ADP CFO Kathleen Winters to retire; Don McGuire named successor effective Oct 1

AUTOMATIC DATA PROCESSING INC

Kathleen Winters, Corporate VP and CFO, will retire effective Sept 30, 2021.
Don McGuire, formerly President Employer Services International, appointed CFO effective Oct 1, 2021.
McGuire receives CAD $823,515 base salary (approx USD $650k) and annual target bonus of 150% of base.
One-time restricted stock award of $2.1M USD vesting over two years; FY2022 target equity award value $3M USD.
In case of involuntary termination without cause, McGuire is entitled to 18 months salary continuation and prorated bonus.

item 5.02

Executive movements

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Appointed

Don McGuire

Corporate Vice President and Chief Financial Officer

ADP · AUTOMATIC DATA PROCESSING INC

Effective: 2021-10-01
Filed: September 14, 2021, 7:59 PM ET

Effective as of October 1, 2021, the Company has appointed Don McGuire to succeed Ms. Winters to the position of Corporate Vice President and Chief Financial Officer

Departed

Kathleen A. Winters

Corporate Vice President and Chief Financial Officer

ADP · AUTOMATIC DATA PROCESSING INC

Effective: 2021-09-30
Successor: Don McGuire
Filed: September 14, 2021, 7:59 PM ET

notified the Company of her decision to retire from the Company, effective as of September 30, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Don McGuire was appointed as Corporate Vice President and Chief Financial Officer at AUTOMATIC DATA PROCESSING INC.

Action: appointed
Role: Corporate Vice President and Chief Financial Officer

Exact text from the filing

Effective as of October 1, 2021, the Company has appointed Don McGuire to succeed Ms. Winters to the position of Corporate Vice President and Chief Financial Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kathleen A. Winters retired as Corporate Vice President and Chief Financial Officer at AUTOMATIC DATA PROCESSING INC.

Action: retired
Role: Corporate Vice President and Chief Financial Officer

Exact text from the filing

notified the Company of her decision to retire from the Company, effective as of September 30, 2021.

View on SEC.gov

AUTOMATIC DATA PROCESSING INC filing history →

Source: SEC EDGAR

accession 0000950142-21-002894

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