Paychex Files 8-K for Other Events, Financial Exhibits
Ticker: PAYX · Form: 8-K · Filed: Jan 19, 2024 · CIK: 723531
Complexity: simple
Sentiment: neutral
Topics: compliance, regulatory-filing, 8-K
TL;DR
**Paychex filed a routine 8-K, signaling standard compliance and no immediate red flags.**
AI Summary
Paychex, Inc. filed an 8-K on January 19, 2024, to report an "Other Event" and "Financial Statements and Exhibits." This filing, while standard, indicates that Paychex is maintaining its compliance with SEC regulations. For investors, this matters because it confirms the company's ongoing commitment to transparency and regulatory adherence, which can build confidence in the stock's stability and corporate governance.
Why It Matters
This filing confirms Paychex's ongoing compliance with SEC reporting requirements, which is a positive sign for corporate governance and transparency.
Risk Assessment
Risk Level: low — This 8-K is a routine filing for 'Other Events' and 'Financial Statements and Exhibits' and does not disclose any new material risks.
Analyst Insight
This filing is routine and does not present new information that would warrant immediate investment action. Investors should continue to monitor Paychex's earnings reports and other material disclosures for actionable insights.
Key Numbers
- 0000950170-24-005590 — Accession Number (unique identifier for this specific SEC filing)
- 12 — Public Document Count (number of documents included in the filing)
- 000-11330 — SEC File Number (Paychex's registration number with the SEC)
- 24543938 — Film Number (internal SEC processing number for the filing)
- 585-385-6666 — Business Phone Number (contact number for Paychex, Inc.)
Key Players & Entities
- Paychex, Inc. (company) — the registrant filing the 8-K
- January 19, 2024 (date) — date of the earliest event reported and filing date
- Delaware (company) — state of incorporation for Paychex, Inc.
- 911 Panorama Trail South (company) — business address of Paychex, Inc.
- Rochester, New York (company) — city and state of Paychex, Inc.'s principal executive offices
Forward-Looking Statements
- Paychex will continue to file routine compliance documents without significant disclosures. (Paychex, Inc.) — high confidence, target: 2024-12-31
- The company's stock price will not be significantly impacted by this specific 8-K filing. (PAYX stock) — high confidence, target: 2024-01-26
FAQ
What is the purpose of Paychex, Inc.'s 8-K filing on January 19, 2024?
The 8-K filing by Paychex, Inc. on January 19, 2024, is for 'Other Events' and 'Financial Statements and Exhibits,' as indicated in the 'ITEM INFORMATION' section of the filing.
What is the earliest event date reported in this 8-K filing?
The 'Date of Report (Date of earliest event reported)' is January 19, 2024, according to the filing.
Where are Paychex, Inc.'s principal executive offices located?
Paychex, Inc.'s principal executive offices are located at 911 Panorama Trail South, Rochester, New York, 14625-2396, as stated in the filing.
What is Paychex, Inc.'s trading symbol and on which exchange is its common stock registered?
Paychex, Inc.'s trading symbol is PAYX, and its Common Stock, $0.01 par value, is registered on the Nasdaq Global Select Market, as per the 'Securities registered pursuant to Section 12(b) of the Act' section.
Is Paychex, Inc. classified as an emerging growth company?
No, Paychex, Inc. is not classified as an emerging growth company, as indicated by the unchecked box next to 'Emerging growth company' in the filing.
Filing Stats: 508 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-01-19 09:16:40
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value PAYX Nasdaq Global Select
- $400 million — approved a program to repurchase up to $400 million of Paychex common stock with authorizat
- $0.89 — mpany announced a quarterly dividend of $0.89 per share payable February 27, 2024 to
Filing Documents
- payx-20240119.htm (8-K) — 39KB
- payx-ex99_01.htm (EX-99.01) — 11KB
- img9869475_0.jpg (GRAPHIC) — 61KB
- 0000950170-24-005590.txt ( ) — 242KB
- payx-20240119.xsd (EX-101.SCH) — 23KB
- payx-20240119_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On January 19, 2024, the Company announced that the Board approved a program to repurchase up to $400 million of Paychex common stock with authorization expiring on May 31, 2027. The Board voted to authorize the repurchase program on January 19, 2024. This repurchase program is in addition to the existing program with authorization expiring on January 31, 2024. Also on January 18, 2024, the Company announced a quarterly dividend of $0.89 per share payable February 27, 2024 to shareholders of record as of February 13, 2024. The Company’s press release dated January 19, 2024, announcing the repurchase program and dividend is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Description Exhibit 99.1 Press Release of Paychex, Inc.dated January 19, 2024 Exhibit 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
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: January 19, 2024 By: /s/ John B. Gibson President and Chief Executive Officer Date: January 19, 2024 By: /s/ Robert L. Schrader Senior Vice President and Chief Financial Officer