secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0000950142-21-002894
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095014221002894/0000950142-21-002894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095014221002894/eh210183863_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-002894

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer