8-K
filed December 4, 2023, 6:59 PM ET
ticker PCTY
CIK 0001591698
other material
confidence high
sentiment neutral
materiality 0.55
Paylocity stockholders approve 2023 Equity Plan and director removal without cause
Paylocity Holding Corp
- 1,742,242 shares authorized under new 2023 Equity Incentive Plan replacing Prior Plan.
- Charter amended: directors may be removed with or without cause; bylaws updated accordingly.
- All 10 director nominees elected with over 45M 'for' votes each; board incumbents retained.
- KPMG ratified as independent auditor for FY2024 with 52.6M votes for.
- Executive compensation (Say-on-Pay) received 47.2M 'for' votes, advisory approval.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Paylocity Holding Corp: Third Amended and Restated Bylaws adopted to conform director removal provision to charter and make administrative amendments concerning remote meeting notice and adjournment for technical failure (effective 2023-11-30).
- Change
- bylaw amendment
- Effective
- 2023-11-30
Exact text from the filing
upon filing of the Restated Charter with the Secretary of State of the State of Delaware, the Company’s Third Amended and Restated Bylaws (the “Restated Bylaws”) became effective.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Paylocity Holding Corp: Third Amended and Restated Certificate of Incorporation filed to allow removal of directors with or without cause (effective 2023-11-30).
- Change
- charter amendment
- Effective
- 2023-11-30
Exact text from the filing
The Charter Amendment became effective upon the filing of a Third Amended and Restated Certificate of Incorporation (the “Restated Charter”) with the Secretary of State of the State of Delaware on November 30, 2023 to effect the changes set forth below.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Paylocity Holding Corp shareholders approved Approval of the Paylocity Holding Corporation 2023 Equity Incentive Plan at the 2023-11-30 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-11-30
Exact text from the filing
the Company’s stockholders approved the Paylocity Holding Corporation 2023 Equity Incentive Plan
View on SEC.gov
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