Paycom Software, Inc.
Paycom Software Appoints New COO and Announces Co-CEO Resignation
Summary
On May 30, 2024, Paycom Software, Inc. appointed Randy Peck as Chief Operating Officer, effective immediately. Peck, with over 20 years of experience at the company, will receive an annual base salary of $511,228 and performance-based incentives. Simultaneously, Co-Chief Executive Officer Christopher G. Thomas resigned on May 29, 2024, for personal reasons. He is entitled to a cash severance payment of $812,876 and the accelerated vesting of 2,000 shares of restricted stock under a Severance and Release Agreement.
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About Paycom Software, Inc.
Paycom Software, Inc. is a leading provider of cloud-based human capital management (HCM) software solutions that serve businesses of various sizes across multiple industries. Paycom's primary purpose is to streamline and automate the complex processes involved in human resources and payroll management. The software suite encompasses a broad range of functionalities, including talent acquisition, personnel management, payroll administration, and benefits management, offering businesses a comprehensive platform to manage their workforce efficiently. With its innovative technology, Paycom has impacted several sectors, notably in healthcare, education, and retail, by enhancing employee engagement and ensuring regulatory compliance. Founded in 1998 and headquartered in Oklahoma City, Paycom is recognized for its user-friendly interface and ability to integrate seamlessly with existing enterprise systems, making it a pivotal player in modernizing HR operations in today's digital economy.
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