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Form 8-K · Current Report · Filed 2024-01-10

ADP Announces New Independent Board Chair and Leadership Transition

On January 10, 2024, Automatic Data Processing, Inc.

Filer
Automatic Data Processing Inc. ADP · NASDAQ
Filed
Accession
0000950142-24-000071
CIK
0000008670
Signal
High impactTechnology

Details

(ADP) announced that Thomas J. Lynch has been appointed as the new independent, non-executive Chair of the Board, effective January 31, 2024. Lynch succeeds Carlos A. Rodriguez, who will remain as a non-employee director. In related changes, John P. Jones will transition from Lead Independent Director to a member of the Compensation and Management Development Committee and the Nominating/Corporate Governance Committee. Scott F. Powers will become Chair of the Compensation and Management Development Committee, and Nazzic S. Keene will chair the Nominating/Corporate Governance Committee. The appointment of Lynch is part of a broader board leadership transition that also includes reassignments of board committee chairs. ADP also filed the press release as an exhibit.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed Board Member Departure Key Executive Appointment
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$235.22

Next session

+0.1%

Since filing

+13.3%

Latest close

$266.46

What happened, not what will happen — closing prices around the filing date.

Exhibits (1)

About Automatic Data Processing Inc.

Automatic Data Processing Inc. is a leading provider of human capital management (HCM) solutions. With a broad suite of services, ADP delivers payroll processing, talent management, HR outsourcing, and compliance expertise to businesses across various industries. Well-regarded for its comprehensive payroll services, ADP processes payments for millions of employees globally, ensuring accurate and timely salary disbursements. The company also offers solutions that help organizations manage their workforce more effectively, including recruitment, benefits administration, and employee performance management. Headquartered in Roseland, New Jersey, ADP serves clients ranging from small businesses to large multinational corporations. Its technology-driven services and dedication to compliant, efficient management make ADP a cornerstone in the HR services sector, fostering organizational growth and employee satisfaction worldwide.

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