Amendment: Dayforce Inc. filed SEC Form 8-K: Leadership Update
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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(Amendment No. 1)
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c)
On September 5, 2024, Dayforce, Inc. (the “Company” or “Dayforce”) filed a Current Report on Form 8-K (the “Original Filing”) reporting, among other things, the appointment by the Board of Directors (the “Board”) of the Company of Stephen H. Holdridge as President and Chief Operating Officer of the Company.
On October 25, 2024, the Compensation Committee (the “Committee”) of the Board approved a one-time equity grant to Mr. Holdridge with a value of $2.0 million (the “Holdridge Equity Award”) under the terms of the Dayforce, Inc. 2018 Equity Incentive Plan, as may be amended from time to time, in recognition of Mr. Holdridge’s promotion and additional responsibilities. The Holdridge Equity Award will be granted in the form of restricted stock units with a value of $2.0 million (the “RSUs”). The RSUs will vest as to one-third of the award on each of the first three anniversaries of the grant date subject to Mr. Holdridge’s continued service and will be granted on the form of RSU award agreement filed as an exhibit to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2024.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dayforce, Inc. |
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Date: October 30, 2024
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By: |
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/s/ William E. McDonald |
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Name: |
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William E. McDonald |
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Title: |
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Executive Vice President, Chief Legal and Compliance Officer, and Corporate Secretary |