Company: ADP
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000008670-25-000047
Chunk: 117

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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.  While the outcome of any litigation is inherently unpredictable, the Company believes it has valid defenses with respect to the legal matters pending against it and the Company believes that the ultimate resolution of these matters will not have a material adverse impact on its financial condition, results of operations, or cash flows.

With respect to the disclosure of administrative or judicial proceedings arising under any Federal, State, or local provisions regulating the discharge of materials into the environment or that are primarily for the purpose of protecting the environment, the Company has determined that the following threshold is reasonably designed to result in disclosure of any such proceeding that is material to its business or financial condition:  any proceeding when the potential monetary sanctions exceed $1 million.

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Item 1A.  Risk Factors

There have been no material changes in our risk factors disclosed in Part 1, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended June 30, 2025.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity SecuritiesTotal Numberof Shares Purchased (1)Average PricePaid per Share (2)Total Number ofShares Purchasedas Part of thePubliclyAnnouncedCommon Stock Repurchase Plan (1)Maximum Approximate Dollar Valueof Shares thatmay yet bePurchased underthe Common StockRepurchase Plan (1) (2)PeriodJuly 1 to 31, 2025394,305 $306.91 394,305 $1,680,881,475 August 1 to 31, 2025415,027 $304.89 415,027 $1,554,342,458 September 1 to 30, 2025409,018 $294.64 409,018 $1,433,828,224 Total1,218,350 1,218,350  

(1)The Company received the Board of Directors' approval in November 2022 to repurchase $5 billion of its common stock. (2)Inclusive of the impact of the one-percent excise tax under the Inflation Reduction Act of 2022.

There is no expiration date for the common stock repurchase authorization.

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Item 5.  Other Information

During the fiscal quarter ended September 30, 2025, our executive officers and directors adopted the following trading arrangements that are intended to satisfy the affirmative defense of Rule 10b5-