Paycom Software, Inc. 8-K

What Happened

• Paycom Software, Inc. announced on January 23, 2026 that the Board appointed Jeff York as Chief Sales Officer, effective January 23, 2026. Mr. York previously served as Paycom’s Chief Sales Officer from 2007 to April 2021.
• Amy Walker transitioned from her prior role to a consulting role (transition dated January 20, 2026) and on January 23, 2026 entered into an Independent Consultant and Services Agreement with Paycom Payroll, LLC and a Release and Award Cancellation and Acceleration Agreement with Paycom Software, Inc.

Key Details

• Consulting term: 12 months beginning January 23, 2026; consulting fee: $46,920.86 per month.
• Restrictive terms: the consulting agreement includes confidentiality and non‑competition provisions during the consulting term and for 12 months after termination.
• Termination/repayment: Paycom may immediately terminate the consulting agreement for material breach or violation of confidentiality/non‑compete (30‑day cure period if curable); if terminated for those reasons Paycom may be reimbursed for fees paid.
• Equity actions: Ms. Walker agreed to cancel certain unvested equity awards; in exchange the company accelerated vesting of 2,952 shares of time‑based restricted stock and 2,796 unvested restricted stock units. Full agreements will be filed with the company’s 2025 Form 10‑K.

Why It Matters

• This is a leadership change in Paycom’s sales organization—Jeff York’s return to the Chief Sales Officer role may indicate continuity with prior sales leadership and strategy given his long prior tenure.
• The consulting arrangement and equity acceleration alter Ms. Walker’s compensation mix and outstanding equity, which is a concrete change to executive-related expenses and equity dilution/timing. The monthly consulting fee and the accelerated shares are specific, disclosed costs investors can track.
• The filing is procedural (an Item 5.02 executive change and related agreements) and includes a press release (Exhibit 99.1); investors should watch for any operational updates from Paycom that reflect the sales leadership transition.