Business Context and Reporting Period
This Form 8-K filing by Automatic Data Processing, Inc. (ADP) covers the reporting period of September 25, 2008, with the report dated September 26, 2008. The filing addresses a strategic corporate action regarding the transfer of the company's stock listing.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative transfer of the company's stock listing.
Material Changes
- Listing Transfer: ADP announced its intention to voluntarily cease trading on the New York Stock Exchange (NYSE) and transfer its listing to the NASDAQ Global Select Market.
- Effective Dates: Trading on the NYSE is expected to cease on October 20, 2008. Trading on NASDAQ is expected to begin on October 21, 2008.
- Stock Symbol: The company will continue to trade under the symbol "ADP" on the new exchange.
- Board Approval: The transfer has been approved by ADP's Board of Directors.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, management commentary on future earnings, or specific risk factors related to the transfer. The primary contingency noted is the scheduled transition date between exchanges. A press release detailing the transfer is attached as Exhibit 99.1.
Investor Verification Checklist
- Confirm the exact trading halt date on the NYSE (October 20, 2008).
- Verify the commencement of trading on NASDAQ (October 21, 2008).
- Ensure brokerage accounts are updated to reflect the exchange change while maintaining the "ADP" ticker symbol.
- Review the attached press release (Exhibit 99.1) for any additional details on the rationale for the transfer.