Automatic Data Processing Inc 8-K, filed Mar 23, 2020
Automatic Data Processing Inc (ADP)
8-K
2020-03-23
For: 2020-03-23
View Original
Added on
April 09, 2026
About this 8-K
Automatic Data Processing Inc filed this 8-K on March 23, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 23, 2020
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Item 7.01 - Regulation FD Disclosure
In order to help our associates globally with the unexpected hardships they are facing due to the COVID-19 pandemic, on March 22, 2020, Automatic Data Processing, Inc. (“ADP”) announced to its workforce a one-time payment of $1,000 (or equivalent, based on the average wage parity in each country) for each associate of ADP and its subsidiaries, excluding corporate officers. The payment will be made in April 2020, and will add approximately $51 million (pre-tax) to our fiscal 2020 expenses, which was not contemplated in our outlook issued on January 29, 2020.
The information furnished pursuant to Item 7.01 of this Current Report shall not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AUTOMATIC DATA PROCESSING, INC. | |||||||||||||||
(Registrant) | |||||||||||||||
By: | /s/ Michael A. Bonarti | ||||||||||||||
Date: March 23, 2020 | Name: Michael A. Bonarti | ||||||||||||||
Title: Vice President | |||||||||||||||