Why is the retirement of Ms. Ann Dibble Jordan significant?

Ms. Jordan's retirement after 14 years on the board is significant due to her long tenure. It may indicate a shift in board strategy, a desire for new perspectives, or changes in her personal commitments. Investors often watch board changes for insights into corporate governance and future direction.

What specifically changed in the company's By-laws?

The filing indicates that the amendments to the By-laws specifically concern the number of directors that will comprise the entire Board of Directors. The exact new number is not detailed in the 8-K but is reflected in the Amended and Restated By-laws filed as an exhibit.

When did these changes take effect?

Both Ms. Jordan's retirement and the adoption of the Amended By-laws took effect on August 9, 2007. The By-laws amendments became effective immediately upon their adoption by the Board of Directors.

ADP 8-K: Leadership Changes & Corporate Changes

Summary

Automatic Data Processing, Inc. (ADP) filed an 8-K on August 9, 2007, primarily announcing two key corporate governance changes. First, Ms. Ann Dibble Jordan retired from the Board of Directors after a significant tenure of 14 years, having served since 1993. This departure may signal a transition in board composition or expertise.

Key Highlights

1Ms. Ann Dibble Jordan retired from ADP's Board of Directors, effective August 9, 2007.
2Ms. Jordan had been a director since 1993, indicating a long-standing commitment.
3ADP's Board of Directors adopted amendments to the company's By-laws.
4The amendments to the By-laws relate to the number of directors constituting the entire Board.
5The Amended By-laws became effective immediately upon adoption by the Board.
6The filing includes the Amended and Restated By-laws as an exhibit (Exhibit 3.2).

AUTOMATIC DATA PROCESSING INC 8-K Report, Executive Changes (Aug 9, 2007)

Summary

Key Highlights

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