---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-026693"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:03:03.665764+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Paycom names Chris Thomas Co-CEO alongside founder Chad Richison; bylaws amended

## Summary
- Christopher Thomas, former COO, appointed Co-CEO effective Feb 7, 2024; Richison becomes Co-CEO, President and Chairman.
- Thomas receives $800k base salary, 17,209 time-based RSUs, 15,000 PSUs, and 4,104 immediate shares.
- Richison forfeits 2020 CEO Performance Award (1.61M shares) due to title change; base salary also $800k.
- Bylaws amended to allow two persons to hold same officer position simultaneously.

## SEC filing metadata
- accession: 0001193125-24-026693
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/0001193125-24-026693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/d710403d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-026693
- JSON: https://secwatch.observer/filing/0001193125-24-026693.json
- Plain text: https://secwatch.observer/filing/0001193125-24-026693.txt

## Key facts
- Executive change
  Christopher G. Thomas was appointed as Co-Chief Executive Officer at Paycom Software, Inc..
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: appointed Christopher G. Thomas as Co-Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/0001193125-24-026693-index.htm
- Executive change
  Chad Richison was appointed as Co-Chief Executive Officer, President and Chairman of the Board at Paycom Software, Inc..
  - Action: appointed
  - Role: Co-Chief Executive Officer, President and Chairman of the Board
  source text: Effective February 7, 2024, Mr. Richison’s new title is Co-Chief Executive Officer, President and Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/0001193125-24-026693-index.htm
- Governance Changes
  Paycom Software, Inc.: Amended and Restated Bylaws to allow two persons to serve simultaneously in the same officer position (effective 2024-02-07).
  - Change: bylaw amendment
  - Effective: 2024-02-07
  source text: The Amended and Restated Bylaws, which are effective February 7, 2024, provide that the Board may, by resolution, appoint two persons to the same office, such that an officer position may be filled by two individuals serving simultaneously.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/0001193125-24-026693-index.htm

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