{"schema_version":"secwatch.filing_event.v1","accession":"0001591698-24-000222","form_type":"8-K","ticker":"PCTY","cik":"0001591698","company_name":"Paylocity Holding Corp","filed_at":"2024-09-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.686265+00:00","generated_at":"2026-05-31T06:26:25.608978+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Paylocity to acquire Airbase for ~$325M cash; expands into CFO spend management","bullets":["Purchase price ~$325M cash, funded via revolver; expected close in Q1/Q2 fiscal 2025.","Airbase provides AP automation, expense mgmt, corporate cards, procurement; 500+ clients avg >200 employees.","Acquisition expected to represent ~1% of FY2025 revenue; dilutes adjusted EBITDA margin ~100 bps.","Expands Paylocity TAM to Office of CFO; integrates HCM with spend management on single platform.","Paylocity had $401.8M cash at June 30, 2024; $350M share repurchase program unaffected."],"urls":{"canonical":"https://secwatch.observer/filing/0001591698-24-000222","json":"https://secwatch.observer/filing/0001591698-24-000222.json","markdown":"https://secwatch.observer/filing/0001591698-24-000222.md","text":"https://secwatch.observer/filing/0001591698-24-000222.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591698/000159169824000222/0001591698-24-000222-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591698/000159169824000222/pcty-20240829.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:26:25.608978+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}