OKLAHOMA CITY--(BUSINESS WIRE)--
Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of
comprehensive, cloud-based human capital management software, today
announced the departure of William X. Kerber III, Paycom’s Chief
Information Officer, effective immediately. Due to personal reasons,
Kerber has decided to step down from his responsibilities at Paycom to
focus on his family.
“I’ve known William since childhood and we are great friends,” said
Paycom’s founder and CEO, Chad Richison. “Although I will miss seeing
him at work, our friendship transcends these walls. William’s many years
of loyalty and dedication to Paycom’s success are appreciated by us all.”
Two of Paycom’s senior technology leaders, Brad Smith and Shane Hadlock,
will work together to assume Kerber’s responsibilities until his
successor is named. Smith, Paycom’s Director of Software Development,
has over 12 years of service with the company, while Hadlock, Paycom’s
Director of Information Technology, has served in his capacity for the
last five years.
“Taking part in the development and growth of one of the world's
fastest-growing technology companies has been an honor, and I look
forward to watching it continue to grow and lead the industry,” said
Kerber.
About Paycom
As a leader in payroll and HR technology, Oklahoma City-based Paycom
redefines the human capital management industry by allowing companies to
effectively navigate a rapidly changing business environment. Its
cloud-based software is based on a core system of record maintained in a
single database for all human capital management functions, providing
the functionality that businesses need to manage the complete employment
life cycle, from recruitment to retirement. Paycom has the ability to
serve businesses of all sizes and in every industry. As one of the
leading human capital management providers, Paycom serves clients in all
50 states from sales offices across the country.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are any statements that refer to the
Company’s estimated or anticipated results, other non-historical facts
or future events and include, but are not limited to, statements
regarding our business strategy; anticipated future operating results
and operating expenses, cash flows, capital resources, dividends and
liquidity; trends, opportunities and risks affecting our business,
industry and financial results; future expansion or growth plans and
potential for future growth; our ability to attract new clients to
purchase our solution; our ability to retain clients and induce them to
purchase additional applications; our ability to accurately forecast
future revenues and appropriately plan our expenses; market acceptance
of our solution and applications; our expectations regarding future
revenues generated by certain applications; the impact of future
regulatory, judicial, or legislative changes; how certain factors
affecting our performance correlate to improvement or deterioration in
the labor market; our plan to open additional sales offices and our
ability to effectively execute such plan; the sufficiency of our
existing cash and cash equivalents to meet our working capital and
capital expenditure needs over the next 12 months; our ability to expand
our corporate headquarters within an expected timeframe; our plans
regarding our capital expenditures and investment activity as our
business grows, including with respect to research and development; our
expected income tax rate for future periods; and our plans to purchase
shares of our common stock through a stock repurchase plan. In addition,
forward-looking statements also consist of statements involving trend
analyses and statements including such words as “anticipate,” “believe,”
“could,” “expect,” “may,” “might,” “plan,” “possible,” “potential,”
“project,” “should,” “would,” and similar expressions or the negative of
such terms or other comparable terminology. These forward-looking
statements speak only as of the date hereof and are subject to business
and economic risks. As such, our actual results could differ materially
from those set forth in the forward-looking statements as a result of
the factors discussed in our filings with the Securities and Exchange
Commission, including but not limited to those discussed in our Annual
Report on Form 10-K for the year ended December 31, 2016. We do not
undertake any obligation to update or revise the forward-looking
statements to reflect events or circumstances that exist after the date
on which such statements were made, except to the extent required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171009005983/en/
Source: Paycom Software, Inc.