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We are grateful to have had the opportunity to engage with you about the future direction of ADP, and we thank you for your support. These risks and uncertainties, along with the risk factors discussed under "Item 1A.
Sincerely, Chairman of the Board" data-reactid="42"Your Vote Is Important, No Matter How Many or How Few Shares You Own Please vote today online, by phone or by mail by following the directions on your WHITE proxy card. - Risk Factors" in our Annual Report on Form 10-K should be considered in evaluating any forward-looking statements contained herein." data-reactid="49"SAFE HARBOR STATEMENT This document and other written or oral statements made from time to time by ADP may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
For the past five years, ADP has been executing on a technology-driven transformation that is central to our strategy -- and we have achieved real results.
ADP is the largest HCM provider in the cloud, with 83% of our clients now on strategic cloud-based platforms.
ADDITIONAL INFORMATION ADP, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from Company shareholders in connection with the matters to be considered at the Company's 2017 Annual Meeting.
The Company has filed a definitive proxy statement and WHITE proxy card with the U. Securities and Exchange Commission (the "SEC") in connection with any such solicitation of proxies from Company shareholders.
proxy card to re-elect all of the Company's 10 highly qualified and experienced directors at ADP's November 7 Annual Meeting of and additional information related to ADP's 2017 Annual Meeting of Stockholders can be found here." data-reactid="12"The letter to stockholders is available here and additional information related to ADP's 2017 Annual Meeting of Stockholders can be found here.
We were again surprised as neither he nor his director nominees have relevant experience in operating or transforming a technology-driven services business.While Canadian Pacific generated significant short-term return by implementing a basic cost-cutting playbook, J. In summary, your vote is really about whether ADP has the right Board and the right strategy. All other marks are the property of their respective owners.Your Board believes that Pershing Square's focus on massive short-term margin increases is the wrong answer for ADP. SAFE HARBOR STATEMENT This document and other written or oral statements made from time to time by ADP may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.Carlos' focus on innovation, and ability to adapt to a rapidly evolving HCM market, were key factors in the Board's decision to appoint him as Chief Executive Officer six years ago.Carlos' track record as CEO speaks for itself: he has increased productivity and cost efficiency in the short-term and continued to make the right investments to drive revenue and earnings growth over the longer term, while maintaining annual client retention above 90% every year since FY 2011.