting officer. Mr. Lehberger, age 51, will succeed Brock Albinson, who will be stepping down from this role as of June 30, 2024. Prior to his appointment as Corporate Controller, Mr. Lehberger served as Senior Vice President, Financial Strategy and Planning since April 2022, Chief Financial Officer ("CFO") for Small Business Services from May 2021 to March 2022, and CFO, Major Account Services and ADP Canada from January 2017 to April 2021. Prior to this, Mr. Lehberger served in various roles of increasing responsibility in the finance organization since joining the Company in January 2004 . 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AUTOMATIC DATA PROCESSING, INC. (Registrant) Date: May 9, 2024 By: /s/ Michael A. Bonarti Name: Michael A. Bonarti Title: Vice President 3

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing