AI English summary of an SEC filing — figures as filed
Automatic Data Processing ADPThe company said it appointed Peter J. Hadley, 52, as Chief Financial Officer on April 28, 2025, effective July 1, 2025. He succeeds Don McGuire, who steps down from the role on June 30, 2025.
Key points
AI summaryThe company said it appointed Peter J. Hadley, 52, as Chief Financial Officer on April 28, 2025, effective July 1, 2025. He succeeds Don McGuire, who steps down from the role on June 30, 2025.
The company said Don McGuire will remain a corporate officer during a transition period from June 30, 2025, when he steps down as CFO, through September 30, 2025. ADP's filing said Hadley will report directly to Maria Black, President and Chief Executive Officer.
The company said it is providing Hadley an annual base salary of $650,000 and an annual target bonus of 150% of base salary. It said his expected annual total target equity award value for fiscal 2026 is $4,875,000. The equity award consists of PSUs and RSUs.
The company said Hadley would receive 18 months of salary continuation and a prorated bonus if his employment is involuntarily terminated without cause. It said he would receive 150% of his total annual compensation if he is terminated without cause or for good reason within 2 years after a change in control. He is also subject to a stock ownership target equal to 3 times base salary as CFO.
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.
Peter J. Hadley to become Chief Financial Officer effective July 1
The company said it appointed Peter J. Hadley, 52, as Chief Financial Officer on April 28, 2025, effective July 1, 2025. He succeeds Don McGuire, who steps down from the role on June 30, 2025.
Source · Based on the filing body and exhibits
Don McGuire transition period and Hadley reporting line
The company said Don McGuire will remain a corporate officer during a transition period from June 30, 2025, when he steps down as CFO, through September 30, 2025. ADP's filing said Hadley will report directly to Maria Black, President and Chief Executive Officer.
Source · Based on the filing body and exhibits
Hadley pay: base salary $650,000, target bonus 150%
The company said it is providing Hadley an annual base salary of $650,000 and an annual target bonus of 150% of base salary. It said his expected annual total target equity award value for fiscal 2026 is $4,875,000. The equity award consists of PSUs and RSUs.
Source · Based on the filing body and exhibits
Hadley severance, change-in-control terms and share ownership requirement
The company said Hadley would receive 18 months of salary continuation and a prorated bonus if his employment is involuntarily terminated without cause. It said he would receive 150% of his total annual compensation if he is terminated without cause or for good reason within 2 years after a change in control. He is also subject to a stock ownership target equal to 3 times base salary as CFO.
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.
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