secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001193125-24-026693
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/0001193125-24-026693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000119312524026693/d710403d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-026693

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