8-K

PAYCHEX INC (PAYX)

8-K 2024-10-11 For: 2024-10-10
View Original
Added on April 08, 2026

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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): October 10, 2024

Paychex, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware 01-11330 16-1124166
(State or Other Jurisdiction<br>of Incorporation) (Commission File Number) (IRS Employer<br>Identification No.)
911 Panorama Trail South
Rochester, New York 14625-2396
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (585) 385-6666
---

(Former Name or Former Address, if Changed Since Last Report)

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:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br>Symbol(s) Name of each exchange on which registered
Common Stock, $0.01 par value PAYX 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).

Emerging growth company ☐

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 5.07 Submission of Matters to a Vote of Security Holders

The 2024 Annual Meeting of Stockholders of Paychex, Inc. (the “Company”) was held on October 10, 2024, via live webcast, for the following purposes: (i) to elect the eleven (11) directors named in the Company’s Proxy Statement to hold office for a one-year term and until their respective successors are elected and qualified; (ii) to hold a non-binding advisory vote on the compensation of the Company’s named executive officers; and (iii) to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2025.

There were present at the Annual Meeting, either in person or by proxy, holders of 325,831,506 shares of common stock entitled to vote.

Results of stockholder voting are as follows:

Proposal 1: Election of Directors

Each of the 11 nominees for director was duly elected, with votes as follows:

For Against Abstain Broker Non-Votes
Martin Mucci 280,385,736 9,671,231 222,708 35,551,831
Thomas F. Bonadio 277,520,491 12,270,027 489,157 35,551,831
Joseph G. Doody 276,541,104 13,251,910 486,661 35,551,831
John B. Gibson 285,665,065 4,230,058 384,552 35,551,831
B. Thomas Golisano 281,299,623 8,648,784 331,268 35,551,831
Pamela A. Joseph 255,187,202 33,251,407 1,841,066 35,551,831
Theresa M. Payton 285,872,568 4,124,476 282,631 35,551,831
Kevin A. Price 278,127,103 11,674,112 478,460 35,551,831
Joseph M. Tucci 270,896,221 18,790,173 593,281 35,551,831
Joseph M. Velli 282,108,793 7,815,837 355,045 35,551,831
Kara Wilson 285,946,066 4,018,306 315,303 35,551,831

Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation

The non-binding advisory vote on the compensation of the Company’s named executive officers was approved, with votes as follows:

For Against Abstain Broker Non-Votes
275,855,902 13,360,555 1,063,218 35,551,831

Proposal 3: Ratification of Selection of PricewaterhouseCoopers LLP as the Company's Independent Registered Public Accounting Firm

The selection of PricewaterhouseCoopers LLP as the Company’s independent registered accounting firm for fiscal year 2025 was ratified, with votes as follows:

For Against Abstain
322,397,905 3,139,220 294,381

Item 9.01 Financial Statements and Exhibits

Exhibit<br><br>number Description
104 Cover page Interactive File, embedded in Inline XBRL.

SIGNATURES

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.

PAYCHEX, INC.
Date: October 11, 2024 By: s/ Prabha Sipi Bhandari
Prabha Sipi Bhandari<br>Chief Legal Officer, Chief Ethics Officer, and Secretary