Company: PAYC
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-024136
Chunk: 137

Company: Paycom Software, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1B
Chunk 137
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Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this evaluation, management concluded that our internal control over financial reporting was effective as of December 31, 2024.

The effectiveness of our internal control over financial reporting as of December 31, 2024, has been audited by Grant Thornton LLP, an independent registered public accounting firm, as stated in its attestation report included on the following page.

Changes in Internal Control Over Financial Reporting

There have been no material changes in our internal control over financial reporting that occurred during the quarter ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

Item 9B. Other Information

Rule 10b5-1 Trading ArrangementsOn December 12, 2024, an entity affiliated with Chad Richison, Chief Executive Officer, President and Chairman of the Board of Directors, adopted a Rule 10b5-1 trading arrangement (the “Richison 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The Richison 10b5-1 Plan provides for the sale of up to 600,000 shares of common stock on behalf of the affiliated entity during the period beginning on the later of (i) March 13, 2025, and (ii) the third trading day following disclosure of the Company’s financial results on Form 10-K for the year ended December 31, 2024, and ending September 12, 2025, subject to earlier termination in accordance with the terms of the Richison 10b5-1 Plan and applicable laws, rules and regulations. On December 12, 2024, Craig Boelte, Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement (the “Boelte 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The Boelte 10b5-1 Plan provides for the sale of up to 20,000 shares of common stock on behalf of Mr. Boelte during the period beginning on the later of (i) March 13, 2025, and (ii) the third trading day following disclosure of the Company’s financial results on Form 10-K for the year ended