UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 31, 2023
(Exact name of registrant as specified in its charter)
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| (Address of principal executive offices) | (Zip Code) | |||||||||||||
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Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
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(Nasdaq Global Select Market) | ||||||||||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||
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| Item 5.07. | Submission of Matters to a Vote of Security Holders. | ||||
On October 31, 2023, Paycor HCM, Inc. (the “Company”) held its 2023 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 II directors for a term expiring at the Company’s 2026 annual meeting of stockholders and until their successors shall have been duly elected and qualified.
| Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||||||||||||||||
| Kathleen Burke | 150,071,781 | 18,850,475 | 4,853,954 | |||||||||||||||||
| Steven Collins | 163,748,943 | 5,173,313 | 4,853,954 | |||||||||||||||||
| Jeremy Rishel | 168,569,703 | 352,553 | 4,853,954 | |||||||||||||||||
Proposal No. 2: Proposal to approve, on an advisory and non-binding basis, the compensation of the Company’s named executive officers.
The Company’s stockholders approved, on an advisory and non-binding basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s definitive proxy statement for the Annual Meeting.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 143,459,800 | 21,081,503 | 4,380,953 | 4,853,954 | |||||||||||||||||
Proposal No. 3: Proposal to approve, on an advisory and non-binding basis, the frequency of future stockholder advisory votes on executive compensation.
The Company’s stockholders approved, on an advisory and non-binding basis, to hold future advisory votes on the Company’s executive compensation (“Say-on-Pay votes”) every one year.
| 1 Year | 2 Years | 3 Years | Abstentions | Broker Non-Votes | ||||||||||||||||||||||
| 168,793,402 | 769 | 121,294 | 6,791 | 4,853,954 | ||||||||||||||||||||||
Considering the stockholders’ non-binding approval to hold future Say-on-Pay votes every one year, the Company’s board of directors (the “Board”) has determined that future Say-on-Pay votes will be conducted every one year. The Board will re-evaluate this determination after the next required stockholder advisory vote on the frequency of future Say-on-Pay votes (which will be at the Company’s 2029 annual meeting of stockholders, unless presented earlier).
Proposal No. 4: 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, 2024.
The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024 was ratified by the Company’s stockholders.
| Votes For | Votes Against | Abstentions | ||||||||||||
| 173,153,622 | 620,333 | 2,255 | ||||||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PAYCOR HCM, INC. | |||||||||||||||||
| November 1, 2023 | By: | /s/ ALICE GEENE | |||||||||||||||
| Name: Alice Geene | |||||||||||||||||
| Title: Chief Legal Officer and Secretary | |||||||||||||||||
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