Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Paycom Software, Inc.: Removed requirements for stockholder notices to include plans or proposals to nominate directors at other public companies within 12 months and any such nominations within previous 36 months (effective 2023-04-21).
- Change
- bylaw amendment
- Effective
- 2023-04-21
Exact text from the filing
On April 21, 2023, the Board of Directors (the “ Board ”) of Paycom Software, Inc. (the “ Company ”) amended and restated the Company’s existing amended and restated bylaws (as so amended and restated, the “ Amended and Restated Bylaws ”) to remove the requirements that, in connection with the nomination of any nominee to stand for election to the Board, a proposing stockholder’s timely notice to the Secretary of the Company set forth or include as to the proposing stockholder (i) any plans or proposals on the part of such proposing stockholder or any related person of such proposing stockholder to nominate directors at any other public company within the following 12 months and (ii) any proposals or nominations submitted on behalf of such proposing stockholder or any related person of such proposing stockholder seeking to nominate directors at any other public company within the previous 36 months, whether or not such proposal or nomination was publicly disclosed.
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