secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0000950170-24-042257
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom promotes Amy Walker to EVP of Sales; former CSO Holly Faurot moves to consulting role
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- Amy Walker appointed EVP of Sales, effective April 1, 2024; salary $517,000, 4,000 target PSUs, $600,000 cash bonus.
- Holly Faurot transitions to non-employee consultant for 12 months at $42,557/month; unvested equity awards canceled.
- Faurot's canceled awards: 30,370 restricted stock, 5,902 RSUs, 10,782 PSUs; 3,000 time-based shares accelerated.
- Walker, a ~14-year Paycom veteran, previously led outside sales since Nov 2023; will also oversee emerging markets and client relations.
- Consulting agreement includes non-solicitation for 24 months post-termination and confidentiality provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017024042257/0000950170-24-042257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017024042257/payc-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-042257

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