Paylocity Holding Corp 8-K/A, filed Aug 19, 2024
Paylocity Holding Corp (PCTY)
8-K/A
2024-08-19
For: 2024-07-26
View Original
Added on
April 11, 2026
About this 8-K/A
Paylocity Holding Corp filed this 8-K/A on August 19, 2024, reporting on events of July 26, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________________________
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 26, 2024
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 15, 2024, the Compensation Committee of the Board determined that in his role as Executive Chairman, the target value of Mr. Beauchamp’s fiscal year 2025 equity awards will be reduced to $2,000,000 in the form of: 50% time-based vesting restricted stock units (“RSUs”); 17% market stock units (“MSUs”) that may be earned based on the Company’s total stockholder return as compared to the Russell 3000 Index; and 33% in the form of performance stock units (“PSUs”) that may be earned based on the Company’s achievement of performance against fiscal year recurring and other revenue targets.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PAYLOCITY HOLDING CORPORATION | ||||||||
| Date: August 19, 2024 | By: | /s/ Ryan Glenn | ||||||
| Ryan Glenn | ||||||||
| Chief Financial Officer | ||||||||