Company: PAYC
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001193125-25-072358
Chunk: 26

Company: Paycom Software, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 26
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te’s retirement in February 2025, we welcomed Robert Foster as our new Chief Financial Officer to advance our growth strategy with his expertise of long-term financial strategy planning, accounting and investor relations. We remain confident in our deep bench of talented leaders as they carry forward Paycom’s strong momentum to execute on our vision for the future.

Following the 2024 say-on-pay vote, we continued our dialogue with our stockholders to better understand their perspectives on our executive compensation program. Consistent with stockholder feedback, average 2024 total reported compensation for non-CEO NEOs decreased 70% compared to 2023 total reported compensation levels, and 50% of the equity incentive opportunities for continuing non-CEO NEOs were delivered in the form of performance-based restricted stock units (“PSUs”) to foster a stronger alignment with our financial performance and stockholder experience.

As we have done every year since 2021, we limited Mr. Richison’s 2024 target compensation to base salary and annual cash bonus. In early 2025, the Compensation Committee reassessed our compensation program for Mr. Richison, taking into account, among other factors, the forfeiture of the 2020 CEO Performance Award, and approved a 2025 CEO compensation program that we believe is market-aligned and reflects preferences of our stockholders.

The Board will continue its regular practice of engaging with stockholders throughout the year to ensure our approach to compensation, as well as other critical governance and strategic initiatives, appropriately reflects investor preferences.

On behalf of the full Board, we thank you for your continued support of and investment in Paycom, and respectfully request your support for this year’s executive compensation proposal.

Sincerely,

J.C. Watts, Jr., Chairperson

Frederick C. Peters II

Sharen Jester Turney

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Compensation Discussion and Analysis This Compensation Discussion and Analysis describes our executive compensation philosophy, policies and practices and details the compensation paid to the following executive officers, collectively referred to as our named executive officers (“NEOs”):

| 2024 NEOs             |     | Title                                 |
| Chad Richison         |     | Chief Executive Officer and President |
| Craig E. Boelte(1)    |     | Chief Financial Officer               |
| Bradley S. Smith      |     | Chief Information Officer             |
| Randy Peck(2)         |     | Chief Operating Officer               |
| Amy Vickroy Walker(3) |     | Executive Vice President of Sales