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PAYLOCITY HOLDING CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 4, 2014, the Board of Directors (the "Board") of Paylocity Holding Corporation (the "Company") resolved to increase the size of the Board from five directors to six, and appointed Mr. Andres Reiner as a director to fill the vacancy created upon the expansion in the size of the Board. Mr. Reiner will serve as a Class III director with a term expiring at the Company's 2017 Annual Meeting of Stockholders. The Board determined that Mr. Reiner is independent in accordance with the applicable rules of the NASDAQ Stock Market. The Company's Board has not yet determined on which committees, if any, Mr. Reiner will serve. Mr. Reiner was not selected as a director pursuant to any arrangements or understandings with the Company or with any other person, and there are no related party transactions between Mr. Reiner and the Company that would require disclosure under Item 404(a) of Regulation S-K. Mr.Reiner will receive cash compensation and will be granted restricted stock units for his services on the Board and any applicable committees, in accordance with the Company's standard fee arrangements and as approved by the Compensation Committee. A copy of the press release announcing Mr. Reiner's election is attached hereto as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Paylocity Holding Corporation on September 8, 2014. 2 -------------------------------------------------------------------------------- |