8-K/ALeadership Changes

AUTOMATIC DATA PROCESSING INC 8-K/A Report, Executive Changes (Apr 11, 2022)

Filed April 11, 2022For Securities:ADP

Summary

This amended 8-K filing from Automatic Data Processing, Inc. (ADP) primarily details the committee assignments for a recently appointed director, David Goeckeler. Mr. Goeckeler, who joined the Board of Directors in February 2022, has now been assigned to serve on both the Compensation and Management Development Committee and the Corporate Development & Technology Advisory Committee (CDTAC). These committee assignments are important as they indicate the areas where Mr. Goeckeler will be actively contributing to the company's strategic oversight and governance. Additionally, the filing notes a rotation for another board member, Fran Katsoudas, who will be moving from the CDTAC to the Nominating/Corporate Governance Committee. These changes reflect ongoing adjustments within the Board's structure to ensure effective governance and specialized focus on key areas of the business. Investors should note these assignments as they can influence the company's strategic direction and executive compensation decisions.

Key Highlights

  • 1David Goeckeler appointed to the Compensation and Management Development Committee.
  • 2David Goeckeler appointed to the Corporate Development & Technology Advisory Committee (CDTAC).
  • 3These committee appointments for Mr. Goeckeler are effective as of April 6, 2022.
  • 4Fran Katsoudas rotated from the CDTAC to the Nominating/Corporate Governance Committee.
  • 5The filing is an amendment (8-K/A) to a previous report filed on February 14, 2022.
  • 6The report addresses Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Frequently Asked Questions

This amended 8-K filing is to provide updated information regarding the committee assignments for a member of ADP's Board of Directors, David Goeckeler, and a rotation for another director, Fran Katsoudas.

David Goeckeler has been appointed to serve on the Compensation and Management Development Committee and the Corporate Development & Technology Advisory Committee (CDTAC) of the Board.

Committee assignments are important as they indicate where directors will focus their oversight and expertise. Mr. Goeckeler's role on the Compensation Committee can influence executive pay decisions, while his role on the CDTAC suggests involvement in technology strategy and corporate development, both critical areas for ADP's future growth and competitiveness.

Fran Katsoudas has been rotated from the Corporate Development & Technology Advisory Committee (CDTAC) to the Nominating/Corporate Governance Committee of the Board.