Paychex Founder Golisano Holds 10.3% Stake, 37.8M Shares

TL;DR

**Paychex founder Golisano still owns over 10% of the company, a bullish sign.**

AI Summary

B. Thomas Golisano, the founder of Paychex Inc., reported his beneficial ownership of 37,832,681 shares of Paychex common stock as of December 31, 2023. This represents a significant 10.3% stake in the company, with Golisano holding sole voting power over 37,554,613 shares and shared voting power over 278,068 shares. This matters to investors because it shows a substantial, continued commitment from the company's founder, which can be a strong signal of confidence in Paychex's future.

Why It Matters

A founder's continued large ownership stake often signals strong confidence in the company's long-term prospects, which can reassure current and potential investors.

Risk Assessment

Risk Level: low — This filing indicates a founder's continued significant ownership, generally seen as a positive signal rather than a risk.

Analyst Insight

Investors should view this filing as a positive signal, indicating the founder's continued belief in the company's value, and consider it when evaluating their investment in PAYX.

Key Numbers

• 37,832,681 — Total Shares Beneficially Owned (Represents B. Thomas Golisano's total stake in Paychex Inc.)
• 10.3% — Percentage of Class (Indicates the significant portion of Paychex Inc. owned by its founder.)
• 37,554,613 — Sole Voting Power Shares (Shows the number of shares B. Thomas Golisano controls independently.)
• 278,068 — Shared Voting Power Shares (Indicates shares where B. Thomas Golisano shares voting control.)

Key Players & Entities

• B. Thomas Golisano (person) — founder and reporting person for Paychex Inc.
• PAYCHEX INC (company) — the subject company of the filing
• 37,832,681 (dollar_amount) — total shares beneficially owned by B. Thomas Golisano
• 10.3% (dollar_amount) — percentage of class beneficially owned by B. Thomas Golisano
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• B. Thomas Golisano will maintain a significant ownership stake in Paychex Inc. (B. Thomas Golisano) — high confidence, target: next 12-24 months

FAQ

Key Financial Figures

• $0.01 — me of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securiti

Filing Documents

• tg_2023_sc_13ga.htm (SC 13G) — 74KB
• 0000950170-24-007357.txt ( ) — 75KB

From the Filing

SC 13G 1 tg_2023_sc_13ga.htm SC 13G SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment)* PAYCHEX, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) 704326 10 7 (CUSIP Number) DECEMBER 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 704326 10 7 Schedule 13G/A Page 2 of 4 1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (Entities Only). B. Thomas Golisano 2) Check the Appropriate Box if a Member of a Group: (a) [ ] (b) [ ] 3) SEC Use Only 4) Citizenship or Place of Organization: United States Number of Shares 5) Sole Voting Power 37,554,613 (1) Beneficially Owned by 6) Shared Voting Power 278,068 (2) Each Reporting 7) Sole Dispositive Power 37,554,613 (1) Person With: 8) Shared Dispositive Power 278,068 (2) 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 37,832,681 (1) (2) 10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [ ] 11) Percent of Class Represented by Amount in Row 9: 10.5% 12) Type of Reporting Person: IN Footnotes: 1. Includes 45,761 shares held in the name of family members, trusts, or other entities of Mr. Golisano. Mr. Golisano shares voting and investment power of these shares. 2. Includes 278,068 shares owned by the B. Thomas Golisano Foundation, of which Mr. Golisano is a member of the foundation’s ten-member board of trustees. Mr. Golisano disclaims beneficial ownership of these shares but does share voting and investment power. CUSIP NO. 704326 10 7 Schedule 13G/A Page 3 of 4 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 PAYCHEX, INC. (Name of Company) Item 1. (a) Name of Issuer: Paychex, Inc. (b) Address of Issuer's Principal Executive Offices: 911 Panorama Trail South Rochester, NY 14625 Item 2. ( a) Name of Person Filing: B. Thomas Golisano ( b) Address of Principal Business Office, or, if None, Residence: c/o 7632 County Road 42 Victor, NY 14564 ( c) Citizenship: United States (d) Title of Class of Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 704326 10 7 Item 3. Not Applicable CUSIP NO. 704326 10 7 Schedule 13G/A Page 4 of 4 Item 4. (a) Amount Beneficially Owned: 37,832,681 (b) Percent of Class: 10.5% (c) Number of Shares as to Which Such Person Has: (i) Sole Power to Vote or to Direct the Vote: 37,554,613 (ii) Shared Power to Vote or to Direct the Vote: 278,068 (iii) Sole Power to Dispose or to Direct the Disposition of: 37,554,613 (iv) Shared Power to Dispose or to Direct the Disposition of: 278,068 The footnotes to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. Item 5. Not Applicable. Item 6. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 24, 2024 /s/ B. Thomas Golisano B. Thomas Golisano

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