Current Report Filing (8-k)
14 September 2018 - 8:08PM
Edgar (US Regulatory)
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) September 12, 2018
Paycom Software, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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001-36393
(Commission
File Number)
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80-0957485
(IRS Employer
Identification No.)
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7501 W. Memorial Road, Oklahoma City, Oklahoma
(Address of principal executive offices)
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73142
(Zip Code)
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Registrants telephone number, including area code: (405)
722-6900
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:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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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 12b2 of the Securities Exchange Act of 1934 (§ 240.12b2 of this chapter).
Emerging growth
company ☐
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. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On September 12, 2018, Paycom Software, Inc. (the
Company
) entered into the First Amendment to Credit Agreement
and Loan Parties Consent (the
Amendment
) dated effective as of September 7, 2018, which amended that certain Term Credit Agreement dated December 7, 2017 (the
Credit Agreement
), by
and among Paycom Payroll, LLC (the
Borrower
), the Company and certain subsidiaries of the Company as guarantors of the obligations under the loan documents related to the Credit Agreement; JPMorgan Chase Bank, N.A., Bank of
America, N.A. and Kirkpatrick Bank as lenders (collectively, the
Lenders
); and JPMorgan Chase Bank, N.A. as the administrative agent.
As previously disclosed, pursuant to the Credit Agreement, the Lenders agreed to make certain term loans to the Borrower from time to time
during the period beginning December 7, 2017 and ending September 7, 2018 (the
Term Loan Draw Expiration Date
) in an aggregate principal amount of up to $60.0 million. Pursuant to the Amendment, the Term Loan
Draw Expiration Date was extended to March 7, 2019.
The foregoing description of the Amendment is only a summary of its material
terms and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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PAYCOM SOFTWARE, INC.
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Date: September 13, 2018
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By:
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/s/ Craig E. Boelte
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Name:
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Craig E. Boelte
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Title:
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Chief Financial Officer
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