Paylocity Q4 total revenue $357.3M (+16% YoY); GAAP EPS $0.86; Beauchamp to Exec Chairman

Paylocity Holding Corp

2024-FY EPS reported $3.63 revenue$1,402,515,000

Q4 total revenue $357.3M (+16% YoY); recurring revenue $324.7M (+15%); GAAP net income $48.8M ($0.86 EPS).
FY2024 total revenue $1,402.5M (+19%); GAAP net income $206.8M (+47% YoY); Adjusted EBITDA $505.6M (+35%).
Repurchased 1.1M shares for $150.0M in Q4; cash and equivalents $401.8M at year-end.
Co-CEO Steve Beauchamp transitions to Executive Chairman; Toby Williams becomes sole CEO effective Aug 5, 2024.
Client count grew 8% to 39,050; avg revenue per client up 8%; Learning Mgmt, Recognition, Employee Voice standout.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Steven R. Beauchamp

Executive Chairman of the Board

PCTY · Paylocity Holding Corp

Effective: 2024-08-05
Successor: Toby Williams
Filed: August 1, 2024, 7:59 PM ET

On July 26, 2024, the Board of Directors (the “Board”) of Paylocity Holding Corporation (the “Company”) appointed Steven R. Beauchamp as Executive Chairman of the Board, effective August 5, 2024

Role change

Steve Sarowitz

member of the Board

PCTY · Paylocity Holding Corp

Effective: 2024-08-05
Successor: Steven R. Beauchamp
Filed: August 1, 2024, 7:59 PM ET

Steve Sarowitz, founder and current Chairman of the Board of the Company, will step down as Chairman of the Board as of the Effective Date and will continue to serve as member of the Board.

Role change

Toby Williams

Chief Executive Officer

PCTY · Paylocity Holding Corp

Effective: 2024-08-05
Filed: August 1, 2024, 7:59 PM ET

As of the Effective Date, Toby Williams will be the Company’s sole Chief Executive Officer and principal executive officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven R. Beauchamp was appointed as Executive Chairman of the Board at Paylocity Holding Corp.

Action: appointed
Role: Executive Chairman of the Board

Exact text from the filing

On July 26, 2024, the Board of Directors (the “Board”) of Paylocity Holding Corporation (the “Company”) appointed Steven R. Beauchamp as Executive Chairman of the Board, effective August 5, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Sarowitz changed role as member of the Board at Paylocity Holding Corp.

Action: stepped down
Role: member of the Board

Exact text from the filing

Steve Sarowitz, founder and current Chairman of the Board of the Company, will step down as Chairman of the Board as of the Effective Date and will continue to serve as member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Toby Williams was appointed as Chief Executive Officer at Paylocity Holding Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

As of the Effective Date, Toby Williams will be the Company’s sole Chief Executive Officer and principal executive officer.

View on SEC.gov

Paylocity Holding Corp filing history →

Source: SEC EDGAR

accession 0001591698-24-000149

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