secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0000950142-21-003857
Event type: leadership
Sentiment:  positive
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

ADP names Maria Black President and John Ayala COO effective Jan. 1, 2022
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- Maria Black promoted from President Worldwide Sales and Marketing to President; John Ayala becomes COO from President Employer Services North America.
- Black's annual base salary $800k, target bonus 150%, total target equity award $5.0M for FY2022.
- Ayala's annual base salary $700k, target bonus 150%, total target equity award $4.25M for FY2022.
- Both executives eligible for 18-month salary continuation, prorated bonus, and equity vesting on involuntary termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095014221003857/0000950142-21-003857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095014221003857/eh210206448_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-003857

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