Business Context and Reporting Period
This Form 8-K Current Report was filed by Automatic Data Processing, Inc. (ADP) on February 9, 2010. The report discloses a corporate governance event regarding the composition of the Board of Directors.
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 a personnel change and does not contain financial performance data.
Material Changes
The material change reported is the election of Enrique Salem to the Board of Directors on February 9, 2010. Mr. Salem serves as the President and Chief Executive Officer of Symantec Corporation. This appointment increases the total size of the Board to 12 directors.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is limited to the disclosure of the director election under Item 5.02.
Key Facts for Investor Verification
- Enrique Salem was elected to the ADP Board of Directors on February 9, 2010.
- Mr. Salem is currently the President and CEO of Symantec Corporation.
- The Board of Directors now consists of 12 members.
- No financial results or operational metrics are included in this specific filing.