Paycom Software, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2018 Annual Meeting of Stockholders held by Paycom Software, Inc. on April 30, 2018. The filing was submitted on May 2, 2018, by Craig E. Boelte, Chief Financial Officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
A total of 53,841,673 shares were present in person or by proxy. The following matters were approved:
- Proposal 1 (Election of Directors): Two Class II directors were elected to serve until the 2021 annual meeting.
- Robert J. Levenson: 37,899,858 votes for; 7,965,521 votes withheld.
- Frederick C. Peters II: 38,384,047 votes for; 7,481,332 votes withheld.
- Proposal 2 (Auditor Ratification): Grant Thornton LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2018.
- Votes For: 53,483,883
- Votes Against: 333,458
- Abstentions: 24,332
- Proposal 3 (Executive Compensation): Advisory approval of named executive officer compensation was granted.
- Votes For: 38,208,871
- Votes Against: 7,612,665
- Abstentions: 43,843
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the detailed proxy statement (Schedule 14A filed March 28, 2018) for full descriptions of the director nominees and executive compensation plans.
- Confirm the total number of shares outstanding to calculate the percentage of votes cast for each proposal.
- Review the upcoming 10-K or 10-Q filings for the financial metrics absent from this 8-K.