secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2022-04-15T23:59:59+00:00
Accession:  0001193125-22-106461
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom COO Jon Evans departs; Justin Long assumes responsibilities
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- Jon Evans left COO role effective April 14, 2022; Justin Long (EVP Ops) takes over.
- Evans receives $709,350 severance (18 months salary + 12 months COBRA) plus accelerated vesting of 5,663 restricted shares.
- Long's base salary $375,000; target bonus 100% of base for 2022, max 170% based on revenue retention.
- Evans' performance-based PSUs remain eligible but prorated for employment days in performance periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000119312522106461/0001193125-22-106461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000119312522106461/d333058d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-106461

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