Paycom Software, Inc. 8-K/A

What Happened Paycom Software, Inc. announced on Feb. 18, 2026 (filed Feb. 19, 2026) that the Board appointed Shane Hadlock as President and Chief Client Officer; he will serve as the company’s sole principal operating officer. Chad Richison remains CEO and Chairman, and Randy Peck (COO) will report to Mr. Hadlock. In connection with the promotion, Mr. Hadlock’s annual base salary was increased to $700,000.

Key Details

• Appointment date: February 18, 2026; Form 8-K filed February 19, 2026.
• Compensation: annual base salary increased to $700,000.
• Reporting lines: Randy Peck, Chief Operating Officer, will report to President Hadlock; Chad Richison continues as CEO and Chairman.
• Background: Mr. Hadlock, 51, has over 30 years of technology experience and nearly 14 years at Paycom, including roles as Chief Client Officer, Chief Technology Officer, Executive VP of IT & Information Security, and Director of IT.
• Bylaws changes: the Board approved amended bylaws allowing the President’s duties to be assigned and directed by the Board or the CEO (previously the Board only), and revised the definition of “Principal Competitor” to permit the Board, in good faith, to determine competing entities rather than relying on SEC filing references.
• Corporate disclosure: the company issued a press release announcing the appointment.

Why It Matters This filing documents a material leadership change that centralizes day-to-day operating responsibility in the new President role and clarifies who can assign and direct the President’s duties (Board or CEO). The salary increase signals the company’s commitment to the position. The bylaws amendment gives Paycom’s Board broader discretion over advance-notice eligibility through a more flexible “Principal Competitor” definition—an important governance change for nomination processes. No family relationships or related-party transactions were reported in connection with the appointment.