secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K
Filed at:   2021-09-01T23:59:59+00:00
Accession:  0001104659-21-111860
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity acquires Blue Marble Payroll for $60M cash; <2% of FY22 revenue
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- $60M cash acquisition of Blue Marble Payroll; affiliate of Chairman Steven Sarowitz is largest Blue Marble equityholder.
- Blue Marble serves ~450 clients, covers payroll in over 150 countries, employs about 75 people.
- Acquisition expected to represent less than 2% of Paylocity total revenue in fiscal 2022; guidance to be updated in Q1 FY22 earnings.
- Audit Committee approved after fairness opinion from Houlihan Lokey; disinterested directors unanimously voted in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000110465921111860/0001104659-21-111860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000110465921111860/tm2126413d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-111860

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