Why is ADP transferring its listing from the NYSE to Nasdaq?

The filing does not provide specific reasons for the transfer, but such moves are often driven by factors such as cost considerations, alignment with a particular market sector, or perceived benefits of trading on the new exchange. Investors may want to look for further commentary from the company regarding the strategic rationale behind this decision.

Will my ADP shares be affected by this transfer?

Your ADP shares will continue to be traded, but the exchange they are listed on will change from the NYSE to Nasdaq. The ticker symbol "ADP" will remain the same, and the transition is planned to be seamless with minimal disruption, occurring over October 20-21, 2008.

Is this transfer an indicator of any financial distress or operational issues for ADP?

No, this filing is solely related to the change of stock exchange listing. It is a voluntary decision approved by the Board of Directors and does not inherently signal financial distress or operational problems. In fact, it can sometimes be a proactive strategic move.

When will the change officially take place?

ADP expects to voluntarily cease trading on the NYSE effective October 20, 2008, and begin trading on Nasdaq on October 21, 2008.

ADP 8-K: Securities & Listing

Summary

Automatic Data Processing, Inc. (ADP) announced on September 26, 2008, its strategic decision to voluntarily transfer its common stock listing from the New York Stock Exchange (NYSE) to the NASDAQ Global Select Market (Nasdaq). This move is expected to be completed by October 20, 2008, with trading on Nasdaq commencing on October 21, 2008, under the existing ticker symbol "ADP". The company's Board of Directors has officially approved this transition. This listing transfer signifies a potential shift in how investors access and trade ADP's shares, and while not directly indicative of operational changes, such moves can sometimes be driven by factors like cost savings, enhanced visibility within a specific market, or strategic alignment with other listed technology or service companies on Nasdaq. Investors should note that the stock symbol will remain the same, minimizing immediate impact on trading recognition.

Key Highlights

1ADP is voluntarily delisting from the NYSE.
2ADP plans to list its common stock on the NASDAQ Global Select Market.
3The expected effective date for ceasing NYSE trading is October 20, 2008.
4Trading on Nasdaq is anticipated to begin on October 21, 2008.
5The stock ticker symbol "ADP" will remain the same on Nasdaq.
6ADP's Board of Directors has approved the listing transfer.
7A press release dated September 26, 2008, detailing the transfer is attached as an exhibit.

AUTOMATIC DATA PROCESSING INC 8-K Report, Listing Notice (Sep 26, 2008)

Summary

Key Highlights

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