secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001193125-23-281491
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom appoints board member Jason D. Clark as CAO effective Dec 4, 2023; $575k salary, 40k RSUs, $2.5M sign-on
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- Jason D. Clark appointed Chief Administrative Officer, effective December 4, 2023.
- Clark resigns from Board and committee positions; Board size reduced from 8 to 7.
- Annual base salary of $575,000, eligible for annual bonus beginning in 2024.
- Granted 40,000 time-based restricted stock shares vesting over four years.
- Awarded fully vested sign-on equity valued at $2.5 million based on Dec 1 closing price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000119312523281491/0001193125-23-281491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000119312523281491/d498452d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-281491

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