---
schema_version: "secwatch.filing_event.v1"
accession: "0001591698-23-000278"
form_type: "8-K"
ticker: "PCTY"
cik: "0001591698"
company_name: "Paylocity Holding Corp"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:45:00.171109+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Paylocity stockholders approve 2023 Equity Plan and director removal without cause

## Summary
- 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.

## SEC filing metadata
- accession: 0001591698-23-000278
- form_type: 8-K
- ticker: PCTY
- cik: 0001591698
- company_name: Paylocity Holding Corp
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.07, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000278/0001591698-23-000278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000278/pcty-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001591698-23-000278
- JSON: https://secwatch.observer/filing/0001591698-23-000278.json
- Plain text: https://secwatch.observer/filing/0001591698-23-000278.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000278/0001591698-23-000278-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000278/0001591698-23-000278-index.htm
- Shareholder Votes
  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
  source text: the Company’s stockholders approved the Paylocity Holding Corporation 2023 Equity Incentive Plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000278/0001591698-23-000278-index.htm

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