Business Context and Reporting Period
This Form 8-K Current Report was filed by Automatic Data Processing, Inc. (ADP) on January 23, 2014. The report discloses a corporate governance event regarding the appointment of a new member to 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 is limited to a personnel announcement and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Michael P. Gregoire as a new director of the Company by the Board of Directors on January 23, 2014.
Management Commentary and Background
- New Director Profile: Michael P. Gregoire is the Chief Executive Officer and a member of the Board of Directors of CA Technologies.
- Experience: Mr. Gregoire possesses more than 25 years of experience in the software and information technology services industries.
- Prior Role: Before joining CA Technologies in January 2013, he served as chairman, president, and chief executive officer of Taleo Corporation, an on-demand software company.
Investor Verification Checklist
- Verify the effective date of Michael P. Gregoire's appointment to the Board.
- Review the Company's proxy statement or subsequent filings for details on Mr. Gregoire's committee assignments.
- Confirm any potential conflicts of interest given Mr. Gregoire's concurrent role as CEO of CA Technologies.