Form 8-K · Current Report · Filed 2024-11-08
Automatic Data Processing Announces Executive Transitions
Automatic Data Processing, Inc. (ADP) announced on November 6, 2024, the departure of John C. Ayala, Chief Operating Officer, effective January 1, 2025, and the appointment of Joseph DeSilva as Executive Vice President, North America and Chief of Operations, also effective January 1, 2025. Ayala will continue to serve as a corporate officer until March 31, 2025, during the transition period. DeSilva's new role includes a 6.2% increase in base salary and an increase in his annual target bonus from 100% to 150% of his base salary.
- Filer
- Automatic Data Processing Inc. ADP · NASDAQ
- Filed
- Accession
- 0000950142-24-002701
- CIK
- 0000008670
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$304.85
Next session
+0.6%
Since filing
-12.6%
Latest close
$266.46
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ADP reporting the same item, with the next session's move:
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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