Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On October 26, 2022, effective immediately following the adjournment of the
Annual Meeting (as defined in Item 5.07 below), the Board of Directors (the
"Board") of Paycor HCM, Inc. (the "Company") appointed Jeremy Rishel to the
board of directors. Mr. Rishel will serve as a Class II director until the
Company's second annual meeting of stockholders to be held in 2023, and until
such time as his successor is duly elected and qualified, or until his earlier
death, resignation or removal. At this time, Mr. Rishel has not been appointed
to serve on any committees of the Board.
The Company is not aware of any related party transactions or relationships
between Mr. Rishel and the Company that would require disclosure under Item
404(a) of Regulation S-K.
Mr. Rishel was designated as a director pursuant to the Director Nomination
Agreement, dated July 23, 2021, by and between the Company and Pride Aggregator,
L.P. There are no other arrangements or understandings between Mr. Rishel and
any other person pursuant to which Mr. Rishel was selected as a director of the
Company.
Mr. Rishel will receive compensation and benefits in connection with his service
as a director under the Company's non-employee director compensation policy,
previously approved by the Compensation and Benefits Committee of the Board on
January 27, 2021. Consistent with that policy, Mr. Rishel will receive an equity
award, effective as of October 26, 2022, in the form of $170,000 in restricted
stock units which will vest in full on October 1, 2023 (to coincide with the
vesting date of the annual equity grants made to the Company's other eligible
non-employee directors), subject to Mr. Rishel's continued service through such
date. The Company has also entered into its standard indemnification agreement
with Mr. Rishel, the form of which is filed as Exhibit 10.12 to the Company's
Annual Report on Form 10-K for its fiscal year ended June 30, 2022.
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On October 26, 2022, the Company held its 2022 Annual Meeting of Stockholders
(the "Annual Meeting"). Set forth below are the final voting results for each
proposal submitted to a vote of the Company's stockholders at the Annual
Meeting.
Proposal No. 1: Election of directors.
The Company's stockholders elected the following nominees for director to serve
as Class I directors for a term expiring at the Company's 2025 Annual Meeting of
Stockholders and until their successors shall have been duly elected and
qualified.
Nominee Votes For Votes Withheld Broker Non-Votes
Whitney Bouck 162,461,364 9,764,707 1,704,851
Scott Miller 162,446,133 9,779,938 1,704,851
Jason Wright 153,400,483 18,825,588 1,704,851
Proposal No. 2: Proposal to ratify of the appointment of Ernst & Young LLP as
the Company's independent registered public accounting firm for the fiscal year
ending June 30, 2023.
The appointment of Ernst & Young LLP as the Company's independent registered
public accounting firm for the fiscal year ending June 30, 2023 was ratified by
the Company's stockholders.
Votes For Votes Against Votes Withheld Broker Non-Votes
173,559,293 371,373 256 -
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
99.1 Press Release of Paycor HCM, Inc., dated October 28, 2022
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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