Paychex adds board member, authorizes $400M buyback, declares $0.66 dividend

PAYCHEX INC

Kevin A. Price appointed to Paychex Board of Directors, expanding board from 9 to 10 members, effective July 7, 2021.
Board authorized a new $400 million stock repurchase program expiring January 31, 2024, in addition to existing program.
Quarterly dividend of $0.66 per share declared, payable August 26, 2021 to shareholders of record August 2, 2021.
Mr. Price is founder and president of PartsScription and former VP at Sears Holdings with over 35 years experience.

item 5.02 item 8.01 item 9.01

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Appointed

Kevin A. Price

Director

PAYX · PAYCHEX INC

Effective: 2021-07-07
Filed: July 8, 2021, 7:59 PM ET

the Company announced that the Board of Directors (the “Board”) has voted to expand to ten members and has appointed Kevin A. Price to fill the newly created position.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin A. Price was appointed as Director at PAYCHEX INC.

Action: appointed
Role: Director

Exact text from the filing

the Company announced that the Board of Directors (the “Board”) has voted to expand to ten members and has appointed Kevin A. Price to fill the newly created position.

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Source: SEC EDGAR

accession 0000723531-21-000031

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