ADP Proxy Statement Filed: Executive Compensation & Governance

Ticker: ADP · Form: DEF 14A · Filed: Sep 19, 2024 · CIK: 8670

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

Related Tickers: ADP

TL;DR

ADP proxy out - vote on exec pay & board for FY24.

AI Summary

Automatic Data Processing Inc. (ADP) filed its DEF 14A proxy statement on September 19, 2024, for the fiscal year ending November 6, 2024. The filing details executive compensation, board member information, and other corporate governance matters. Key individuals mentioned include members of the board and executive team, with compensation data for the fiscal year ending June 30, 2024, and prior periods.

Why It Matters

This filing provides shareholders with crucial information regarding executive pay and board oversight, enabling informed voting decisions on company leadership and strategy.

Risk Assessment

Risk Level: low — DEF 14A filings are routine disclosures of corporate governance and executive compensation, not typically indicative of immediate financial risk.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose is to provide shareholders with information for the annual meeting, including details on executive compensation, board nominations, and corporate governance, as required by SEC regulations.

Who are the key individuals mentioned in relation to executive compensation?

The filing mentions board members such as 'BlackMember' and 'RodriguezMember' in the context of compensation reporting for the fiscal year ending June 30, 2024.

What is the period covered by the executive compensation data in this filing?

The executive compensation data primarily covers the fiscal year from July 1, 2023, to June 30, 2024, with references to prior periods as well.

What is the company's Central Index Key (CIK)?

The Central Index Key (CIK) for Automatic Data Processing Inc. is 0000008670.

When was this definitive proxy statement filed with the SEC?

This definitive proxy statement (DEF 14A) was filed with the SEC on September 19, 2024.

Filing Stats: 4,421 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2024-09-19 16:05:32

Key Financial Figures

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 37 Equity Compensation Plan Information 39 Proposal 2 Advisory Vote on Executive Compensation 40 Stockholder Approval Required 40 Table of Contents Compensation Discussion and Analysis 41 Executive Summary 41 Compensation Principles 50 Cash Compensation 53 Long-Term Incentive Compensation Programs 57 Other Compensation Components and Considerations 61 Compensation and Management Development Committee Report 64 Compensation of Executive Officers 65 Summary Compensation Table for Fiscal Year 2024 65 All Other Compensation for Fiscal Year 2024 67 Grants of Plan-Based Awards Table for Fiscal Year 2024 69 Restricted Stock Units/Performance Stock Units 70 Stock Options 71 Outstanding Equity Awards for Fiscal Year-End 2024 73 Outstanding Equity Vesting Schedule for Fiscal Year-End 2024 75 Option Exercises and Stock Vested Table for Fiscal Year 2024 77 Pension Benefits for Fiscal Year 2024 78 Automatic Data Processing, Inc. Pension Retirement Plan 79 Supplemental Officers Retirement Plan 79 Deferred Compensation Program 80 Executive Retirement Plan 80 Canada Supplementary Excess Retirement Plan 81 Non-Qualified Deferred Compensation for Fiscal Year 2024 82 Potential Payments to Named Executive Officers Upon Termination or Change in Control 83 Change in Control Severance Plan for Corporate Officers 83 Corporate Officer Severance Plan 84 Health Coverage 85 Deferred Compensation 85 Termination and Change in Control Tables 85 Potential Payments upon Termination or Change in Control for Maria Black 86 Potential Payments upon Termination or Change in Control for Don McGuire 87 Potential Payments upon Termination or Change in Control for John C. Ayala 88 Potential Payments upon Termination or Change in Control for Michael A. Bonarti 89 Potential Payments upon Termination

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