---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-256102"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:00:20.795169+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Paycom adopts majority voting standard for uncontested director elections

## Summary
- Board amended bylaws on Oct 12, 2023, replacing plurality with majority vote in uncontested director elections.
- Incumbent directors failing to receive majority votes must tender resignation under new policy.
- Plurality voting still applies in contested director elections.
- Bylaws also clarify officer appointment/removal and update officer titles and responsibilities.
- Change follows advisory shareholder proposal approved at the May 1, 2023 annual meeting.

## SEC filing metadata
- accession: 0001193125-23-256102
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000119312523256102/0001193125-23-256102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000119312523256102/d405785d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-256102
- JSON: https://secwatch.observer/filing/0001193125-23-256102.json
- Plain text: https://secwatch.observer/filing/0001193125-23-256102.txt

## Key facts
- Governance Changes
  Paycom Software, Inc.: Amended and restated bylaws to adopt a majority vote standard in uncontested director elections with a resignation policy for incumbent directors who fail to receive sufficient votes (effective 2023-10-12).
  - Change: bylaw amendment
  - Effective: 2023-10-12
  source text: On October 12, 2023, in response to the advisory approval of the Stockholder Proposal, the Board of Directors of the Company (the “ Board ”) amended and restated the Company’s existing amended and restated bylaws (as so amended and restated, the “ Amended and Restated Bylaws ”) to implement a majority vote standard in uncontested director elections, with a resignation policy for incumbent directors who fail to receive sufficient votes under the majority vote standard.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000119312523256102/0001193125-23-256102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.