Paycom Software, Inc. (NYSE: PAYC) refiled a February 18, 2026 disclosure the next day solely to add a signature its lawyers had left off the first version, and buried in that same document is the actual news: Chad Richison's operating structure below the CEO has changed. Shane Hadlock, previously the company's chief client officer and chief technology officer, was named President and Chief Client Officer effective February 18, with his base salary raised to $700,000, and chief operating officer Randy Peck now reports to him rather than to Richison directly sec.govPaycom Software, Inc. (Form: 8-K/A, Received (content.edgar-online.com).

The signature omission is procedural. Under Section 13 or 15(d) of the Securities Exchange Act of 1934, every Form 8-K requires a conformed signature. Paycom's February 18 filing went out without one, forcing the Form 8-K/A filed February 19, 2026 at 10:41:12 a.m. to "amend and restate" the original "solely to include" it, with "no other modifications" to the substance Paycom Software, Inc. (Form: 8-K/A, Received (content.edgar-online.com). Paycom's own investor relations page lists the same document as an "Amended Current report filing" dated February 19, 2026, with no narrative beyond the filing type paycom.com (investors.paycom.com). Neither source disputes the underlying disclosure; both simply confirm that the fix touched nothing but the signature block.

What actually moved under Item 5.02

The substance both filings carry is a change reported under Item 5.02, the SEC category for officer appointments and departures. He has spent nearly 14 of his more than 30 years in technology in various Paycom IT roles, including six years as director of IT and then executive vice president of information technology and information security from 2018 to 2024, before a decade at Hertz sec.gov. Richison remains CEO and chairman; the filing states no other arrangement or understanding exists between Hadlock and any other party tied to the appointment sec.gov.

The reporting chain matters more than the title. Peck, previously Paycom's chief operating officer, now reports to Hadlock rather than to Richison sec.gov. That is a layer inserted between the CEO and day-to-day operations at a company that had, as recently as January 23, 2026, also swapped its chief sales officer — Jeff York returned to that post, a role he last held before April 2021, succeeding Amy Walker, who moved into a 12-month consulting agreement at $46,920.86 a month 8-K - SEC.gov. Two changes to the executive bench inside four weeks, both filed as routine Item 5.02 events, are the pattern; neither filing frames them as connected, and nothing in either document ties the two moves to a single cause.

The number that did not change

What the amendment does not touch is Paycom's operating trajectory. The company's most recent quarterly filing, covering the period ended June 30, 2026, reported total revenue of $531.2 million, up 9.8% from $483.6 million a year earlier, with GAAP net income of $107.4 million, a 20.2% margin, and adjusted EBITDA of $235.0 million at a 44.2% margin PAYC 8-K Filings - PAYCOM SOFTWARE, INC. SEC 8-K (stocktitan.net). Management's full-year 2026 guidance calls for revenue of $2.197 billion to $2.212 billion, implying 7% to 8% growth, and adjusted EBITDA of $1.007 billion to $1.022 billion, roughly a 46% margin at the midpoint PAYC 8-K Filings - PAYCOM SOFTWARE, INC. SEC 8-K (stocktitan.net). In the same quarter Paycom repurchased 2,570,072 shares for $345.9 million and paid $17.9 million in dividends, consistent with a board that in August declared a $0.375 per-share quarterly dividend payable September 8, 2026 PAYC 8-K Filings - PAYCOM SOFTWARE, INC. SEC 8-K (stocktitan.net). None of that activity is disclosed in, or connected by either filing to, the February management change.

The gap in the record is the reasoning behind the reshuffle itself. Neither the original 8-K nor its amendment states why Richison restructured operating authority around Hadlock rather than leaving Peck reporting directly to the CEO, and no analyst commentary on the move appears in the filings reviewed.