secwatch.observer — SEC 8-K summary
======================================

Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001193125-23-089524
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom VP of Operations Justin Long resigns; severance includes $395,756 cash and accelerated vesting of 1,505 RSUs
--------------------------------------------------------------------------------

- Justin Long resigned as VP of Operations effective March 28, 2023.
- Cash severance of $395,756.16 (one year base salary plus 12 months COBRA).
- Accelerated vesting of 1,505 time-based restricted shares; remaining 225 unvested shares forfeited.
- Severance Agreement includes release of claims, non-solicitation, non-disparagement, and cooperation obligations.
- Long's departure is effective immediately; no replacement named in the filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000119312523089524/0001193125-23-089524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000119312523089524/d489316d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-089524

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