secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950142-25-001211
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADP appoints Peter Hadley as CFO effective July 1, 2025
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- Peter Hadley, former Treasurer, appointed CFO effective July 1, 2025, succeeding Don McGuire.
- Don McGuire steps down June 30, 2025, will assist transition through September 30, 2025.
- Hadley receives base salary of $650,000, target bonus of 150% of base, and FY2026 LTIP target of $4.875M.
- Hadley is subject to stock ownership guidelines of 3x base salary and company's clawback policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000095014225001211/0000950142-25-001211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000095014225001211/eh250621265_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001211

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