Ceridian HCM announces executive compensation changes, 2023 incentive plan, and bylaw amendments

Dayforce, Inc.

Christopher R. Armstrong's short-term incentive target increased from 60% to 80% of base salary.
Board approved 2023 Management Incentive Plan with performance goals: Cloud Revenue, Adjusted EBITDA, Sales PEPM ACV.
Board amended bylaws to update universal proxy rules and stockholder proposal procedures.
Stephen H. Holdridge appointed President, Customer and Revenue Operations with amended employment agreement.
Equity awards granted: Ossip and Turner each receive $5M RSUs and $7M PSUs; others also receive awards.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Dayforce, Inc.: Amended and restated bylaws to update procedural mechanics for stockholder nominations and universal proxy rules, stockholder meeting notice provisions, and other technical changes (effective 2023-02-28).

Change: bylaw amendment
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, as part of its periodic review of corporate governance matters and in connection with the new Securities and Exchange Commission (“SEC”) rules regarding universal proxy cards, the Board approved an amendment and restatement of the Company’s Second Amended and Restated Bylaws (the “Third Amended and Restated Bylaws”)

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Source: SEC EDGAR

accession 0000950170-23-005596

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