UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in charter)
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (I.R.S. Employer Identification Number) |
(Address of principal executive offices, including zip code)
(
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
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:
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 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 8.01. | Other Events |
On November 16, 2020, Paylocity Holding Corporation issued a press release announcing the acquisition by merger of Samepage Labs Inc., an all-in-one team collaboration solution. A copy of the press release is being filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Paylocity Holding Corporation on November 16, 2020. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Paylocity Holding Corporation on November 16, 2020. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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.
| PAYLOCITY HOLDING CORPORATION | ||
| Date: November 16, 2020 | By: | /s/ Steven R. Beauchamp |
| Steven R. Beauchamp | ||
| Chief Executive Officer | ||
Exhibit 99.1
November 16, 2020
CONTACT:
Kellie Flaherty
Walker Sands, for Paylocity
PaylocityPR@walkersands.com
773-459-6954
Paylocity Announces Acquisition of Samepage
Online collaboration platform expands Paylocity's product suite, reaffirms commitment to creating the most modern workforce solutions
SCHAUMBURG, IL., November 16, 2020 — Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces the acquisition of Samepage, an all-in-one team collaboration solution.
Samepage offers digital collaboration tools including task management, file sharing, real-time document collaboration and more. With the deal, Paylocity expands its product functionality in these areas and demonstrates commitment to building its modern workforce suite of solutions that meet the needs of both HR teams and employees.
Through Paylocity’s acquisition of Samepage, clients and their employees can collaborate to elevate the remote work experience while increasing productivity and efficiency among teams.
“We’ve always viewed our clients as the co-creators of our products, and joining forces with Samepage is another way we’re responding to their needs. In the last year, it’s become increasingly clear that HR professionals want modern and unified solutions for employee communication and collaboration as they continue to manage remote workforces,” said Steve Beauchamp, CEO of Paylocity. “We’re thrilled to add Samepage’s solutions to our portfolio, as this will provide us the opportunity to offer advanced collaboration capabilities extending beyond what is currently available to our clients in our Community module.
In today’s increasingly distributed digital workforce, teams are looking to consolidate the amount of solutions used daily to get their jobs done. Through Paylocity’s acquisition of Samepage, clients will be able to enhance the remote work experience while increasing productivity and improving employee engagement. The acquisition provides another proof point that Paylocity is committed to delivering the most modern HCM solution in the market.
“We are thrilled to join the Paylocity family,” said Scott Schreiman, Founder and CEO of Samepage. "The Paylocity team shares our vision that organizations are far more productive when their employees can communicate, manage projects, collaborate and share screens in a single workspace. Together, we’re looking forward to delivering exactly what today’s workforce is looking for.”
To learn more about Paylocity, please visit: www.paylocity.com
###
About Paylocity
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based HR and payroll software solutions headquartered in Schaumburg, IL. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses tackle today's challenges while moving them toward the promise of tomorrow. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement. For more information, visit www.paylocity.com.
About Samepage
Samepage is an all-in-one team collaboration suite delivering a variety of work solutions through its cloud-based platform for today’s modern workforce by combining file sharing, task management, screen sharing and real-time document co-editing.