---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005596"
form_type: "8-K"
ticker: null
cik: "0001725057"
company_name: "Dayforce, Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T18:27:37.149256+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-005596
- form_type: 8-K
- cik: 0001725057
- company_name: Dayforce, Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725057/000095017023005596/0000950170-23-005596-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725057/000095017023005596/cday-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005596
- JSON: https://secwatch.observer/filing/0000950170-23-005596.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005596.txt

## Key facts
- Governance Changes
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725057/000095017023005596/0000950170-23-005596-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.