Company: PAYC
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0000950170-25-109719
Chunk: 1

Company: Paycom Software, Inc.
Filing Date: 2025-08-18
Form: 8-K
Item: Item 5.02
Chunk 1
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 October 2024. Prior to that, he served as the Company’s Executive Vice President of Information Technology and Information Security from May 2018 to October 2024, following six years as the Company’s Director of IT. Before joining Paycom, he served for 10 years in a number of leadership roles at Hertz. He earned his bachelor’s degree in computer science and a Master of Business Administration at the University of Central Oklahoma.

Rachael Gannon, 39, most recently served as the Company’s Executive Vice President of Product and Development since April 2025. Ms. Gannon has served in various roles during her approximately 12 years with Paycom, including as Executive Vice President of Product from November 2023 to April 2025 and several product management leadership roles between August 2020 and November 2023. Ms. Gannon earned her bachelor’s degree in business administration and management at Southwestern Christian University.

Compensation Arrangements

Hadlock

Effective August 18, 2025, the Company and Mr. Hadlock entered into a letter agreement (the “Hadlock Letter Agreeme nt”) setting forth certain terms of Mr. Hadlock’s continued employment and his compensation. Mr. Hadlock’s annual base salary is $550,000. Consistent with the terms of a bonus program established prior to Mr. Hadlock’s promotion, he is eligible to receive a 2025 cash bonus of $500,000 payable in quarterly installments, with two payments remaining for 2025. Beginning in 2026, Mr. Hadlock will be eligible for an annual bonus pursuant to the Paycom Software, Inc. Annual Incentive Plan (the “AIP”). Consistent with the bonus program for other executive officers, performance criteria and potential payouts for AIP bonuses will be determined by the Compensation Committee of the Board. Mr. Hadlock is also eligible to receive equity awards under the Paycom Software, Inc. 2023

Long-Term Incentive Plan (the “2023 LTIP”) in accordance with the Company’s typical annual grant cycle for executive officers. The foregoing description of the terms of the Hadlock Letter Agreement is not complete and is qualified in its entirety by reference to the full text of the Hadlock Letter Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

Gannon

Effective August 18, 2025, the Company and Ms. G