UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 23, 2020
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Automatic Data Processing, Inc. |
(Exact name of registrant as specified in charter) |
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Delaware | | 1-5397 | | 22-1467904 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
One ADP Boulevard, Roseland, New Jersey 07068
(Address of principal executive offices) (Zip Code)
(973) 974-5000
(Registrant's telephone number, including area code)
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N/A |
(Former name or former address, if changed since last report)
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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:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act: | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, $0.10 Par Value
(voting) | ADP | NASDAQ Global Select Market |
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. o
Item 7.01 - Regulation FD Disclosure
In order to help our associates globally with the unexpected hardships they are facing due to the COVID-19 pandemic, on March 22, 2020, Automatic Data Processing, Inc. (“ADP”) announced to its workforce a one-time payment of $1,000 (or equivalent, based on the average wage parity in each country) for each associate of ADP and its subsidiaries, excluding corporate officers. The payment will be made in April 2020, and will add approximately $51 million (pre-tax) to our fiscal 2020 expenses, which was not contemplated in our outlook issued on January 29, 2020.
The information furnished pursuant to Item 7.01 of this Current Report shall not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.
SIGNATURE
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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| | | | | | | | | | | | | | | AUTOMATIC DATA PROCESSING, INC. |
| | | | | | | | | | | | | | | (Registrant) |
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| | | | | | | | | | | | | | By: | /s/ Michael A. Bonarti |
| Date: March 23, 2020 | | | | | | | | | Name: Michael A. Bonarti |
| | | | | | | | | | | | | | | Title: Vice President |
