Paycom Software, Inc. (PAYC, Financial) has announced a strategic expansion of its Board of Directors, increasing the number of directors from seven to eight. On December 10, 2024, the company appointed Joe Binz as a Class II director. Mr. Binz will stand for re-election at the company's annual meeting of stockholders in 2027 and will also serve on the audit committee of the Board.
Joe Binz brings a wealth of experience to Paycom Software, having served as the Chief Financial Officer at Atlassian Corporation since 2022. In his role at Atlassian, he oversees the global finance organization, including accounting, finance, internal audit, investor relations, tax, treasury, and procurement teams. Prior to his tenure at Atlassian, Mr. Binz held various management roles at Microsoft Corporation from 2002 to 2022, where he played a pivotal role in guiding the company's transition to cloud-based solutions. His career also includes significant experience at Intel Corporation from 1994 to 2001, where he supported manufacturing operations, product groups, and Intel Capital in various finance roles.
Mr. Binz holds a Bachelor of Science in Finance from the University of Illinois Urbana-Champaign and a Master of Business Administration from the University of Michigan’s Ross School of Business. As a non-employee director, he will receive standard compensation as outlined in Paycom Software's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2024.
The appointment of Mr. Binz is part of Paycom Software's ongoing efforts to strengthen its leadership team with experienced professionals who can contribute to the company's strategic growth and governance. The company has confirmed that there are no arrangements or understandings between Mr. Binz and any other person that led to his appointment as a director, and he does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
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