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AI brief of an SEC Form 8-K · Paycom (PAYC)

Paycom CIO Brad Smith to step down October 31, 2025; executive team reorganized

Neutral Impact 4 of 5 leadership Written later

Paycom announced that Chief Information Officer Brad Smith will resign effective October 31, 2025, and move to the role of Senior Technical Strategist. The Board also reorganized executive responsibilities, naming Shane Hadlock chief technology officer alongside his chief client officer role and Rachael Gannon chief automation officer. The filing contains no financial results; the changes are personnel and compensation matters that shareholders may watch for effects on IT leadership.

Key points

  • Brad Smith intends to resign as CIO effective October 31, 2025, and will become Senior Technical Strategist for Paycom Payroll, LLC
  • Shane Hadlock's 2025 cash bonus is $500,000 with base salary of $550,000; Rachael Gannon's 2025 cash bonus is $200,000 with base salary of $525,000
  • Smith's transition agreement accelerates vesting of 7,000 restricted shares and 5,393 restricted stock units, and cancels 19,000 unvested restricted shares and 7,901 unvested RSUs
  • Changes were approved by the Board on August 18, 2025; Chad Richison, Bob Foster, Amy Vickroy Walker and Randy Peck were also designated executive officers

The filing

CompanyPaycom (PAYC)
Form8-K, current report
Filed with the SECAug 18, 2025, 4:10 PM ET
Accession number0000950170-25-109719

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.