03/05/2026 | Press release | Distributed by Public on 03/05/2026 15:48
Item 8.01 Other Events.
On March 5, 2026, the Board of Directors (the "Board") of Paycom Software, Inc. (the "Company") authorized the Company to repurchase up to an additional $200 million of shares of the Company's common stock, par value $0.01 per share ("Common Stock"), under the Company's stock repurchase plan. The partial replenishment of the stock repurchase plan followed the Company's completion of approximately $1.45 billion of aggregate share repurchases since the plan was authorized in July 2024.
The Company may repurchase shares of Common Stock from time-to-time in open market transactions at prevailing market prices, in privately negotiated transactions (including accelerated share repurchases) or by other means in accordance with federal securities laws, including Rule 10b5-1 programs, and the Company's repurchase plan may be suspended or discontinued at any time. The actual timing, number and value of shares repurchased will be determined by a committee of the Board at its discretion and will depend on a number of factors, including the market price of the Common Stock, general market and economic conditions and other corporate considerations. The stock repurchase plan will expire on August 15, 2026.