---
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"
generated_at: "2026-05-31T06:26:25.608978+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paylocity to acquire Airbase for ~$325M cash; expands into CFO spend management

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001591698-24-000222
- JSON: https://secwatch.observer/filing/0001591698-24-000222.json
- Plain text: https://secwatch.observer/filing/0001591698-24-000222.txt

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