secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001193125-24-151136
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Paycom Co-CEO Christopher G. Thomas resigns; Randy Peck appointed COO
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- Christopher G. Thomas resigned as Co-CEO effective May 29, 2024, for personal reasons.
- Chad Richison continues as CEO, President, and Chairman of the Board.
- Randy Peck appointed COO; he has over 20 years at Paycom, most recently as Strategic Advisor.
- Peck receives $511,228 base salary, target bonus 100% of base, and equity awards valued at ~$1.67M in RSUs/PSUs plus 37,500 restricted shares.
- Thomas receives $812,876 cash severance and accelerated vesting of 2,000 shares; all other unvested equity forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000119312524151136/0001193125-24-151136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000119312524151136/d733399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-151136

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