AI English summary of an SEC filing — figures as filed
Automatic Data Processing ADPADP said its board appointed Thomas J. Lynch as independent, non-executive board chair, effective on January 31, 2024. Lynch has been an independent director since 2018.
Key points
AI summaryADP said its board appointed Thomas J. Lynch as independent, non-executive board chair, effective on January 31, 2024. Lynch has been an independent director since 2018.
The company said Carlos A. Rodriguez, who has served as executive chair since January 1, 2023, is handing the chair role to Lynch and will remain on the board as a non-employee director. He will not receive director compensation until the 2024 annual meeting of stockholders.
ADP said that as of January 31, 2024, John P. Jones moves from lead independent director to a member of the CMDC and NCGC, Scott F. Powers becomes CMDC chair, Nazzic S. Keene becomes NCGC chair, and Peter Bisson joins the Audit Committee.
The company said Lynch was CEO of TE Connectivity Ltd. from January 2006 to March 2017, and has chaired the compensation and management development committee since joining the board in 2018. It also said Jones had been independent non-executive chairman since 2015, before serving as lead independent director.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Thomas J. Lynch Named Independent Non-Executive Board Chair
ADP said its board appointed Thomas J. Lynch as independent, non-executive board chair, effective on January 31, 2024. Lynch has been an independent director since 2018.
Source · Based on the filing body and exhibits
Carlos A. Rodriguez Steps Down as Chair, Remains Non-Employee Director
The company said Carlos A. Rodriguez, who has served as executive chair since January 1, 2023, is handing the chair role to Lynch and will remain on the board as a non-employee director. He will not receive director compensation until the 2024 annual meeting of stockholders.
Source · Based on the filing body and exhibits
Board Committee Assignments Reassigned
ADP said that as of January 31, 2024, John P. Jones moves from lead independent director to a member of the CMDC and NCGC, Scott F. Powers becomes CMDC chair, Nazzic S. Keene becomes NCGC chair, and Peter Bisson joins the Audit Committee.
Source · Based on the filing body and exhibits
Lynch's Background and Jones's Prior Role
The company said Lynch was CEO of TE Connectivity Ltd. from January 2006 to March 2017, and has chaired the compensation and management development committee since joining the board in 2018. It also said Jones had been independent non-executive chairman since 2015, before serving as lead independent director.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…